Form 4: PPL Subsidiary President Reports Stock Transactions
Insider Transaction Report
John Gregory Cornett, President of a PPL subsidiary, reported the acquisition and subsequent tax-related disposition of PPL common stock following the vesting of stock units.
Summary
- John Gregory Cornett, President of a PPL subsidiary, reported transactions involving PPL Corp common stock.
- On January 20, 2026, 1,237 shares of common stock were acquired at a price of $36.91 per share through the exercise or conversion of derivative securities.
- These derivative securities were Stock Units under the company's Stock Incentive Plan (SIP), which vested on January 20, 2026.
- Concurrently, 455 shares of common stock were disposed of at $36.91 per share to cover tax obligations related to the vesting of the stock units.
- Following these transactions, Cornett beneficially owns 8,616 shares of PPL Corp common stock directly.
Sentiment
Score: 6
Explanation: The filing reports a routine executive compensation event involving the vesting of stock units and subsequent tax-related share disposition, which is a neutral to slightly positive event for the executive and reflects planned compensation.
Positives
- Vesting of 1,237 stock units for John Gregory Cornett, indicating the successful fulfillment of performance or tenure requirements.
- The executive's continued direct beneficial ownership of 8,616 shares of PPL Corp common stock, aligning executive and shareholder interests.
Negatives
- Disposition of 455 shares of common stock to cover tax liabilities, resulting in a reduction of the total shares held by the executive.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- Shares were withheld by the company at the request of the executive officer to pay taxes due following the expiration of the applicable restriction period, under the terms of the Stock Incentive Plan (SIP).
Stakeholder Impact
- Shareholders: Minimal impact as this is a routine executive compensation event.
- Executive: Realization of equity compensation and continued direct ownership in the company.
Key Dates
| Date | Description |
|---|---|
| 01/20/2026 | Date of earliest transaction, including vesting of stock units, acquisition of common stock, and disposition of common stock for tax purposes. |
| 01/21/2026 | Signature date of the reporting person's attorney-in-fact. |
Recommendation
holdThis Form 4 filing details a routine executive compensation event involving the vesting of stock units and subsequent tax-related share disposition. Such transactions are common and generally do not provide new material information to warrant a change in investment recommendation based solely on this filing.
Keywords
PPL Corp, PPL, Form 4, insider transaction, executive compensation, stock units, common stock, beneficial ownership
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