Tadd J. Henninger - 29 Jan 2026 Form 4 Insider Report for PPL Corp (PPL)

Signature
/s/ W. Eric Marr, as Attorney-In-Fact for Tadd J. Henninger
Issuer symbol
PPL
Transactions as of
29 Jan 2026
Net transactions value
+$284,447
Form type
4
Filing time
02 Feb 2026, 17:24:10 UTC
Previous filing
21 Jan 2026
Next filing
24 Feb 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Henninger Tadd J SVP-Finance and Treasurer 645 HAMILTON STREET, ALLENTOWN /s/ W. Eric Marr, as Attorney-In-Fact for Tadd J. Henninger 02 Feb 2026 0001726245

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PPL Common Stock Options Exercise $117,717 +3,242 +25% $36.31 15,969 29 Jan 2026 Direct F1
transaction PPL Common Stock Tax liability $37,363 -1,029 -6.4% $36.31 14,940 29 Jan 2026 Direct F1, F2
transaction PPL Common Stock Options Exercise $260,524 +7,175 +48% $36.31 22,115 29 Jan 2026 Direct F1
transaction PPL Common Stock Tax liability $74,980 -2,065 -9.3% $36.31 20,050 29 Jan 2026 Direct F1, F2
transaction PPL Common Stock Options Exercise $26,053 +719 +3.6% $36.25 20,769 30 Jan 2026 Direct F1
transaction PPL Common Stock Tax liability $7,504 -207 -1% $36.25 20,562 30 Jan 2026 Direct F1, F2
holding PPL Common Stock 102 29 Jan 2026 Held in trust pursuant to the Employee Stock Ownership Plan. F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PPL Stock Unit (SIP) Award $0 +2,348 $0.000000 2,348 29 Jan 2026 Common Stock 2,348 Direct F3, F4, F5
transaction PPL Performance Stock Unit (SIP) Award $0 +4,696 $0.000000 4,696 29 Jan 2026 Common Stock 4,696 Direct F6, F7
transaction PPL Performance Stock Unit (SIP) Award $0 +2,348 $0.000000 2,348 29 Jan 2026 Common Stock 2,348 Direct F7, F8
transaction PPL Performance Stock Unit (SIP) Award $0 +2,348 $0.000000 2,348 29 Jan 2026 Common Stock 2,348 Direct F7, F9
transaction PPL Performance Stock Unit (SIP) Options Exercise $0 -7,175 -100% $0.000000 0 29 Jan 2026 Common Stock 7,175 Direct F1, F7, F10
transaction PPL Performance Stock Unit (SIP) Options Exercise $0 -3,242 -100% $0.000000 0 29 Jan 2026 Common Stock 3,242 Direct F1, F7, F11
transaction PPL Stock Unit (SIP) Options Exercise $0 -719 -33% $0.000000 1,439 30 Jan 2026 Common Stock 719 Direct F1, F3, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Total includes the reinvestment of dividends.
F2 Shares withheld by the company at the request of the executive officer to pay taxes due following expiration of the applicable restriction period, under the terms of the Stock Incentive Plan (SIP).
F3 No conversion or exercise price applies. Under the terms of the Stock Incentive Plan (SIP), a restricted stock unit converts to a share of common stock on the applicable vesting date.
F4 The total grant of 2,348 restricted stock units will vest in three equal installments on 01/29/2027, 01/29/2028, and 01/29/2029.
F5 As of 02/02/2026, total restricted stock units beneficially owned is 18,992.984. This total includes the two 01/25/2024 grants of (a) 12,395.567 and (b) 2,809.947 restricted stock units, two-thirds of the 01/30/2025 grant, which totals 1,439.470, plus in each case, the incremental addition of restricted stock units credited to the original grant in amounts equal to dividend equivalents deemed earned on shares underlying such restricted stock units, and the 01/29/2026 grant of 2,348 restricted stock units.
F6 No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), all, some or none of the underlying securities will be earned depending on the Company's performance relative to a peer group (determined by the Company's People and Compensation Committee as described in more detail in the Company's annual Proxy Statement on Schedule 14A), over a three-year performance period ending 12/31/2028. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2029.
F7 As of 02/02/2026, total performance units beneficially owned is 31,491.294. This total includes the 01/20/2023 grant of 2,226.809 performance units, the three 01/25/2024 grants of (a) 2,809.947, (b) 2,809.947, and (c) 5,619.892 performance units, the three 01/30/2025 grants of (a) 2,158.174, (b) 2,158.174, and (c) 4,316.351 performance units, plus in each case, the incremental addition of performance units credited to the original grant in amounts equal to dividend equivalents deemed earned on shares underlying such performance units, and the three 01/29/2026 grants of (a) 2,348, (b) 2,348, and (c) 4,696 performance units.
F8 No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), all, some or none of the underlying securities will be earned depending on the Company's earnings growth over a three-year performance period ending 12/31/2028. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2029.
F9 No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), all, some or none of the underlying securities will be earned depending on the Company's achievement of certain long-term sustainability-related metrics over a three-year performance period ending 12/31/2028. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2029.
F10 No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), the underlying securities were earned (161.10%) based on the Company's performance relative to an industry peer group over a three-year performance period ending 12/31/2025. Determination of the percentage of the award earned was made by the People and Compensation Committee on 01/29/2026 and calculation of the underlying shares to be delivered, net of withholding, was completed on 01/30/2026.
F11 No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), the underlying securities were earned (145.58%) based on the Company's achievements of certain ESG-related metrics over a three-year performance period ending 12/31/2025. Determination of the percentage of the award earned was made by the People and Compensation Committee on 01/29/2026 and calculation of the underlying shares to be delivered, net of withholding, was completed on 01/30/2026.
F12 One-third of the 01/30/2025 grant of restricted stock units vested on 01/30/2026; the remaining thirds will vest on 01/30/2027 and 01/30/2028, respectively.