Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-23

PPL Corp (PPL)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$13,221,331
Vincent Sorgi total, FY2025
40th
CEO pay percentile vs peers
74:1
CEO-to-median pay ratio
96.87%
Say-on-pay support, latest vote
Companies that benchmark against PPL
24 companies name PPL as a compensation peer

Each company listed discloses PPL in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named PPL in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Vincent Sorgi$1,238,060$0$7,865,249$0$1,869,248$2,119,321$129,453$13,221,331
President and Chief Executive Officer
Joseph Bergstein Jr.724,77701,997,8170716,4121,371,59053,5244,864,120
Executive Vice President and Chief Financial Officer
David Bonenberger544,02101,936,0870552,827904,54645,7653,983,246
Executive Vice President and Chief Operating Officer - Utilities
Francis Sullivan202,08201,508,1980175,51501,615,1613,500,956
Former Executive Vice President and Chief Operating Officer
Wendy Stark662,23101,545,4130654,9020113,5512,976,097
Executive Vice President - Utilities and Chief Legal Officer
Dean Del Vecchio668,97501,488,7120660,924081,1102,899,721
Executive Vice President and Chief Technology & Innovation Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Vincent Sorgi$13,221,331$11,355,743$11,969,556+1,865,588
Joseph Bergstein Jr.4,864,1203,986,8924,684,522+877,228
David Bonenberger3,983,246
Francis Sullivan3,500,9563,183,5442,648,743+317,412
Wendy Stark2,976,0972,540,7392,893,262+435,358
Dean Del Vecchio2,899,7214,101,097−1,201,376

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Arthur P. BeattieDirector2026-04-01A1,342.2$38$51,500Derivative, Class A CommonForm 4 ↗
Keith H. WilliamsonDirector2026-04-01A1,140.213843,750Derivative, Class A CommonForm 4 ↗
Phoebe A. WoodDirector2026-04-01A1,140.213843,750Derivative, Class A CommonForm 4 ↗
Heather B. RedmanDirector2026-04-01A1,140.213843,750Derivative, Class A CommonForm 4 ↗
Linda G. SullivanDirector2026-04-01A1,140.213843,750Derivative, Class A CommonForm 4 ↗
Armando Zagalo de LimaDirector2026-04-01A1,628.883862,500Derivative, Class A CommonForm 4 ↗
Natica von AlthannDirector2026-04-01A1,140.213843,750Derivative, Class A CommonForm 4 ↗
Craig A. RogersonDirector2026-04-01A1,140.213843,750Derivative, Class A CommonForm 4 ↗
Venkata R. MadabhushiDirector2026-04-01A1,140.213843,750Derivative, Class A CommonForm 4 ↗
Vincent SorgiPresident and CEO2026-04-08D33,00000CommonForm 4 ↗
David BonenbergerEVP & COO-Utilities2026-04-24A216.51398,390CommonForm 4 ↗
Dividend-equivalent accruals2026-04-242982 insiders, 2 accrual rows
David BonenbergerEVP & COO-Utilities2026-04-24D95393,681CommonForm 4 ↗
Lonnie E. BellarEVP-Eng, Constr and Gen2026-04-24A81.45393,156CommonForm 4 ↗
Lonnie E. BellarEVP-Eng, Constr and Gen2026-04-24D37391,434CommonForm 4 ↗
John Gregory CornettPresident of a PPL Subsidiary2026-06-12D7,05136250,734CommonForm 4 ↗
Arthur P. BeattieDirector2026-07-01A1,445.823651,500Derivative, Class A CommonForm 4 ↗
Venkata R. MadabhushiDirector2026-07-01A1,228.243643,750Derivative, Class A CommonForm 4 ↗
Armando Zagalo de LimaDirector2026-07-01A1,754.633662,500Derivative, Class A CommonForm 4 ↗
Heather B. RedmanDirector2026-07-01A1,228.243643,750Derivative, Class A CommonForm 4 ↗
Keith H. WilliamsonDirector2026-07-01A1,228.243643,750Derivative, Class A CommonForm 4 ↗
Phoebe A. WoodDirector2026-07-01A1,228.243643,750Derivative, Class A CommonForm 4 ↗
