Marlene C. Beers - Jan 20, 2023 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
Stock symbol
PPL
Transactions as of
Jan 20, 2023
Transactions value $
$26,417
Form type
4
Date filed
1/24/2023, 05:04 PM
Previous filing
May 26, 2022
Next filing
Feb 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PPL Common Stock Options Exercise $40.1K +1.37K +7.6% $29.32 19.4K Jan 23, 2023 Direct
transaction PPL Common Stock Tax liability -$13.7K -467 -2.41% $29.32 18.9K Jan 23, 2023 Direct F1
holding PPL Common Stock 1.5K Jan 20, 2023 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 Stock Unit (SIP) Award $0 +1.96K $0.00 1.96K Jan 20, 2023 Common Stock 1.96K Direct F2, F3, F4
transaction PPL Performance Stock Unit (SIP) Award $0 +3.91K $0.00 3.91K Jan 20, 2023 Common Stock 3.91K Direct F5, F6
transaction PPL Performance Stock Unit (SIP) Award $0 +1.96K $0.00 1.96K Jan 20, 2023 Common Stock 1.96K Direct F6, F7
transaction PPL Performance Stock Unit (SIP) Award $0 +1.96K $0.00 1.96K Jan 20, 2023 Common Stock 1.96K Direct F6, F8
transaction PPL Performance Stock Unit (SIP) Other $0 -2.74K -100% $0.00* 0 Jan 20, 2023 Common Stock 2.74K Direct F6, F9, F10, F11
transaction PPL Stock Unit (SIP) Options Exercise $0 -1.37K -100% $0.00* 0 Jan 23, 2023 Common Stock 1.37K $0.00 Direct F11, F12
* 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 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.
F3 The units will vest on 01/20/2026.
F4 As of 01/24/2023, total restricted stock units beneficially owned is 8,518.711. This total includes the 01/21/2021 grant of 1,919.624 restricted stock units, the 06/15/2021 grant of 1,850.084 restricted stock units, the 01/27/2022 grant of 1,920.006 restricted stock units, and the 05/25/2022 grant of 872.997 restricted stock units, plus in each case, 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 01/20/2023 grant of 1,956 restricted stock units.
F5 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 12/31/2025. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2026.
F6 As of 01/24/2023, total performance units beneficially owned is 25,914.315. This total includes the 01/23/2020 grant of 2,736.008 performance units, the 01/21/2021 grants of 3,838.159 and 3,838.159 performance units, and the three 01/27/2022 grants of (a) 3,838.977, (b) 1,920.006, and (c) 1,920.006 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 01/20/2023 grants of (a) 3,911, (b) 1,956, and (c) 1,956 performance units.
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 earnings growth over a three-year performance period ending 12/31/2025. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2026.
F8 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 12/31/2025. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2026.
F9 No conversion or exercise price or exercise or expiration date applies.
F10 The Company did not achieve the threshold percentile ranking in the applicable index to trigger share awards, therefore performance units based on TSR granted in 2020 will be paid out at 0%.
F11 Total includes the reinvestment of dividends.
F12 The units vested on 01/23/2023.