Wendy E. Stark - Jan 27, 2022 Form 4 Insider Report for PPL Corp (PPL)

Role
SVP, GC, Corp Sec and CLO
Signature
/s/ W. Eric Marr, as Attorney-In-Fact for Wendy E. Stark
Stock symbol
PPL
Transactions as of
Jan 27, 2022
Transactions value $
$0
Form type
4
Date filed
1/31/2022, 03:42 PM
Next filing
Jan 24, 2023

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 +7.51K $0.00 7.51K Jan 27, 2022 Common Stock 7.51K Direct F1, F2, F3
transaction PPL Performance Stock Unit (SIP) Award $0 +15K $0.00 15K Jan 27, 2022 Common Stock 15K Direct F4, F5
transaction PPL Performance Stock Unit (SIP) Award $0 +7.51K $0.00 7.51K Jan 27, 2022 Common Stock 7.51K Direct F5, F6
transaction PPL Performance Stock Unit (SIP) Award $0 +7.51K $0.00 7.51K Jan 27, 2022 Common Stock 7.51K Direct F5, F7
* 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 11,948.634. This total includes the 04/12/2021 grant of 4,435.634 restricted stock units, plus in 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 7,513 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 47,794.538. This total includes the 04/12/2021 grants of 8,871.269 and 8,871.269 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) 15,026, (b) 7,513, and (c) 7,513 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.