Lonnie E. Bellar - 31 Mar 2025 Form 3 Insider Report for PPL Corp (PPL)

Role: SVP-Eng, Constr and Gen
Signature: /s/ W. Eric Marr, as Attorney-In-Fact for Lonnie E. Bellar
Issuer symbol: PPL
Transactions as of: 31 Mar 2025
Net transactions value: $0
Form type: 3
Filing time: 09 Apr 2025, 16:13:48 UTC
Next filing: 29 Apr 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	PPL	Common Stock						28,536	31 Mar 2025	Direct

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
holding	PPL	Stock Unit (ICPKE)							31 Mar 2025	Common Stock	1,735		Direct	F1, F2
holding	PPL	Stock Unit (SIP)							31 Mar 2025	Common Stock	2,106		Direct	F3, F4
holding	PPL	Stock Unit (SIP)							31 Mar 2025	Common Stock	2,462		Direct	F4, F5
holding	PPL	Stock Unit (SIP)							31 Mar 2025	Common Stock	318		Direct	F4, F6
holding	PPL	Stock Unit (SIP)							31 Mar 2025	Common Stock	3,914		Direct	F4, F7
holding	PPL	Performance Unit (SIP)							31 Mar 2025	Common Stock	2,279		Direct	F8, F9
holding	PPL	Performance Unit (SIP)							31 Mar 2025	Common Stock	2,279		Direct	F9, F10
holding	PPL	Performance Unit (SIP)							31 Mar 2025	Common Stock	4,556		Direct	F9, F11
holding	PPL	Performance Unit (SIP)							31 Mar 2025	Common Stock	2,567		Direct	F9, F12
holding	PPL	Performance Unit (SIP)							31 Mar 2025	Common Stock	2,567		Direct	F9, F13
holding	PPL	Performance Unit (SIP)							31 Mar 2025	Common Stock	5,135		Direct	F9, F14
holding	PPL	Performance Unit (SIP)							31 Mar 2025	Common Stock	332		Direct	F9, F12
holding	PPL	Performance Unit (SIP)							31 Mar 2025	Common Stock	332		Direct	F9, F13
holding	PPL	Performance Unit (SIP)							31 Mar 2025	Common Stock	662		Direct	F9, F14
holding	PPL	Performance Unit (SIP)							31 Mar 2025	Common Stock	3,944		Direct	F9, F15
holding	PPL	Performance Unit (SIP)							31 Mar 2025	Common Stock	3,944		Direct	F9, F16
holding	PPL	Performance Unit (SIP)							31 Mar 2025	Common Stock	7,886		Direct	F9, F17

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

Explanation of Responses:

Id	Content
F1	The units will vest on 07/28/2025.
F2	No conversion or exercise price applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), a restricted stock unit converts to a share of common stock on the applicable vesting date.
F3	The units will vest on 01/20/2026.
F4	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.
F5	The units will vest on 01/25/2027.
F6	The units will vest on 03/04/2027.
F7	The units will vest in three equal installments on 01/30/2026, 01/30/2027 and 01/30/2028.
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 earnings growth over a three-year performance period ending 12/31/2025. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2026.
F9	Total includes the reinvestment of dividends.
F10	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 12/31/2025. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2026.
F11	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 12/31/2025. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2026.
F12	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.
F13	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.
F14	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.
F15	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 12/31/2027. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2028.
F16	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 long-term sustainability-related metrics over a three-year performance period ending 12/31/2027. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2028.
F17	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 12/31/2027. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2028.