Craig A. RogersonDirector2026-07-01A1,228.243643,750Derivative, Class A CommonForm 4 ↗
Linda G. SullivanDirector2026-07-01A1,228.243643,750Derivative, Class A CommonForm 4 ↗
Kenneth Michael HartwickDirector2026-07-22A1,228.243643,750Derivative, Class A CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

View all 26 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Arthur P. BeattieDirector2026-04-01A1,342.2$38$51,500Derivative, Class A CommonForm 4 ↗
Keith H. WilliamsonDirector2026-04-01A1,140.213843,750Derivative, Class A CommonForm 4 ↗
Phoebe A. WoodDirector2026-04-01A1,140.213843,750Derivative, Class A CommonForm 4 ↗
Heather B. RedmanDirector2026-04-01A1,140.213843,750Derivative, Class A CommonForm 4 ↗
Linda G. SullivanDirector2026-04-01A1,140.213843,750Derivative, Class A CommonForm 4 ↗
Armando Zagalo de LimaDirector2026-04-01A1,628.883862,500Derivative, Class A CommonForm 4 ↗
Natica von AlthannDirector2026-04-01A1,140.213843,750Derivative, Class A CommonForm 4 ↗
Craig A. RogersonDirector2026-04-01A1,140.213843,750Derivative, Class A CommonForm 4 ↗
Venkata R. MadabhushiDirector2026-04-01A1,140.213843,750Derivative, Class A CommonForm 4 ↗
Vincent SorgiPresident and CEO2026-04-08D33,00000CommonForm 4 ↗
David BonenbergerEVP & COO-Utilities2026-04-24A216.51398,390CommonForm 4 ↗
David BonenbergerEVP & COO-Utilities2026-04-24D216.5100Derivative, Class A CommonForm 4 ↗
David BonenbergerEVP & COO-Utilities2026-04-24D95393,681CommonForm 4 ↗
Lonnie E. BellarEVP-Eng, Constr and Gen2026-04-24A81.45393,156CommonForm 4 ↗
Lonnie E. BellarEVP-Eng, Constr and Gen2026-04-24D81.4500Derivative, Class A CommonForm 4 ↗
Lonnie E. BellarEVP-Eng, Constr and Gen2026-04-24D37391,434CommonForm 4 ↗
John Gregory CornettPresident of a PPL Subsidiary2026-06-12D7,05136250,734CommonForm 4 ↗
Arthur P. BeattieDirector2026-07-01A1,445.823651,500Derivative, Class A CommonForm 4 ↗
Venkata R. MadabhushiDirector2026-07-01A1,228.243643,750Derivative, Class A CommonForm 4 ↗
Armando Zagalo de LimaDirector2026-07-01A1,754.633662,500Derivative, Class A CommonForm 4 ↗
Heather B. RedmanDirector2026-07-01A1,228.243643,750Derivative, Class A CommonForm 4 ↗
Keith H. WilliamsonDirector2026-07-01A1,228.243643,750Derivative, Class A CommonForm 4 ↗
Phoebe A. WoodDirector2026-07-01A1,228.243643,750Derivative, Class A CommonForm 4 ↗
Craig A. RogersonDirector2026-07-01A1,228.243643,750Derivative, Class A CommonForm 4 ↗
Linda G. SullivanDirector2026-07-01A1,228.243643,750Derivative, Class A CommonForm 4 ↗
Kenneth Michael HartwickDirector2026-07-22A1,228.243643,750Derivative, Class A CommonForm 4 ↗
03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
David BonenbergerPSU2025-04-253156306301,260$22,636
Wendy StarkRSU2025-01-308,722291,925
David BonenbergerRSU2025-04-2563022,636
Wendy StarkPSU2025-01-304,3618,7228,72217,444291,925
Francis X. SullivanPSU2025-01-305,24720,98820,98841,976805,729
Francis X. SullivanPSU2025-01-305,24710,49410,49420,988351,234
David BonenbergerRSU2025-03-3120,770750,005
Joseph Bergstein Jr.PSU2025-01-305,63822,55022,55045,100865,695
Dean Del VecchioPSU2025-01-304,2018,4028,40216,804281,215
Vincent SorgiRSU2025-01-3044,3891,485,700
Vincent SorgiPSU2025-01-3022,19544,38944,38988,7781,485,700
Wendy StarkPSU2025-01-304,36117,44317,44334,886669,637
Dean Del VecchioRSU2025-01-308,402281,215
David BonenbergerRSU2025-01-306,018201,422
Dean Del VecchioPSU2025-01-304,20116,80316,80333,606645,067
