Form 4: PPL Corp Executive Wendy E. Stark Reports Stock Transactions
SEC Form 4 Filing
Wendy E. Stark, EVP & CLO of PPL Corp, reports acquisition and disposal of common stock and performance stock units on February 13, 2025.
Summary
- On February 13, 2025, Wendy E. Stark, EVP & CLO of PPL Corp, reported transactions involving PPL Corp common stock and performance stock units.
- Stark acquired 12,153 shares of common stock at a price of $34.41 per share.
- She also disposed of 5,320 shares to cover taxes due following the expiration of a restriction period under the Stock Incentive Plan (SIP), also at $34.41 per share.
- Following these transactions, Stark directly owns 60,031.547 shares of PPL Corp common stock.
- As of February 18, 2025, Stark beneficially owns 109,815.201 performance units.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the trading activities of company executives. It is a standard practice for publicly traded companies and their executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading activities.
- Companies like Duke Energy, Exelon, and Southern Company also have executives who regularly file Form 4s to report their transactions in company stock.
- The specifics of the transactions (number of shares, price, etc.) are unique to PPL Corp and its executive's compensation and investment decisions.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly altering the ownership structure.
- The stock disposal to cover taxes impacts the executive's personal finances.
Key Dates
| Date | Description |
|---|---|
| 01/20/2023 | Date of three performance unit grants: (a) 18,716.551, (b) 9,358.813, and (c) 9,358.813 performance units. |
| 01/25/2024 | Date of three performance unit grants: (a) 18,746.494, (b) 9,373.765, and (c) 9,373.765 performance units. |
| 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 unit grants: (a) 17,443, (b) 8,722, and (c) 8,722 performance units. |
| 02/13/2025 | Date of the reported transactions: acquisition of 12,153 shares and disposal of 5,320 shares. |
| 02/13/2025 | Calculation of the underlying shares to be delivered, net of withholding, was completed. |
| 02/18/2025 | Date of the report, indicating total performance units beneficially owned is 109,815.201. |
Keywords
PPL Corp, Wendy E. Stark, Stock Incentive Plan, Common Stock, Performance Stock Units, Form 4, Executive Compensation, Insider Trading
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