Francis X. Sullivan - Jan 1, 2023 Form 3 Insider Report for PPL Corp (PPL)

Role: EVP and COO
Signature: /s/ W. Eric Marr, as Attorney-In-Fact for Francis X. Sullivan
Stock symbol: PPL
Transactions as of: Jan 1, 2023
Transactions value $: $0
Form type: 3
Date filed: 1/9/2023, 03:34 PM
Next filing: Jan 24, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	PPL	Common Stock						0	Jan 1, 2023	Direct

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
holding	PPL	Stock Unit (ICPKE)							Jan 1, 2023	Common Stock	233		Direct	F1, F2
holding	PPL	Stock Unit (ICPKE)							Jan 1, 2023	Common Stock	913		Direct	F2, F3
holding	PPL	Performance Unit (ICPKE)							Jan 1, 2023	Common Stock	486		Direct	F4, F5
holding	PPL	Performance Unit (ICPKE)							Jan 1, 2023	Common Stock	486		Direct	F5, F6
holding	PPL	Performance Unit (ICPKE)							Jan 1, 2023	Common Stock	942		Direct	F5, F7
holding	PPL	Performance Unit (ICPKE)							Jan 1, 2023	Common Stock	942		Direct	F5, F8
holding	PPL	Performance Unit (ICPKE)							Jan 1, 2023	Common Stock	1.88K		Direct	F5, F9

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The units will vest on 10/01/2024.
F2	No conversion or exercise price applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), a restricted stock unit converts to a share of common stock on the applicable vesting date.
F3	The units will vest on 01/27/2025.
F4	No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), 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 12/31/2023. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2024.
F5	Total includes the reinvestment of dividends.
F6	No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), all, some or none of the underlying securities will be earned depending on the Company's return on equity over a one-year performance period ending 12/31/2021, but will not vest, if at all, until the end of the three-year period ending 12/31/2023. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2024.
F7	No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), 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
F8	No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), 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
F9	No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), 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.