David BonenbergerPSU2025-01-303,00912,03512,03524,070462,024
Joseph Bergstein Jr.RSU2025-01-3011,275377,374
David BonenbergerPSU2025-04-253151,2591,2592,51851,883
Joseph Bergstein Jr.PSU2025-01-305,63811,27511,27522,550377,374
David BonenbergerPSU2025-01-303,0096,0186,01812,036201,422
Vincent SorgiPSU2025-01-3022,19488,77788,777177,5543,408,149
David BonenbergerPSU2025-01-303,0096,0186,01812,036201,422
Francis X. SullivanPSU2025-01-305,24710,49410,49420,988351,234
Vincent SorgiPSU2025-01-3022,19544,38944,38988,7781,485,700
David BonenbergerPSU2025-04-253156306301,26022,636
Joseph Bergstein Jr.PSU2025-01-305,63811,27511,27522,550377,374
Dean Del VecchioPSU2025-01-304,2018,4028,40216,804281,215
Wendy StarkPSU2025-01-304,3618,7228,72217,444291,925
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
David Bonenberger$974,063$962,023$049.7%
Wendy Stark291,9251,253,487081.1%
Francis X. Sullivan01,508,1970100.0%
Joseph Bergstein Jr.377,3741,620,443081.1%
Dean Del Vecchio281,2151,207,497081.1%
Vincent Sorgi1,485,7006,379,549081.1%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Vincent SorgiPSU91,543$3,205,819
Joseph Bergstein Jr.PSU42,8341,500,058
Joseph Bergstein Jr.PSU24,987875,034
David BonenbergerPSU80628,224
Vincent SorgiPSU22,885801,446
SullivanPSU21,642757,888
Vincent SorgiPSU93,9933,291,630
Wendy StarkPSU17,987629,912
David BonenbergerPSU17,567615,204
David BonenbergerPSU7,757271,641
Wendy StarkPSU11,242393,695
David BonenbergerPSU10,248358,869
David BonenbergerPSU3,102108,648
David BonenbergerPSU1,28945,158
SullivanPSU13,526473,680
David BonenbergerPSU32211,281
Vincent SorgiPSU161,1315,642,794
Joseph Bergstein Jr.PSU23,252814,292
Wendy StarkPSU38,7601,357,385
Joseph Bergstein Jr.RSU39,8431,395,302
Joseph Bergstein Jr.PSU14,533508,933
Wendy StarkPSU17,327606,801
Vincent SorgiPSU57,2142,003,637
Joseph Bergstein Jr.PSU5,813203,573
Vincent SorgiRSU144,8775,073,593
SullivanPSU5,410189,472
Wendy StarkPSU22,611791,841
SullivanPSU24,656863,458
Wendy StarkRSU28,310991,416
Wendy StarkPSU28,9951,015,418
Wendy StarkPSU4,497157,469
Wendy StarkPSU16,915592,360
David BonenbergerPSU12,411434,626
SullivanPSU42,2681,480,213
Wendy StarkPSU10,830379,251
David BonenbergerRSU39,1601,371,383
Wendy StarkRSU49,1261,720,393
Wendy StarkPSU4,332151,691
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation program reflects PPL s ongoing commitment to pay-for-performance, with executive compensation aligned to shareowner interests and linked to short- and long-term company performance.

CEO STI target (% of salary)130%
CEO LTI target (% of salary)
Independent consultantFW Cook
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-13580,083,93418,747,6372,196,38296.87%Passed
20252025-05-16570,487,22422,803,8492,417,81796.16%Passed
20242024-05-15550,664,17820,086,7642,781,34896.48%Passed
20232023-05-17505,452,07719,408,5892,769,67996.3%Passed
20222022-05-18473,775,77739,572,3113,286,42992.29%Passed
20212021-05-18524,789,33223,909,0943,289,40495.64%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-1396.87%a
20252025-05-1696.16%b
20242024-05-1596.48%c

a. Approved under the standard stated in the filing — “Abstentions will not be treated as votes cast and will have no effect on the outcome of the vote on this proposal.”.

b. Approved under the standard stated in the filing — “Abstentions will not be treated as votes cast and will have no effect on the outcome of the vote on this proposal.”.

