Lonnie E. Bellar - 20 Feb 2026 Form 4 Insider Report for PPL Corp (PPL)

Role: EVP-Eng, Constr and Gen
Signature: /s/ W. Eric Marr, as Attorney-In-Fact for Lonnie E. Bellar
Issuer symbol: PPL
Transactions as of: 20 Feb 2026
Net transactions value: +$93,488
Form type: 4
Filing time: 24 Feb 2026, 16:56:08 UTC
Previous filing: 02 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Bellar Lonnie E	EVP-Eng, Constr and Gen	645 HAMILTON STREET, ALLENTOWN	/s/ W. Eric Marr, as Attorney-In-Fact for Lonnie E. Bellar	24 Feb 2026	0002064034

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PPL	Common Stock	Options Exercise	$132,276	+3,533	+8.9%	$37.44	43,197	20 Feb 2026	Direct
transaction	PPL	Common Stock	Tax liability	$38,788	-1,036	-2.4%	$37.44	42,161	20 Feb 2026	Direct	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	Performance Stock Unit (SIP)	Options Exercise	$0	-3,533	-100%	$0.000000	0	20 Feb 2026	Common Stock	3,533	$0.000000	Direct	F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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).
F2	Total includes the reinvestment of dividends.
F3	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 (151.5%) based on the Company's earnings growth 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 02/20/2026.
F4	As of 02/24/2026, total performance units beneficially owned is 51,112.992. This total includes the three 01/25/2024 grants of (a) 2,627.456, (b) 2,627.456, and (c) 5,254.909 performance units, the three 03/04/2024 grants of (a) 339.371, (b) 339.371, and (c) 677.674, the three 01/30/2025 grants of (a) 4,035.882, (b) 4,035.882, and (c) 8,070.731 performance units, the three 4/25/2025 grants of (a) 243.571, (b) 243.571, and (c) 486.118 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) 5,533, (b) 5,533, and (c) 11,065 performance units.