PPL Corporation management check
PPL · Utilities · Electric Utilities · CEO Mr. Sorgi
Filings as of
4 good · 2 to watch · 0 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2021 grew to $150, against $144 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.75 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Watch
What does the CEO cost owners?
1.1% of net income$13.2m of reported pay in fiscal 2025, against $1.2bn of net income.
- n/a
Do they own the stock?
No recent CEO filingLight activity: no buys, $441k sold in six months. 2 of 2 sales ran on pre-arranged 10b5-1 plans.
- Watch
Are owners being diluted?
Share count growingDiluted shares changed +0.4% a year over the last three fiscal years. Stock-based pay was 0.5% of revenue in the latest year.
- Good
Is leadership stable?
3 leadership filings in 3 yearsCEO in the pay table: Mr. Sorgi. 3 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Utilities.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 55 | 53 | |
| Pay for performance | 87 | 81 | |
| CEO cost | 46 | 50 | |
| Skin in the game | — | — | 45 |
| Dilution | 46 | 37 | |
| Stable leadership | 100 | 80 | |
| Clean books | 100 | 100 |
Closest peers
Others in Electric Utilities, by management score. PPL Corporation is 5th of 30 in its sector.
- 30CEGConstellation Energy84
- 62VSTVistra Corp.79
- 143EIXEdison International72
- 145PPLPPL Corporation72
- 252EVRGEvergy64
- 254PEGPublic Service Enterprise Group64
- 270ETREntergy63
- 285LNTAlliant Energy62
- 338EXCExelon59
- 354ESEversource Energy58
Pay versus performance
From the proxy statement filed April 1, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Mr. Sorgi | $13.2m | $15.9m | $3.6m | $150 | $144 | $1.2bn |
| 2024 | — | $11.4m | $21.1m | $3.5m | $135 | $129 | $888.0m |
| 2023 | — | $12.0m | $10.7m | $3.0m | $109 | $108 | $740.0m |
| 2022 | — | $9.1m | $9.1m | $2.7m | $113 | $118 | $756.0m |
| 2021 | — | $11.4m | $11.5m | $4.0m | $113 | $117 | −$1.5bn |
The board says pay is tied most to Corporate EPS.. Its other key measures: Corporate Earnings Per Share (Corporate EPS), Critical Corporate Initiatives, Earnings Growth (EG), Long-Term Sustainability (LTS), Operational Goals, Relative Total Shareowner Return (TSR).
Insiders and the CEO's stake
Light activity: no buys, $441k sold in six months. 2 of 2 sales ran on pre-arranged 10b5-1 plans.
- SoldJohn Gregory CornettPresident of a PPL Subsidiary · 10b5-1 plan$251kJun 12, 2026
- SoldWendy E StarkEVP & CLO · 10b5-1 plan$190kOct 15, 2026
Leadership and governance on file
- Jun 30, 2026Leadership change8-K 5.02
- May 13, 2026Leadership change8-K 5.02
- Jan 15, 2025Leadership change8-K 5.02
- Jan 11, 2023Leadership change8-K 5.02
- Jan 5, 2023Leadership change8-K 5.02
Latest shareholder vote results: May 13, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $5.3bn returned to owners in buybacks and dividends, 255% of net income, and $202.0m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $5.8bn | $7.8bn | $8.3bn | $8.4bn | $9.2bn |
| Net income | −$1.5bn | $756.0m | $740.0m | $888.0m | $1.2bn |
| Stock-based pay | $37.0m | $37.0m | $33.0m | $46.0m | $49.0m |
| Buybacks | $1.0bn | $0 | $0 | — | — |
| Dividends | $1.3bn | $787.0m | $704.0m | $747.0m | $794.0m |
| Diluted shares | 765m | 737m | 738m | 740m | 743m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.