Form 4: PPL Corp Executive John R Crockett III Reports Stock Transactions
SEC Form 4 Filing
John R Crockett III, a PPL Corp subsidiary president, reported the acquisition and disposal of common stock and performance stock units on February 13, 2025.
Summary
- On February 13, 2025, John R Crockett III, President of a PPL subsidiary, reported transactions involving PPL Corp common stock and performance stock units.
- He acquired 8,630 shares of common stock at $34.41 per share.
- He disposed of 3,931 shares to cover taxes due following the expiration of a restriction period under the Stock Incentive Plan (SIP) at $34.41 per share.
- Following these transactions, Crockett directly owns 39,440.515 shares of PPL Corp common stock.
- As of February 18, 2025, Crockett beneficially owns 64,363.523 performance units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which is a common practice for publicly traded companies. It provides transparency into the trading activities of company executives and their alignment with shareholder interests.
Stakeholder Impact
- The disclosure of insider transactions provides transparency to shareholders regarding the actions of company executives.
Key Dates
| Date | Description |
|---|---|
| 01/20/2023 | Date of three grants of performance units. |
| 01/25/2024 | Date of three grants of performance units. |
| 12/31/2024 | End of the three-year performance period for the Stock Incentive Plan (SIP). |
| 01/30/2025 | Determination of the percentage of the award earned by the People and Compensation Committee. |
| 02/13/2025 | Date of stock acquisition and disposal transactions; calculation of underlying shares to be delivered. |
| 02/18/2025 | Date of the Form 4 filing. |
Keywords
PPL Corp, John R Crockett III, Stock Incentive Plan, Common Stock, Performance Stock Units, Form 4, Insider Trading
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