c. Approved under the standard stated in the filing — “Abstentions will not be treated as votes cast and will have no effect on the outcome of the vote on this proposal.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)74 : 1
CEO total compensation$13,221,331
Median employee compensation$178,625
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Craig A. RogersonIndependent · Board Chair · Executive (Chair) · People and Compensation$320,000$170,000$0$0$10,000$500,000
Arthur P. BeattieIndependent · Audit (Chair)150,000170,0000010,000330,000
Phoebe A. WoodIndependent · Governance, Nominating and Sustainability (Chair) · People and Compensation145,000170,0000010,000325,000
Natica von AlthannIndependent · People and Compensation (Chair) · Finance · Executive · Not standing for re-election145,000170,000009,500324,500
Armando Zagalo de LimaIndependent · Finance (Chair) · Audit145,000170,000000315,000
Keith H. WilliamsonIndependent · Audit125,000170,0000010,000305,000
Linda G. SullivanIndependent · People and Compensation125,000170,000005,000300,000
Heather B. RedmanIndependent · Audit125,000170,000005,000300,000
Raja RajamannarIndependent · Audit125,000170,000000295,000
Vincent SorgiEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$125,000
Annual equity retainer$160,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)25,000 / 20,000 / 20,000
Stock ownership guideline5x annual cash retainer ($625,000)
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,405,000
Equity awards (grant-date value)$1,530,000
All other compensation$59,500
Total cost of the board$2,994,500

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies PPL Corp names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including PPL Corp.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1American Electric Power Company2025William Fehrman$1,505,769$29,339,782$0$4,290,000$36,601,524
2Sempra2025Jeffrey Martin1,700,0009,873,9164,580,017021,441,333
3Entergy Corporation2025Andrew Marsh1,286,3466,951,8931,647,4842,614,95016,752,589
4Dominion Energy2025Robert Blue1,287,5009,309,83004,421,31816,037,850
5Xcel Energy2025Bob Frenzel1,450,00011,244,16003,022,55415,998,859
6Eversource Energy2025Joseph R. Nolan, Jr.1,432,3089,020,89003,000,00014,987,168
7Ameren Corporation2025Martin Lyons1,325,0008,320,68003,323,57514,056,510
8Public Service Enterprise Group2025Ralph LaRossa1,386,0009,000,15302,563,40013,866,735
9FirstEnergy Corp.2025Brian Tierney1,505,7699,406,19602,394,00013,452,559
10PPL Corp2025Vincent Sorgi1,238,0607,865,24901,869,24813,221,331
11NiSource2025Lloyd Yates1,191,6679,619,86402,261,78413,197,800
12WEC Energy Group2025Scott Lauber1,205,7005,405,848990,2353,535,78912,188,492
13CenterPoint Energy2025Jason Wells1,226,9237,625,02302,583,75012,092,341
14CMS Energy Corporation2025Garrick Rochow1,275,0006,763,23902,055,93810,534,039
15Evergy2025David Campbell1,123,1427,004,44601,342,9699,537,018
16Alliant Energy Corporation2025Lisa Barton1,136,9375,471,25501,835,5638,999,073

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
PPL Corp116.14%PSU 80 · RSU 20Yes — Total Shareowner Return (TSR)FW Cook
Alliant Energy Corporation130%PSU 75 · RSU 25NoPay Governance LLC
Ameren Corporation193.3%PSU 70 · RSU 30NoMeridian Compensation Partners
American Electric Power Company174.9%PSU 75 · RSU 25Yes — Three-Year Total Shareholder Return of AEP vs. TSR Peer GroupMeridian Compensation Partners, LLC
CenterPoint Energy159%PSU 70 · RSU 30Yes — Relative TSRMeridian Compensation Partners, LLC
CMS Energy Corporation129%PSU 75 · RSU 25Yes — Relative TSR PerformancePay Governance LLC
Dominion Energy108%PSU 70 · MSU 30Yes — Relative TSR performancenot disclosed
Entergy Corporation149%PSU 60 · Options 20 · RSU 20Yes — Relative TSRPay Governance, LLC
Evergy95.5%PSU 70 · RSU 30Yes — Three Year Relative TSR versus Companies in the EEI IndexMeridian
Eversource Energy145%PSU 75 · RSU 25NoPay Governance
FirstEnergy Corp.106%PSU 60 · RSU 40Yes — Relative TSRFarient Advisors LLC
NiSource146%PSU 80 · RSU 20Yes — Three-Year RTSRMeridian Compensation Partners
Public Service Enterprise Groupnot disclosedPSU 70 · RSU 30Yes — Relative TSR versus peer panelCompensation Advisory Partners (CAP)
Sempranot disclosednot disclosednot disclosedExequity
WEC Energy Groupnot disclosedPSU 65 · RSU 20 · Option 15not disclosedFrederic W. Cook & Co., Inc.
Xcel Energy143.76%PSU 70 · RSU 30NoMeridian

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

FAQ

Frequently asked questions

Who was the highest-paid executive at PPL Corp in fiscal 2025?
As disclosed, the highest-paid executive at PPL Corp in fiscal 2025 was Vincent Sorgi, who served as President and Chief Executive Officer.
How does PPL Corp's chief executive pay compare to its disclosed peer group?
The filing shows that PPL Corp's chief executive pay was at the 40th percentile of its disclosed peer group.
What is PPL Corp's CEO-to-median employee pay ratio?
As disclosed, the CEO-to-median employee pay ratio was 74:1.
How did shareholders vote on PPL Corp's executive compensation?
Shareholders voted 96.87% in support of PPL Corp's executive compensation plan.
