Angela K. Gosman - Jan 20, 2023 Form 4 Insider Report for PPL Corp (PPL)

Signature
/s/ W. Eric Marr, as Attorney-In-Fact for Angela K. Gosman
Stock symbol
PPL
Transactions as of
Jan 20, 2023
Transactions value $
$0
Form type
4
Date filed
1/24/2023, 05:08 PM
Previous filing
Aug 1, 2022
Next filing
Feb 15, 2023

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 +5.17K $0.00 5.17K Jan 20, 2023 Common Stock 5.17K Direct F1, F2, F3
transaction PPL Performance Stock Unit (SIP) Award $0 +10.3K $0.00 10.3K Jan 20, 2023 Common Stock 10.3K Direct F4, F5
transaction PPL Performance Stock Unit (SIP) Award $0 +5.17K $0.00 5.17K Jan 20, 2023 Common Stock 5.17K Direct F5, F6
transaction PPL Performance Stock Unit (SIP) Award $0 +5.17K $0.00 5.17K Jan 20, 2023 Common Stock 5.17K Direct F5, F7
transaction PPL Performance Stock Unit (ICPKE) Other $0 -1.53K -100% $0.00* 0 Jan 20, 2023 Common Stock 1.53K Direct F5, F8, F9, F10
* 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 01/20/2026.
F3 As of 01/24/2023, total restricted stock units beneficially owned is 14,398.07. This total includes the 02/14/2020 grant of 403 restricted stock units, the 05/18/2020 grant of 323 restricted stock units, the 01/21/2021 grant of 1,144 restricted stock units, the 08/01/2021 grant of 866 restricted stock units, the 01/27/2022 grant of 3,581.05 restricted stock units, and the 07/28/2022 grant of 2,913.02 restricted stock units, plus in the case of the 01/27/2022 and 07/28/2022 grants, 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 5,168 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 12/31/2025. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2026.
F5 As of 01/24/2023, total performance units beneficially owned is 45,191.695. This total includes the 05/18/2020 grant of 1,525.475 performance units, the 01/21/2021 grants of 2,498.68 and 2,498.68 performance units, the 08/01/2021 grants of 1,837.345 and 1,837.345 performance units, and the three 01/27/2022 grants of (a) 7,161.07, (b) 3,581.05, and (c) 3,581.05 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) 10,335, (b) 5,168, and (c) 5,168 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 12/31/2025. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2026.
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 12/31/2025. 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.
F9 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%.
F10 Total includes the reinvestment of dividends.