Form 4: PPL Corp Executive Francis X. Sullivan Reports Stock Transactions
SEC Form 4 Filing
EVP and COO of PPL Corp, Francis X. Sullivan, reports the vesting of stock units and subsequent tax withholding.
Summary
- On January 27, 2025, Francis X. Sullivan, EVP and COO of PPL Corp, reported transactions involving PPL common stock.
- Sullivan acquired 913 shares of common stock upon the vesting of stock units (ICPKE) at a price of $33.51.
- The company withheld 391 shares to cover taxes due upon the expiration of the restriction period, at a price of $33.51.
- Following these transactions, Sullivan directly owns 1,431 shares of PPL common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/27/2025 | Date of stock unit vesting and tax withholding. |
| 01/29/2025 | Date of signature on the Form 4 filing. |
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