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PPL Corp Executive Compensation (FY25)

PPL · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 13, 2026
422 figures on this page: 413 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
Vincent Sorgi was paid $13,221,331 in total compensation as President and Chief Executive Officer for fiscal 2025, and Sorgi's total moved 16.4% higher from the $11,355,743 reported for fiscal 2024. The company reported a chief executive pay ratio of 74:1 for fiscal 2025, against median employee compensation of $178,625. Shareholders supported the say-on-pay proposal with 96.9% of votes cast for or against in favor at the meeting held May 13, 2026 for fiscal 2025. Companies named in the disclosed peer group include Alliant Energy Corporation, Ameren Corporation, American Electric Power Company, CenterPoint Energy and CMS Energy Corporation, among others.
Chief executive, fiscal 2025
◇
Vincent Sorgi
Median of the other named officers
$3,500,956
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 13, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Vincent Sorgi: $11,355,743 → $13,221,331 (16.4% higher)
Say-on-pay support: 96.2% → 96.9% (0.7 points higher)
CEO pay ratio: 68:1 → 74:1 (8.8% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is PPL Corp's chief executive and what were they paid?
Vincent Sorgi was paid $13,221,331 in total compensation as President and Chief Executive Officer for fiscal 2025. Sorgi's total moved 16.4% higher from the $11,355,743 reported for fiscal 2024.
What was PPL Corp's say-on-pay result?
Shareholders supported the say-on-pay proposal with 96.9% of votes cast for or against in favor at the meeting held May 13, 2026 for fiscal 2025.
Which companies are in PPL Corp's peer group?
Companies named in the disclosed peer group include Alliant Energy Corporation, Ameren Corporation, American Electric Power Company, CenterPoint Energy and CMS Energy Corporation, among others.
What is PPL Corp's chief executive pay ratio?
The company reported a chief executive pay ratio of 74:1 for fiscal 2025, against median employee compensation of $178,625.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Vincent Sorgi
President and Chief Executive Officer
◇—◇—◇—◇◇
Gregory Dudkin
Executive Vice President and Chief Operating Officer
◇—◇—◇—◇◇
Joseph Bergstein Jr.
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Wendy Stark
Senior Vice President, General Counsel, Corporate Secretary and Chief Legal Officer
◇—◇—◇—◇◇
John Crockett III
President, LG&E and KU Energy LLC
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Vincent Sorgi
President and Chief Executive Officer
◇—◇—◇◇◇◇
Joseph Bergstein Jr.
Executive Vice President and Chief Financial Officer
◇—◇—◇◇◇◇
Stephanie Raymond
Former President, PPL Electric Utilities Corporation
Departed during or after this year
◇—◇——◇◇◇
Wendy Stark
Executive Vice President, Chief Legal Officer and Corporate Secretary
◇◇◇—◇—◇◇
Francis Sullivan
Executive Vice President and Chief Operating Officer
◇—◇—◇—◇◇
John Crockett III
President, LG&E and KU Energy LLC
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Vincent Sorgi
President and Chief Executive Officer
◇—◇—◇◇◇◇
Dean Del Vecchio
Executive Vice President and Chief Technology & Innovation Officer
◇◇◇—◇—◇◇
Joseph Bergstein Jr.
Executive Vice President and Chief Financial Officer
◇—◇—◇◇◇◇
Francis Sullivan
Executive Vice President and Chief Operating Officer
◇—◇—◇—◇◇
Wendy Stark
Executive Vice President - Utilities and Chief Legal Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Vincent Sorgi
President and Chief Executive Officer
◇—◇—◇◇◇◇
Joseph Bergstein Jr.
Executive Vice President and Chief Financial Officer
◇—◇—◇◇◇◇
David Bonenberger
Executive Vice President and Chief Operating Officer - Utilities
◇—◇—◇◇◇◇
Francis Sullivan
Former Executive Vice President and Chief Operating Officer
Departed during or after this year
◇—◇—◇—◇◇
Wendy Stark
Executive Vice President - Utilities and Chief Legal Officer
◇—◇—◇—◇◇
Dean Del Vecchio
Executive Vice President and Chief Technology & Innovation Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
David J. BonenbergerPSU◇◇◇◇◇—◇
David J. BonenbergerPSU◇◇◇◇◇—◇
David J. BonenbergerRSU◇——◇——◇
David J. BonenbergerPSU◇◇◇◇◇—◇
David J. BonenbergerPSU◇◇◇◇◇—◇
David J. BonenbergerPSU◇◇◇◇◇—◇
David J. BonenbergerRSU◇——◇——◇
David J. BonenbergerPSU◇◇◇◇◇—◇
David J. BonenbergerRSU◇——◇——◇
Dean A. Del VecchioPSU◇◇◇◇◇—◇
Dean A. Del VecchioPSU◇◇◇◇◇—◇
Dean A. Del VecchioRSU◇——◇——◇
Dean A. Del VecchioPSU◇◇◇◇◇—◇
Francis X. SullivanPSU◇◇◇◇◇—◇
Francis X. SullivanPSU◇◇◇◇◇—◇
Francis X. SullivanPSU◇◇◇◇◇—◇
Joseph P. Bergstein Jr.PSU◇◇◇◇◇—◇
Joseph P. Bergstein Jr.PSU◇◇◇◇◇—◇
Joseph P. Bergstein Jr.PSU◇◇◇◇◇—◇
Joseph P. Bergstein Jr.RSU◇——◇——◇
Vincent SorgiPSU◇◇◇◇◇—◇
Vincent SorgiPSU◇◇◇◇◇—◇
Vincent SorgiPSU◇◇◇◇◇—◇
Vincent SorgiRSU◇——◇——◇
Wendy E. StarkPSU◇◇◇◇◇—◇
Wendy E. StarkPSU◇◇◇◇◇—◇
Wendy E. StarkRSU◇——◇——◇
Wendy E. StarkPSU◇◇◇◇◇—◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Vincent SorgiPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Joseph Bergstein Jr.PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
David BonenbergerPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Francis SullivanPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Wendy StarkPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Craig A. Rogerson
Board chair
◇◇———◇◇
Arthur P. Beattie
◇◇———◇◇
Phoebe A. Wood
◇◇———◇◇
Natica von Althann
◇◇———◇◇
Armando Zagalo de Lima
◇◇————◇
Keith H. Williamson
◇◇———◇◇
Heather B. Redman
◇◇———◇◇
Linda G. Sullivan
◇◇———◇◇
Raja Rajamannar
◇◇————◇
Vincent Sorgi served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as Deferred Stock Units.
Stock ownership guideline: 5x annual cash retainer ($625,000)

