Marlene C. Beers - 27 Jan 2022 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
27 Jan 2022
Net transactions value
$0
Form type
4
Filing time
31 Jan 2022, 15:33:44 UTC
Previous filing
26 Jan 2022
Next filing
23 Feb 2022

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 +1,861 $0.000000 1,861 27 Jan 2022 Common Stock 1,861 Direct F1, F2, F3
transaction PPL Performance Stock Unit (SIP) Award $0 +3,721 $0.000000 3,721 27 Jan 2022 Common Stock 3,721 Direct F4, F5
transaction PPL Performance Stock Unit (SIP) Award $0 +1,861 $0.000000 1,861 27 Jan 2022 Common Stock 1,861 Direct F5, F6
transaction PPL Performance Stock Unit (SIP) Award $0 +1,861 $0.000000 1,861 27 Jan 2022 Common Stock 1,861 Direct F5, F7
transaction PPL Performance Stock Unit (ICPKE) Other $0 -2,759 -100% $0.000000* 0 27 Jan 2022 Common Stock 2,759 Direct F5, F8, F9, F10
* 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 01/27/2025.
F3 As of 01/31/2022, total restricted stock units beneficially owned is 6,840.822. This total includes the 01/23/2020 grant of 1,325.963 restricted stock units, the 01/21/2021 grant of 1,860.632 restricted stock units, and the 06/15/2021 grant of 1,793.227 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 01/27/2022 grant of 1,861 restricted stock units.
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 performance relative to an industry peer group over a three-year performance period ending 12/31/2024. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2025.
F5 As of 01/31/2022, total performance units beneficially owned is 22,945.936. This total includes the 01/24/2019 grant of 2,758.672 performance units, the 01/23/2020 grants of 2,651.926 and 2,651.926 performance units, and the 01/21/2021 grants of 3,720.206 and 3,720.206 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 01/27/2022 grants of (a) 3,721, (b) 1,861, and (c) 1,861 performance units.
F6 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 12/31/2024. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2025.
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 achievement of certain ESG-related metrics over a three-year performance period ending 12/31/2024. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2025.
F8 No conversion or exercise price or exercise or expiration date applies.
F9 The Company did not achieve the threshold percentile ranking in the applicable index to trigger share awards, therefore performance units based on TSR granted in 2019 will be paid out at 0%.
F10 Total includes the reinvestment of dividends.