How much does PPL Corp spend in total on board compensation for fiscal 2025?
The company reported total board compensation for fiscal 2025 was $2,994,500.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Vincent SorgiDEF 14A2026-04-010001193125-26-135991Section “Summary Compensation Table (SCT)” · page 61. As printed: 13,221,331. Filing ↗machine: t139 · r2 · c21 · span 1822151–1822161
2Section 01, Joseph Bergstein Jr.DEF 14A2026-04-010001193125-26-135991Section “Summary Compensation Table (SCT)” · page 61. As printed: 4,864,120. Filing ↗machine: t139 · r5 · c21 · span 1853009–1853018
3Section 01, David BonenbergerDEF 14A2026-04-010001193125-26-135991Section “Summary Compensation Table (SCT)” · page 61. As printed: 3,983,246. Filing ↗machine: t139 · r13 · c21 · span 1934583–1934592
4Section 01, Francis SullivanDEF 14A2026-04-010001193125-26-135991Section “Summary Compensation Table (SCT)” · page 61. As printed: 3,500,956. Filing ↗machine: t139 · r15 · c21 · span 1954918–1954927
5Section 01, Wendy StarkDEF 14A2026-04-010001193125-26-135991Section “Summary Compensation Table (SCT)” · page 61. As printed: 2,976,097. Filing ↗machine: t139 · r8 · c21 · span 1883825–1883834
6Section 01, Dean Del VecchioDEF 14A2026-04-010001193125-26-135991Section “Summary Compensation Table (SCT)” · page 61. As printed: 2,899,721. Filing ↗machine: t139 · r11 · c21 · span 1914706–1914715
7Section 03, David Bonenberger PSUDEF 14A2026-04-010001193125-26-135991Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: t143 · r26 · c21 · span 2284522–2284528
8Section 03, Wendy Stark RSUDEF 14A2026-04-010001193125-26-135991Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: t143 · r14 · c21 · span 2174762–2174769
9Section 03, David Bonenberger RSUDEF 14A2026-04-010001193125-26-135991Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: t143 · r26 · c21 · span 2284522–2284528
10Section 03, Wendy Stark PSUDEF 14A2026-04-010001193125-26-135991Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: t143 · r14 · c21 · span 2174762–2174769
11Section 03, Francis X. Sullivan PSUDEF 14A2026-04-010001193125-26-135991Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: t143 · r34 · c21 · span 2357864–2357871
12Section 03, Francis X. Sullivan PSUDEF 14A2026-04-010001193125-26-135991Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: t143 · r35 · c21 · span 2367035–2367042
13Section 03, David Bonenberger RSUDEF 14A2026-04-010001193125-26-135991Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: t143 · r25 · c21 · span 2275424–2275431
14Section 03, Joseph Bergstein Jr. PSUDEF 14A2026-04-010001193125-26-135991Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: t129 · r4 · c5 · span 1681054–1681060
15Section 03, Dean Del Vecchio PSUDEF 14A2026-04-010001193125-26-135991Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: t143 · r19 · c21 · span 2220543–2220550
16Section 03, Vincent Sorgi RSUDEF 14A2026-04-010001193125-26-135991Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: t143 · r4 · c21 · span 2083183–2083192
17Section 03, Vincent Sorgi PSUDEF 14A2026-04-010001193125-26-135991Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: t143 · r4 · c21 · span 2083183–2083192
18Section 03, Wendy Stark PSUDEF 14A2026-04-010001193125-26-135991Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: t143 · r15 · c21 · span 2183933–2183940
19Section 03, Dean Del Vecchio RSUDEF 14A2026-04-010001193125-26-135991Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: t143 · r19 · c21 · span 2220543–2220550
20Section 03, David Bonenberger RSUDEF 14A2026-04-010001193125-26-135991Section “GRANTS OF PLAN-BASED AWARDS DURING 2025” · grants of plan-based awards table. Filing ↗machine: t143 · r24 · c21 · span 2266323–2266330
21Section 03, Dean Del Vecchio PSUDEF 14A2026-04-010001193125-26-135991Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: t143 · r20 · c21 · span 2229714–2229721
22Section 03, David Bonenberger PSUDEF 14A2026-04-010001193125-26-135991Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: t143 · r27 · c21 · span 2293692–2293699
23Section 03, Joseph Bergstein Jr. RSUDEF 14A2026-04-010001193125-26-135991Section “GRANTS OF PLAN-BASED AWARDS DURING 2025” · grants of plan-based awards table. Filing ↗machine: t122 · r4 · c5 · span 1590187–1590193
24Section 03, David Bonenberger PSUDEF 14A2026-04-010001193125-26-135991Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: t143 · r28 · c21 · span 2302859–2302865