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Alliant Energy Corporation LNT
  • Ameren Corporation AEE
  • American Electric Power Company AEP
  • CenterPoint Energy CNP
  • CMS Energy Corporation CMS
  • Dominion Energy D
  • Entergy Corporation ETR
  • Evergy EVRG
  • Eversource Energy ES
  • FirstEnergy Corp. FE
  • NiSource NI
  • Public Service Enterprise Group PEG
  • Sempra SRE
  • WEC Energy Group WEC
  • Xcel Energy XEL

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 13, 2026=◇◇◇
2024May 16, 2025=◇◇◇
2023May 15, 2024=◇◇◇
2022May 17, 2023=◇◇◇
2021May 18, 2022=◇◇◇
2020May 18, 2021=◇◇◇
2019May 13, 2020=◇◇◇
2018May 14, 2019=◇◇◇
2017May 16, 2018=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact PPL Corp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where PPL Corp sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
422 figures on this page: 413 cited to the filing that reported them, 9 calculated from figures it prints.
413 cited to the filing
9 calculated from the filing

Documents cited

  1. 0000922224-26-000030
  2. 0001193125-26-135991
    CEO Pay Ratio · Compensation of Directors · Director Compensation · GRANTS OF PLAN-BASED AWARDS DURING 2025 · and 3 more sections
  3. 0000922224-25-000024
  4. 0000950170-25-048978
    Summary Compensation Table (SCT)
  5. 0000922224-24-000018
  6. 0000950170-24-040720
    Summary Compensation Table
  7. 0000922224-23-000033
  8. 0001193125-23-090601
    SUMMARY COMPENSATION TABLE · Summary Compensation Table
  9. 0000922224-22-000026
  10. 0000922224-21-000023
  11. 0000922224-20-000028
  12. 0000922224-19-000038
  13. 0000922224-18-000040
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Velarion, “PPL Corp executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/PPL (accessed 2026).
Short form: data: Velarion
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Utilities rankings

Chief executive pay — UtilitiesCEO pay ratio — UtilitiesSay-on-pay support — Utilities

Peers PPL Corp discloses

The companies named in PPL's own disclosed peer group.

Alliant Energy CorporationAmeren CorporationAmerican Electric Power CompanyCenterPoint EnergyCMS Energy CorporationDominion EnergyEntergy CorporationEvergyEversource EnergyFirstEnergy Corp.NiSourcePublic Service Enterprise GroupSempraWEC Energy GroupXcel Energy

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy