Form 4: PPL Corp Executive Marlene C. Beers Reports Stock Transactions

Marlene C. Beers, Vice President and Controller of PPL Corp, reports the vesting of stock units and subsequent transactions involving PPL common stock.

Summary

• On June 14, 2024, Marlene C. Beers, Vice President and Controller of PPL Corp, reported transactions involving PPL common stock.
• The transactions included the vesting of 1,937.593 stock units under the Stock Incentive Plan (SIP).
• 558 shares were withheld by the company to cover taxes due upon the vesting of the stock units at a price of $28.08.
• Following these transactions, Beers directly owns 32,063.298 shares of PPL common stock.
• Beers also indirectly owns 1,500 shares through investment power over shares owned by a family member.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

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 trading activities of company insiders.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
• The withholding of shares for taxes impacts the executive's net compensation.

Key Dates