Crockett John R III, president of a PPL subsidiary, has filed 36 Form 4 transactions with the SEC, all involving a single ticker: PPL. The aggregate figures show a clear sell-side bias: roughly $629,947 in total open-market sales against zero open-market purchases, with no acquisitions reported. That said, the pattern is dominated by mechanical events rather than discretionary trading. The most recent filings, dated February 20, 2026, reflect an option exercise (code M) valued at $345,459 paired with a tax-withholding share surrender (code F) of $155,638—a routine combination that nets no cash inflow to the insider. Similar paired M/F transactions appear throughout January 2026 and early 2025, including a January 29, 2026 exercise worth $712,511 offset by a $253,008 withholding, and a January 30, 2025 exercise of $621,538 against a $220,902 surrender.
The only outright open-market sale (code S) in the recent window occurred on August 27, 2025, when Crockett sold PPL shares valued at $577,319. A smaller sale of $52,628 took place on January 27, 2025. These two discretionary sales, combined with the absence of any purchases, suggest a net reduction in his PPL stake over the past year. However, the bulk of activity—grants (code A) with zero value, option exercises, and automatic tax withholdings—reflects compensation mechanics rather than conviction trades. Since the start of 2025, Crockett has exercised options worth over $2.5 million in aggregate, but nearly all of those shares were immediately surrendered to cover taxes, leaving his actual holdings relatively stable. The data shows no recent open-market buying, and the last discretionary sale was roughly six months ago, indicating a passive, compensation-driven pattern rather than an active trading strategy.
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