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 the vesting and conversion of stock units and related tax withholding.
Summary
- On June 14, 2024, Tadd J. Henninger, SVP-Finance and Treasurer of PPL Corp, engaged in transactions involving PPL common stock.
- Henninger converted 3,103.706 stock units into common stock at a price of $28.08 per share.
- 893 shares were withheld by the company to cover taxes due upon the vesting of the stock units under the Stock Incentive Plan (SIP).
- Following these transactions, Henninger directly owns 15,970.983 shares of PPL common stock and indirectly owns 96.087 shares held in trust through the Employee Stock Ownership Plan.
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 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 company executives and assess their confidence in the company's prospects.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/14/2024 | Date of stock unit conversion and tax withholding. |
| 06/17/2024 | Date of signature on the Form 4 filing. |
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