David J. Bonenberger - May 25, 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 David J. Bonenberger
Stock symbol
PPL
Transactions as of
May 25, 2022
Transactions value $
$422,543
Form type
4
Date filed
5/26/2022, 04:18 PM
Next filing
Jul 12, 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 $84.5K +2.82K $29.94 2.82K May 25, 2022 Common Stock 2.82K Direct F1, F2, F3
transaction PPL Performance Stock Unit (SIP) Award $169K +5.65K $29.94 5.65K May 25, 2022 Common Stock 5.65K Direct F4, F5
transaction PPL Performance Stock Unit (SIP) Award $84.5K +2.82K $29.94 2.82K May 25, 2022 Common Stock 2.82K Direct F5, F6
transaction PPL Performance Stock Unit (SIP) Award $84.5K +2.82K $29.94 2.82K May 25, 2022 Common Stock 2.82K 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 05/25/2025.
F3 As of 05/26/2022, total restricted stock units beneficially owned is 6,945. This total includes the 01/23/2020 grant of 1,118 restricted stock units, the 01/21/2021 grant of 1,522 restricted stock units, the 01/27/2022 grant of 1,483 restricted stock units and the 05/25/2022 grant of 2,822 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 05/26/2022, total performance units beneficially owned is 28,833.456. This total includes the 01/23/2020 grants of 2,539.531 and 2,539.531 performance units, the 01/21/2021 grants of 3,245.759 and 3,245.759 performance units, and the three 01/27/2022 grants of (a) 1,493.221, (b) 1,493.221, and (c) 2,985.434 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 05/25/2022 grants of (a) 2,823, (b) 2,823, and (c) 5,645 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.