25Section 03, Joseph Bergstein Jr. PSUDEF 14A2026-04-010001193125-26-135991Section “GRANTS OF PLAN-BASED AWARDS DURING 2025” · grants of plan-based awards table. Filing ↗machine: t122 · r4 · c5 · span 1590187–1590193
26Section 03, David Bonenberger PSUDEF 14A2026-04-010001193125-26-135991Section “GRANTS OF PLAN-BASED AWARDS DURING 2025” · grants of plan-based awards table. Filing ↗machine: t143 · r24 · c21 · span 2266323–2266330
27Section 03, Vincent Sorgi PSUDEF 14A2026-04-010001193125-26-135991Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: t143 · r5 · c21 · span 2092358–2092367
28Section 03, David Bonenberger PSUDEF 14A2026-04-010001193125-26-135991Section “GRANTS OF PLAN-BASED AWARDS DURING 2025” · grants of plan-based awards table. Filing ↗machine: t143 · r24 · c21 · span 2266323–2266330
29Section 03, Francis X. Sullivan PSUDEF 14A2026-04-010001193125-26-135991Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: t143 · r35 · c21 · span 2367035–2367042
30Section 03, Vincent Sorgi PSUDEF 14A2026-04-010001193125-26-135991Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: t143 · r4 · c21 · span 2083183–2083192
31Section 03, David Bonenberger PSUDEF 14A2026-04-010001193125-26-135991Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: t143 · r26 · c21 · span 2284522–2284528
32Section 03, Joseph Bergstein Jr. PSUDEF 14A2026-04-010001193125-26-135991Section “GRANTS OF PLAN-BASED AWARDS DURING 2025” · grants of plan-based awards table. Filing ↗machine: t122 · r4 · c5 · span 1590187–1590193
33Section 03, Dean Del Vecchio PSUDEF 14A2026-04-010001193125-26-135991Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: t143 · r19 · c21 · span 2220543–2220550
34Section 03, Wendy Stark PSUDEF 14A2026-04-010001193125-26-135991Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: t143 · r14 · c21 · span 2174762–2174769
35Section 07, pay ratioDEF 14A2026-04-010001193125-26-135991Section “CEO Pay Ratio”. As printed: 74 : 1. Filing ↗machine: span 177865–177869
36Section 08, Craig A. RogersonDEF 14A2026-04-010001193125-26-135991Section “Director Compensation”. As printed: 500,000. Filing ↗machine: t71 · r6 · c20 · span 937105–937112
37Section 08, Arthur P. BeattieDEF 14A2026-04-010001193125-26-135991Section “Director Compensation”. As printed: 330,000. Filing ↗machine: t71 · r3 · c20 · span 913011–913018
38Section 08, Phoebe A. WoodDEF 14A2026-04-010001193125-26-135991Section “Director Compensation”. As printed: 325,000. Filing ↗machine: t71 · r10 · c20 · span 969219–969226
39Section 08, Natica von AlthannDEF 14A2026-04-010001193125-26-135991Section “Director Compensation”. As printed: 324,500. Filing ↗machine: t71 · r8 · c20 · span 953162–953169
40Section 08, Armando Zagalo de LimaDEF 14A2026-04-010001193125-26-135991Section “Director Compensation”. As printed: 315,000. Filing ↗machine: t71 · r11 · c20 · span 977966–977973
41Section 08, Keith H. WilliamsonDEF 14A2026-04-010001193125-26-135991Section “Director Compensation”. As printed: 305,000. Filing ↗machine: t71 · r9 · c20 · span 961193–961200
42Section 08, Linda G. SullivanDEF 14A2026-04-010001193125-26-135991Section “Director Compensation”. As printed: 300,000. Filing ↗machine: t71 · r7 · c20 · span 945133–945140
43Section 08, Heather B. RedmanDEF 14A2026-04-010001193125-26-135991Section “Director Compensation”. As printed: 300,000. Filing ↗machine: t71 · r5 · c20 · span 929076–929083
44Section 08, Raja RajamannarDEF 14A2026-04-010001193125-26-135991Section “Director Compensation”. As printed: 295,000. Filing ↗machine: t71 · r4 · c20 · span 921039–921046
45Section 08, Vincent SorgiDEF 14A2026-04-010001193125-26-135991Section “Director Compensation”. As printed: 0. Filing ↗
46Section 02, Arthur P. Beattie 2026-04-01Form 42026-04-020001193125-26-140185Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Keith H. Williamson 2026-04-01Form 42026-04-020001193125-26-140240Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Phoebe A. Wood 2026-04-01Form 42026-04-020001193125-26-140231Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Heather B. Redman 2026-04-01Form 42026-04-020001193125-26-140175Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Linda G. Sullivan 2026-04-01Form 42026-04-020001193125-26-140161Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Armando Zagalo de Lima 2026-04-01Form 42026-04-020001193125-26-140132Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Natica