PPL Corp — Director's Dealing 2026

Feb 24, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2026-02-20

Reporting Person: Bonenberger David J (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-02-20	Common Stock	M	7875	$37.44	Acquired	75215.372	Direct
2026-02-20	Common Stock	F	3447	$37.44	Disposed	71768.372	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-02-20	Performance Stock Unit (SIP)	$0.00	M	7875	Disposed		Common Stock (7875)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5073.336	Indirect
Common Stock	100	Indirect

Footnotes

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 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 76,240.498. This total includes the three 01/25/2024 grants of (a) 5,855.744, (b) 5,855.744, and (c) 11,711.488 performance units, the three 01/30/2025 grants of (a) 6,205.398, (b) 6,205.398, and (c) 12,409.766 performance units, the three 04/25/2025 grants of (a) 644.746, (b) 644.746, and (c) 1,288.468 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) 6,355, (b) 6,355, and (c) 12,709 performance units.