Marlene C. Beers - 18 Feb 2022 Form 4 Insider Report for PPL Corp (PPL)

Role: Vice President and Controller
Signature: /s/ W. Eric Marr, as Attorney-In-Fact for Marlene C. Beers
Issuer symbol: PPL
Transactions as of: 18 Feb 2022
Net transactions value: +$99,467
Form type: 4
Filing time: 23 Feb 2022, 15:53:01 UTC
Previous filing: 31 Jan 2022
Next filing: 26 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PPL	Common Stock	Options Exercise	$144,020	+5,518	+39%	$26.10	19,712	18 Feb 2022	Direct
transaction	PPL	Common Stock	Tax liability	$44,553	-1,707	-8.7%	$26.10	18,005	18 Feb 2022	Direct	F1
holding	PPL	Common Stock						1,500	18 Feb 2022	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	Performance Stock Unit (SIP)	Options Exercise	$0	-5,518	-100%	$0.000000^*	0	18 Feb 2022	Common Stock	5,518	$0.000000	Direct	F2, F3, F4

* 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	Total includes the reinvestment of dividends.
F3	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 (200%) based on the Company's return on equity over a three-year performance period ending 12/31/2021. Determination of the percentage of the award earned was made by the Compensation Committee on 01/27/2022 and calculation of the underlying shares to be delivered, net of withholding, was completed on 02/18/2022.
F4	As of 02/23/2022, total performance units beneficially owned is 20,187.264. This total includes 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.