Dean A. Del Vecchio - Feb 19, 2024 Form 4 Insider Report for PPL Corp (PPL)

Role: EVP and CTIO
Signature: /s/ W. Eric Marr, as Attorney-In-Fact for Dean A. Del Vecchio
Stock symbol: PPL
Transactions as of: Feb 19, 2024
Transactions value $: $0
Form type: 4
Date filed: 2/20/2024, 04:42 PM

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	+37.9K		$0.00	37.9K	Feb 19, 2024	Common Stock	37.9K		Direct	F1, F2
transaction	PPL	Performance Stock Unit (SIP)	Award	$0	+24.2K		$0.00	24.2K	Feb 19, 2024	Common Stock	24.2K		Direct	F3
transaction	PPL	Performance Stock Unit (SIP)	Award	$0	+12.1K		$0.00	12.1K	Feb 19, 2024	Common Stock	12.1K		Direct	F4
transaction	PPL	Performance Stock Unit (SIP)	Award	$0	+12.1K		$0.00	12.1K	Feb 19, 2024	Common Stock	12.1K		Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
F2	The units will vest on 02/19/2027.
F3	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.
F4	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.
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 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.