John R. Crockett III - Feb 18, 2022 Form 4 Insider Report for PPL Corp (PPL)

Role
President of a PPL Subsidiary
Signature
/s/ W. Eric Marr, as Attorney-In-Fact for John R. Crockett III
Stock symbol
PPL
Transactions as of
Feb 18, 2022
Transactions value $
$120,947
Form type
4
Date filed
2/23/2022, 03:58 PM
Previous filing
Jan 31, 2022
Next filing
Jan 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PPL Common Stock Options Exercise $177K +6.77K +114% $26.10 12.7K Feb 18, 2022 Direct
transaction PPL Common Stock Tax liability -$55.9K -2.14K -16.83% $26.10 10.6K Feb 18, 2022 Direct F1

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 (ICPKE) Options Exercise $0 -6.77K -100% $0.00* 0 Feb 18, 2022 Common Stock 6.77K $0.00 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 Incentive Compensation Plan for Key Employees (ICPKE).
F2 Total includes the reinvestment of dividends.
F3 No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), 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 37,825.478. This total includes the 01/23/2020 grants of 2,779.443 and 2,779.443 performance units, the 01/21/2021 grants of 3,551.828 and 3,551.828 performance units, and the 10/01/2021 grants of 1,911.968 and 1,911.968 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) 10,669, (b) 5,335, and (c) 5,335 performance units.