Arthur Beattie

About Arthur P. Beattie

Arthur P. Beattie (age 70) is an independent director of PPL Corporation, serving since 2020, and currently chairs the Audit Committee while also serving on the Executive and Finance Committees . He is the retired EVP, CFO and Chief Risk Officer of Southern Company, bringing 40+ years of regulated utility finance, capital markets, accounting, and enterprise risk expertise; he is designated an audit committee financial expert at PPL . Board attendance was strong in 2024 (six Board meetings; 25 total Board and committee meetings), with average director attendance at 99% and no director below 75%, and all directors attended the 2024 Annual Meeting . The Board determined Mr. Beattie is independent under NYSE standards, with no facts or circumstances impairing independence in 2025 .

Past Roles

Organization	Role	Tenure	Committees/Impact
Southern Company	EVP, CFO & Chief Risk Officer	2010–2018	Led finance, capital markets, reporting, and enterprise risk management for large-cap regulated utility holding company .
Alabama Power Company (Southern subsidiary)	EVP & CFO	2005–2010	Senior leadership in a regulated utility; financial oversight .
Alabama Power Company	VP, Comptroller & Treasurer; other officer/management roles	Pre-2005 (nearly three decades)	Deep operating finance and controls experience in regulated utility context .
Emageon, Inc.	Independent Director; Audit Committee Chair	Pre-2009 (company acquired in 2009)	Audit leadership and governance at a public company board .
Alabama Power Foundation	Board Member & Treasurer	21 years	Compliance oversight with IRS regulations; philanthropic governance .

External Roles

Organization	Role	Tenure	Committees/Impact
Alabama Power Foundation	Board Member & Treasurer	21 years	Oversight of compliance and governance for charitable foundation .
Emageon, Inc.	Independent Director; Audit Chair	Pre-2009	Audit leadership at public company; prior to acquisition .

Board Governance

Committee assignments: Audit Committee (Chair), Executive Committee, Finance Committee .
Independence: Determined independent; nine of ten directors are independent; no impairing circumstances in 2025 .
Audit committee financial expert: All Audit Committee members designated as “audit committee financial experts” .
Attendance and engagement: 2024 Board met six times; total Board/committee meetings were 25; average attendance 99%; no director below 75%; all directors attended the 2024 Annual Meeting .
Governance practices: Independent Chair; proxy access; anti-hedging/anti-pledging policy; mandatory retirement age 75; limits on other boards; annual evaluations; executive sessions without management .

Fixed Compensation

Component	2024 Amount (USD)	Notes
Annual cash retainer (non-employee directors)	$125,000	Standard cash retainer .
Audit Committee Chair fee	$25,000	Additional cash retainer for AC Chair .
Deferred Stock Units (annual)	$160,000	Mandatory DSUs; grant-date fair value; quarterly grants .
2024 cash received/deferred by Beattie	$75,000 (paid); $75,000 (deferred into RSUs)	Total cash retainer recorded $150,000 .
2024 stock awards (Beattie)	$160,000	DSUs (mandatorily deferred portion) .
All other compensation (Beattie)	$10,000	Charitable matching gift program .
Total 2024 director compensation (Beattie)	$320,000	Sum of components .

Mix and alignment: For 2024, Beattie’s equity component was $160,000 (50% of total), cash component $150,000 (~46.9%), and other compensation $10,000 (~3.1%), derived from the proxy table .

Performance Compensation

Directors do not receive performance-based pay (no bonus, PSU/option awards, or performance metrics disclosed for directors); compensation consists of cash retainers and DSUs, with optional deferrals under the DDCP .

Other Directorships & Interlocks

Company	Role	Current/Prior	Notes
Emageon, Inc.	Independent Director; Audit Chair	Prior	Pre-acquisition in 2009; no current public company directorships for Beattie disclosed .

Interlocks/conflicts: No material related-party transactions with directors disclosed; GNSC oversees and would prohibit any transaction inconsistent with shareholder interests .

Expertise & Qualifications

Core skills: Risk Management; Capital Markets, Finance & Accounting; Operations Experience & Safety; Regulated Utility Experience .
Utility sector depth: 40+ years in regulated utilities including CFO/CRO responsibilities, M&A experience relevant to PPL’s strategic repositioning .

Equity Ownership

Measure	Value	Notes
Beneficial ownership (as of Mar 3, 2025)	38,926 shares	Consists of stock units credited to DDCP (deferred stock account) .
DSUs outstanding (as of Dec 31, 2024)	36,729 units	Aggregate DSUs including dividend equivalents .
Ownership policy	5x annual cash retainer within 5 years	Directors must hold at least five times cash retainer; Beattie (less than 5 years as of 12/31/24) on track to comply .
Hedging/pledging	Prohibited by policy	Insider trading policy includes anti-hedging and anti-pledging .

Governance Assessment

Strengths: Independent AC Chair with audit financial expert designation; deep regulated utility finance/risk background; high attendance; robust governance framework (anti-hedging/pledging, proxy access, independent Chair) supports investor confidence .
Alignment: Significant equity via DSUs and ownership guidelines, with Beattie on track to meet 5x cash retainer requirement within five years; mandatory deferrals and DSUs link director incentives to long-term shareholder value .
Conflicts/RED FLAGS: No related-party transactions; Board limits on outside boards; no attendance issues; no pledging; no director-specific SEC delinquencies noted; therefore, no governance red flags identified for Beattie at PPL .

Overall, Beattie’s audit leadership and risk disciplines, combined with independence and strong attendance, indicate solid board effectiveness and low conflict risk for PPL investors .