Form 4: PPL Corp Executive Tadd J. Henninger Reports Stock Transactions
SEC Form 4 Filing
Tadd J. Henninger, SVP-Finance and Treasurer of PPL Corp, reports acquisition and disposal of common stock and performance stock units on February 13, 2025.
Summary
- On February 13, 2025, Tadd J. Henninger, SVP-Finance and Treasurer of PPL Corp, engaged in transactions involving PPL common stock and performance stock units.
- Henninger acquired 3,156 shares of common stock at $34.41 per share.
- He also disposed of 908 shares to cover tax obligations related to the expiration of a restriction period under the Stock Incentive Plan (SIP) at $34.41 per share.
- Following these transactions, Henninger directly owns 13,507.087 shares of PPL common stock and indirectly owns 98.509 shares held in trust through the Employee Stock Ownership Plan.
- Henninger also reported owning 27,910.596 performance units as of February 18, 2025, which includes grants from 2023, 2024 and 2025, plus dividend equivalents.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key executives and their confidence in the company's prospects.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their executives.
- The transactions are typical for executives receiving stock-based compensation and managing their tax obligations.
- Comparable companies like Duke Energy, Exelon, and Southern Company also have executives who regularly file Form 4s.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- The filing provides transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 01/20/2023 | Date of three performance stock unit grants: (a) 4,319.121, (b) 2,159.561, and (c) 2,159.561 |
| 01/25/2024 | Date of three performance stock unit grants: (a) 5,450.175, (b) 2,725.089, and (c) 2,725.089 |
| 12/31/2024 | End of the three-year performance period for the Stock Incentive Plan (SIP). |
| 01/30/2025 | The People and Compensation Committee determined that the underlying securities were earned (146%) based on the Company's earnings growth over a three-year performance period ending 12/31/2024. |
| 01/30/2025 | Date of three performance stock unit grants: (a) 4,186, (b) 2,093, and (c) 2,093 |
| 02/13/2025 | Date of stock transactions: acquisition of 3,156 shares and disposal of 908 shares for tax obligations. |
| 02/18/2025 | Date of Form 4 filing; total performance units beneficially owned is 27,910.596. |
Keywords
PPL Corp, Tadd J. Henninger, Form 4, Stock Incentive Plan, Common Stock, Performance Stock Units, Insider Trading
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