Form 4: PPL Corp Executive Marlene C. Beers Reports Stock Transactions
SEC Form 4 Filing
Marlene C. Beers, Vice President and Controller of PPL Corp, reports the vesting of stock units and subsequent tax withholding on January 21, 2024.
Summary
- On January 21, 2024, Marlene C. Beers, Vice President and Controller of PPL Corp, had stock units vest and exercised.
- A total of 1,991.773 stock units vested at a price of $26.01.
- 679 shares were withheld by the company to cover taxes due upon the vesting of the stock units.
- Following these transactions, Beers directly owns 23,445.705 shares of PPL Corp common stock.
- Beers also indirectly owns 1,500 shares through family members, over which she has investment power.
- This Form 4 filing corrects an earlier filing that incorrectly identified the issuer as Kentucky Utilities Company.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions, neither particularly positive nor negative.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. These filings are monitored by investors for insights into management's perspective on the company's stock.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the vesting of previously granted stock units.
Key Dates
| Date | Description |
|---|---|
| 01/21/2024 | Date of stock unit vesting and tax withholding. |
| 01/23/2024 | Initial incorrect filing date. |
| 03/05/2024 | Date of corrected Form 4 filing. |
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