von Althann 2026-04-01Form 42026-04-020001193125-26-140210Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Craig A. Rogerson 2026-04-01Form 42026-04-020001193125-26-140225Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Venkata R. Madabhushi 2026-04-01Form 42026-04-020001193125-26-140200Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Vincent Sorgi 2026-04-08Form 42026-04-090001193125-26-150019Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, David Bonenberger 2026-04-24Form 42026-04-280001193125-26-186945Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, David Bonenberger 2026-04-24Form 42026-04-280001193125-26-186945Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, David Bonenberger 2026-04-24Form 42026-04-280001193125-26-186945Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, Lonnie E. Bellar 2026-04-24Form 42026-04-280001193125-26-186999Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, Lonnie E. Bellar 2026-04-24Form 42026-04-280001193125-26-186999Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Lonnie E. Bellar 2026-04-24Form 42026-04-280001193125-26-186999Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, John Gregory Cornett 2026-06-12Form 42026-06-150001193125-26-271456Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, Arthur P. Beattie 2026-07-01Form 42026-07-020001193125-26-295016Insider equity transaction reported since the proxy statement. Filing ↗
64Section 02, Venkata R. Madabhushi 2026-07-01Form 42026-07-020001193125-26-295019Insider equity transaction reported since the proxy statement. Filing ↗
65Section 02, Armando Zagalo de Lima 2026-07-01Form 42026-07-020001193125-26-295040Insider equity transaction reported since the proxy statement. Filing ↗
66Section 02, Heather B. Redman 2026-07-01Form 42026-07-020001193125-26-295025Insider equity transaction reported since the proxy statement. Filing ↗
67Section 02, Keith H. Williamson 2026-07-01Form 42026-07-020001193125-26-295038Insider equity transaction reported since the proxy statement. Filing ↗
68Section 02, Phoebe A. Wood 2026-07-01Form 42026-07-020001193125-26-295033Insider equity transaction reported since the proxy statement. Filing ↗
69Section 02, Craig A. Rogerson 2026-07-01Form 42026-07-020001193125-26-295029Insider equity transaction reported since the proxy statement. Filing ↗
70Section 02, Linda G. Sullivan 2026-07-01Form 42026-07-020001193125-26-295023Insider equity transaction reported since the proxy statement. Filing ↗
71Section 02, Kenneth Michael Hartwick 2026-07-22Form 42026-07-230001193125-26-314078Insider equity transaction reported since the proxy statement. Filing ↗
72Section 06, 2026 voteForm 8-K2026-05-130000922224-26-000030Item 5.07 · say-on-pay result. As reported: 96.87% (votes for as printed: 580,083,934). Filing ↗
73Section 06, 2025 voteForm 8-K2025-05-190000922224-25-000024Item 5.07 · say-on-pay result. As reported: 96.16% (votes for as printed: 570,487,224). Filing ↗
74Section 06, 2024 voteForm 8-K2024-05-170000922224-24-000018Item 5.07 · say-on-pay result. As reported: 96.48% (votes for as printed: 550,664,178). Filing ↗
75Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
76Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
77Section 09b board cost (computed)ComputedcomputedCash 1,405,000 + equity 1,530,000 + all other 59,500 = 2,994,500, summed across the director compensation table rows.machine: formula: Σ = 2,994,500
78American Electric Power Company, Section 10b CEO totalDEF 14A2026-03-180000004904-26-000022CEO total compensation as printed in American Electric Power Company's own proxy. As printed: 36,601,524. Filing ↗machine: t38 · r3 · c22 · span 948915–948925
79Sempra, Section 10b CEO totalDEF 14A2026-03-270001193125-26-127603CEO total compensation as printed in Sempra's own proxy. As printed: 21,441,333. Filing ↗machine: r6 · c23 · span 1678334–1678345
80Entergy Corporation, Section 10b CEO totalDEF 14A2026-03-270000065984-26-000211CEO total compensation as printed in Entergy Corporation's own proxy. As printed: 16,752,589. Filing ↗machine: r3 · c27 · span 1089446–1089457
81Dominion Energy, Section 10b CEO totalDEF 14A2026-03-190001193125-26-115180CEO total compensation as printed in Dominion Energy's own proxy. As printed: 16,037,850. Filing ↗machine: r4 · c20 · span 2345967–2345977
