Form 4: PPL Corp Executive Joseph Bergstein Jr. Reports Stock Transactions
SEC Form 4 Filing
EVP and CFO of PPL Corp, Joseph Bergstein Jr., reports acquisition and disposal of common stock and stock units related to dividend reinvestment and tax obligations.
Summary
- On January 21, 2024, Joseph Bergstein Jr., EVP and CFO of PPL Corp, engaged in transactions involving PPL common stock and stock units.
- These transactions included the acquisition of 11,365.7 shares of common stock at $26.01 per share and the disposal of 3,546 shares to cover tax obligations.
- Following these transactions, Bergstein directly owns 62,182.346 shares of common stock and indirectly owns 370.379 shares held in trust and 58.789 shares as custodian for children.
- Additionally, 11,365.7 stock units vested on January 21, 2024, and were converted into 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 minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/21/2024 | Date of earliest transaction: acquisition and disposal of shares and vesting of stock units. |
| 01/23/2024 | Initial filing date of Form 4 (subsequently corrected). |
| 03/05/2024 | Date of corrected Form 4 filing. |
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