Read rule 9 as well rule 14 clearly states PK taker (MUST) kick the ball forward. So handball red card. Rule does not say player ( May) pick up ball with his hands.
Correct me if I am wrong. When the PK shooter sets the ball on the spot and ref blows whistle ball is live. If shooter bends down and re adjusts ball with hands it's a handball. This is what Metro Fords last shooter did.