82Xcel Energy, Section 10b CEO totalDEF 14A2026-04-070000072903-26-000063CEO total compensation as printed in Xcel Energy's own proxy. As printed: 15,998,859. Filing ↗machine: r2 · c24 · span 898797–898807
83Eversource Energy, Section 10b CEO totalDEF 14A2026-03-270001104659-26-036077CEO total compensation as printed in Eversource Energy's own proxy. As printed: 14,987,168. Filing ↗machine: t46 · r1 · c41 · span 1205602–1205612
84Ameren Corporation, Section 10b CEO totalDEF 14A2026-03-310001104659-26-037756CEO total compensation as printed in Ameren Corporation's own proxy. As printed: 14,056,510. Filing ↗machine: r1 · c47 · span 1200840–1200850
85Public Service Enterprise Group, Section 10b CEO totalDEF 14A2026-03-120001193125-26-104270CEO total compensation as printed in Public Service Enterprise Group's own proxy. As printed: 13,866,735. Filing ↗machine: t131 · r4 · c19 · span 2441876–2441886
86FirstEnergy Corp., Section 10b CEO totalDEF 14A2026-04-010001193125-26-138029CEO total compensation as printed in FirstEnergy Corp.'s own proxy. As printed: 13,452,559. Filing ↗machine: span 2403220–2403230
87PPL Corp (subject), Section 10b CEO totalDEF 14A2026-04-010001193125-26-135991CEO total compensation as printed in PPL Corp's own proxy. As printed: 13,221,331. Filing ↗machine: t139 · r2 · c21 · span 1822151–1822161
88NiSource, Section 10b CEO totalDEF 14A2026-03-300001140361-26-011851CEO total compensation as printed in NiSource's own proxy. As printed: 13,197,800. Filing ↗machine: t253 · r2 · c22 · span 1412582–1412592
89WEC Energy Group, Section 10b CEO totalDEF 14A2026-03-260000783325-26-000035CEO total compensation as printed in WEC Energy Group's own proxy. As printed: 12,188,492. Filing ↗machine: r4 · c27 · span 797676–797686
90CenterPoint Energy, Section 10b CEO totalDEF 14A2026-03-040001104659-26-023457CEO total compensation as printed in CenterPoint Energy's own proxy. As printed: 12,092,341. Filing ↗machine: r1 · c54 · span 1435451–1435461
91CMS Energy Corporation, Section 10b CEO totalDEF 14A2026-03-260000811156-26-000015CEO total compensation as printed in CMS Energy Corporation's own proxy. As printed: 10,534,039. Filing ↗machine: r3 · c42 · span 736929–736939
92Evergy, Section 10b CEO totalDEF 14A2026-03-260001140361-26-011357CEO total compensation as printed in Evergy's own proxy. As printed: 9,537,018. Filing ↗machine: r2 · c25 · span 1518390–1518399
93Alliant Energy Corporation, Section 10b CEO totalDEF 14A2026-03-310000352541-26-000025CEO total compensation as printed in Alliant Energy Corporation's own proxy. As printed: 8,999,073. Filing ↗machine: r2 · c27 · span 489074–489084
94Section 10a, CenterPoint Energy reciprocityDEF 14A0001104659-26-023457CenterPoint Energy names PPL Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
95Section 10a, Dominion Energy reciprocityDEF 14A0001193125-26-115180Dominion Energy's most recent proxy was read; its disclosed peer group does not include PPL Corp. Filing ↗
96Section 10a, WEC Energy Group reciprocityDEF 14A0000783325-26-000035WEC Energy Group names PPL Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
97Section 10a, Evergy reciprocityDEF 14A0001140361-26-011357Evergy names PPL Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
98Section 10a, Alliant Energy Corporation reciprocityDEF 14A0000352541-26-000025Alliant Energy Corporation names PPL Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
99Section 10a, NiSource reciprocityDEF 14A0001140361-26-011851NiSource names PPL Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
100Section 10a, Entergy Corporation reciprocityDEF 14A0000065984-26-000211Entergy Corporation's most recent proxy was read; its disclosed peer group does not include PPL Corp. Filing ↗
101Section 10a, Sempra reciprocityDEF 14A0001193125-26-127603Sempra's most recent proxy was read; its disclosed peer group does not include PPL Corp. Filing ↗
102Section 10a, Xcel Energy reciprocityDEF 14A0000072903-26-000063Xcel Energy names PPL Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
103Section 10a, CMS Energy Corporation reciprocityDEF 14A0000811156-26-000015CMS Energy Corporation names PPL Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
104Section 10a, Eversource Energy reciprocityDEF 14A0001104659-26-036077Eversource Energy names PPL Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
105Section 10a, American Electric Power Company reciprocityDEF 14A0000004904-26-000022American Electric Power Company names PPL Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