01—Abstract
Summary
Summary of the 8-K filed May 13, 2026. Cited figures are marked; the original filing is the authoritative source.
PPL Corporation's 8-K reports the results of its May 13, 2026 Annual Meeting of Shareowners.
Shareowners approved the PPL Corporation Second Amended and Restated 2012 Stock Incentive Plan (the "Second A&R SIP"), which became effective upon approval on that date. A detailed summary of the plan is set forth in Proposal 3 of the company's definitive proxy statement filed April 1, 2026, and the full plan text is filed as Exhibit 10.1. All nine director nominees were elected.
Shareowners also approved, on an advisory basis, the 2025 compensation of the named executive officers, with 580,083,934 votes for, 18,747,637 against, and 2,196,382 abstaining. Deloitte & Touche LLP was ratified as independent registered public accounting firm for the year ending December 31, 2026, with 662,634,703 votes for, 6,313,167 against, and 1,092,164 abstaining.
For investors, the filing is primarily a governance and compensation update. The most notable item is the approval of the expanded equity incentive plan, while director elections and the say-on-pay and auditor votes all passed with large majorities.
02—Key points
Key Highlights
- Shareowners approved the PPL Corporation Second Amended and Restated 2012 Stock Incentive Plan, effective May 13, 2026.
- All nine director nominees were elected, including Arthur P. Beattie, Raja Rajamannar, Heather B. Redman, Craig A. Rogerson, Vincent Sorgi, Linda G. Sullivan, Keith H. Williamson, Phoebe A. Wood, and Armando Zagalo de Lima.
- Advisory say-on-pay vote on 2025 named executive officer compensation: 580,083,934 for, 18,747,637 against, 2,196,382 abstain, and 69,012,081 broker non-votes.
- Equity plan approval vote: 582,471,858 for, 16,548,521 against, 2,007,574 abstain, and 69,012,081 broker non-votes.
- Deloitte & Touche LLP was ratified as the independent registered public accounting firm for fiscal year 2026, with 662,634,703 votes for and 6,313,167 against.
- Phoebe A. Wood received the most against votes among directors (17,856,806), while Raja Rajamannar and Craig A. Rogerson also drew notable opposition.
03—Questions
Frequently Asked Questions
What did shareowners approve regarding equity compensation?
Shareowners approved the PPL Corporation Second Amended and Restated 2012 Stock Incentive Plan, which became effective upon approval at the May 13, 2026 Annual Meeting. The plan's material features are described in Proposal 3 of the April 1, 2026 proxy statement, and the full text is filed as Exhibit 10.1.
Were all board nominees elected?
Yes. All nine nominees for director were elected at the Annual Meeting. Each nominee received substantially more votes for than against, with against votes ranging from 2,708,599 to 17,856,806.
How did shareowners vote on executive pay?
Shareowners approved, on an advisory basis, the 2025 compensation of the named executive officers, with 580,083,934 votes for and 18,747,637 votes against, plus 2,196,382 abstentions and 69,012,081 broker non-votes.
Was the independent auditor approved?
Yes. Shareowners ratified Deloitte & Touche LLP as the independent registered public accounting firm for the year ending December 31, 2026, with 662,634,703 votes for, 6,313,167 against, and 1,092,164 abstentions.
04—Continue