Marlene C. Beers - 25 Jan 2024 Form 4 Insider Report for PPL Corp (PPL)

Signature
/s/ W. Eric Marr, as Attorney-In-Fact for Marlene C. Beers
Issuer symbol
PPL
Transactions as of
25 Jan 2024
Net transactions value
+$186,958
Form type
4
Filing time
29 Jan 2024, 16:41:37 UTC
Previous filing
23 Jan 2024
Next filing
17 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PPL Common Stock Options Exercise $169,729 +6,571 +28% $25.83 30,017 25 Jan 2024 Direct
transaction PPL Common Stock Tax liability $56,077 -2,171 -7.2% $25.83 27,846 25 Jan 2024 Direct F1
transaction PPL Common Stock Options Exercise $102,881 +3,983 +14% $25.83 31,829 25 Jan 2024 Direct
transaction PPL Common Stock Tax liability $29,575 -1,145 -3.6% $25.83 30,684 25 Jan 2024 Direct F1
holding PPL Common Stock 1,500 25 Jan 2024 Has investment power over shares owned by family member.

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PPL Stock Unit (SIP) Award $0 +2,287 $0.000000 2,287 25 Jan 2024 Common Stock 2,287 Direct F2, F3, F4
transaction PPL Performance Stock Unit (SIP) Award $0 +4,573 $0.000000 4,573 25 Jan 2024 Common Stock 4,573 Direct F5, F6
transaction PPL Performance Stock Unit (SIP) Award $0 +2,287 $0.000000 2,287 25 Jan 2024 Common Stock 2,287 Direct F6, F7
transaction PPL Performance Stock Unit (SIP) Award $0 +2,287 $0.000000 2,287 25 Jan 2024 Common Stock 2,287 Direct F6, F8
transaction PPL Performance Stock Unit (SIP) Options Exercise $0 -6,571 -100% $0.000000* 0 25 Jan 2024 Common Stock 6,571 Direct F6, F9, F10
transaction PPL Performance Stock Unit (SIP) Options Exercise $0 -3,983 -100% $0.000000* 0 25 Jan 2024 Common Stock 3,983 Direct F6, F10, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld by the company at the request of the executive officer to pay taxes due following expiration of the applicable restriction period, under the terms of the Stock Incentive Plan (SIP).
F2 No conversion or exercise price applies. Under the terms of the Stock Incentive Plan (SIP), a restricted stock unit converts to a share of common stock on the applicable vesting date.
F3 The units will vest on 01/25/2027.
F4 As of 01/29/2024, total restricted stock units beneficially owned is 9,134.113. This total includes the 06/15/2021 grant of 1,919.618 restricted stock units, the 01/27/2022 grant of 1,992.17 restricted stock units, the 05/25/2022 grant of 905.808 restricted stock units, and the 01/20/2023 grant of 2,029.517 restricted stock units, plus in each case, the incremental addition of restricted stock units credited to the original grant in amounts equal to dividend equivalents deemed earned on shares underlying such restricted stock units, and the 01/25/2024 grant of 2,287 restricted stock units.
F5 No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), all, some or none of the underlying securities will be earned depending on the Company's performance relative to an industry peer group over a three-year performance period ending 12/31/2026. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2027.
F6 As of 01/29/2024, total performance units beneficially owned is 25,231.634. This total includes the three 01/27/2022 grants of (a) 3,983.265, (b) 1,992.17, and (c) 1,992.17 performance units and the three 01/20/2023 grants of (a) 4,057.995, (b) 2,029.517, and (c) 2,029.517 performance units, plus in each case, the incremental addition of performance units credited to the original grant in amounts equal to dividend equivalents deemed earned on shares underlying such performance units, and the three 01/25/2024 grants of (a) 4,573, (b) 2,287, and (c) 2,287 performance units.
F7 No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), all, some or none of the underlying securities will be earned depending on the Company's earnings growth over a three-year performance period ending 12/31/2026. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2027.
F8 No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), all, some or none of the underlying securities will be earned depending on the Company's achievement of certain ESG-related metrics over a three-year performance period ending 12/31/2026. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2027.
F9 No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), the underlying securities were earned (165%) based on the Company's return on equity over a one-year performance period ending 12/31/2021. Determination of the percentage of the award earned was made by the People and Compensation Committee on 01/21/2022 and calculation of the underlying shares to be delivered, net of withholding, was completed on 01/25/2024.
F10 Total includes the reinvestment of dividends.
F11 No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), the underlying securities were earned (100%) based on the Company's performance relative to an industry peer group over a three-year performance period ending 12/31/2023. Determination of the percentage of the award earned was made by the People and Compensation Committee on 01/25/2024 and calculation of the underlying shares to be delivered, net of withholding, was completed on 01/25/2024.