Form 4: PPL Corp Executive Tadd J. Henninger Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Tadd J. Henninger, SVP-Finance and Treasurer of PPL Corp, sold 7,745 shares of common stock at $33.38 per share on February 3, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- On February 3, 2025, Tadd J. Henninger, SVP-Finance and Treasurer of PPL Corp, sold 7,745 shares of PPL common stock.
- The sale was executed at a price of $33.38 per share.
- The transaction was conducted under a pre-arranged 10b5-1 trading plan established on May 30, 2024.
- Following the transaction, Henninger directly owns 11,259.087 shares of PPL common stock.
- Henninger also indirectly owns 98.509 shares held in trust pursuant to the Employee Stock Ownership Plan, which includes reinvested dividends.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a routine disclosure of a pre-planned stock sale by an executive. There's no indication of positive or negative implications for the company.
Industry Context
This filing is a routine disclosure of an insider transaction. It's common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information. The impact on PPL Corp's stock is likely to be minimal, as the sale was pre-planned.
Key Dates
| Date | Description |
|---|---|
| May 30, 2024 | Date of the 10b5-1 plan |
| February 3, 2025 | Date of the stock sale transaction |
| February 5, 2025 | Date of the Form 4 filing |
Keywords
PPL Corp, Tadd J. Henninger, Form 4, insider trading, 10b5-1 plan, stock sale, SVP-Finance, Treasurer, common stock, beneficial ownership
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