4/A: PPL Corp Executive John R. Crockett III Reports Stock Transactions
SEC Form 4/A Filing
PPL Corp executive John R. Crockett III reported the acquisition and disposal of company stock and stock units on October 1, 2024, including shares withheld for tax purposes.
Summary
- John R. Crockett III, a President of a PPL subsidiary, reported transactions involving PPL Corp common stock and stock units.
- On October 1, 2024, Mr. Crockett acquired 1,050.75 shares of common stock at a price of $33.23 per share.
- Also on October 1, 2024, 322 shares were withheld by the company to cover taxes due from the vesting of stock units.
- The total number of common shares beneficially owned by Mr. Crockett after these transactions is 21,594.75.
- The transactions also included the vesting of 1,050.75 stock units, which were converted to common stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no indication of positive or negative sentiment. It is a routine filing.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies. It provides transparency into the trading activities of insiders.
Comparison to Industry Standards
- The reporting of stock transactions by company insiders is a standard practice across all publicly traded companies in the US, as mandated by the SEC.
- Form 4 filings are a common occurrence and are used by companies such as Duke Energy, Southern Company, and NextEra Energy to report similar transactions by their executives.
- The level of detail provided in this filing is consistent with the requirements of the SEC and is comparable to similar filings by other utility companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
- The disclosure provides transparency to the market regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of stock and stock unit transactions. |
| 10/02/2024 | Original filing date of the form, which was later amended. |
| 11/26/2024 | Date the amended form was signed. |
Keywords
PPL Corp, stock transactions, insider trading, executive compensation, stock units, Form 4, beneficial ownership
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.