Bellar Lonnie E 4

What Happened
Lonnie E. Bellar, Executive Vice President — Engineering, Construction & Generation at PPL Corp, had 2,106 stock units vest on 2026-01-20 and converted/exercised them into 2,106 common shares (value shown at $36.91/share, $77,732 total). To satisfy tax withholding, the company withheld 729 of those shares (valued at $36.91 each, $26,907), resulting in a net issuance of 1,377 shares to Bellar. This was a vesting/conversion and tax-withholding event (routine), not an open-market sale.

Key Details

• Transaction date: 2026-01-20; Filing date: 2026-01-21 (timely filing).
• Exercise/conversion: 2,106 shares at $36.91 → $77,732 total value.
• Tax withholding: 729 shares withheld at $36.91 → $26,907 withheld.
• Net shares retained by insider: 1,377 shares (2,106 − 729).
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes: F1 = shares withheld by company to pay taxes under the Stock Incentive Plan; F2 = units vested on 1/20/2026.
• Transaction codes: M = exercise/conversion of derivative/units; F = payment of exercise price or tax liability.

Context
This was a routine vesting and conversion of equity awards, with the company withholding shares to cover tax obligations (a common cashless net settlement). Such transactions reflect compensation vesting rather than a discretionary market sale by the insider.