David J. Bonenberger - Feb 17, 2023 Form 4 Insider Report for PPL Corp (PPL)

Signature
/s/ W. Eric Marr, as Attorney-In-Fact for David J. Bonenberger
Stock symbol
PPL
Transactions as of
Feb 17, 2023
Transactions value $
$90,233
Form type
4
Date filed
2/22/2023, 03:38 PM
Previous filing
Feb 28, 2023
Next filing
Jan 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PPL Common Stock Options Exercise $129K +4.49K +12.97% $28.81 39.1K Feb 17, 2023 Direct F1
transaction PPL Common Stock Tax liability -$39.1K -1.36K -3.47% $28.81 37.7K Feb 17, 2023 Direct F1, F2
holding PPL Common Stock 4.58K Feb 17, 2023 Held in trust pursuant to the Employee Stock Ownership Plan. F1
holding PPL Common Stock 100 Feb 17, 2023 By Spouse in IRA.

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 (ICPKE) Options Exercise $0 -4.49K -100% $0.00* 0 Feb 17, 2023 Common Stock 4.49K $0.00 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Total includes the reinvestment of dividends.
F2 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).
F3 No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), the underlying securities were earned (172.5%, or an additional 1,886.885 units) based on the Company's return on equity over a three-year performance period ending 12/31/2022. Determination of the percentage of the award earned was made by the Compensation Committee on 01/20/2023 and calculation of the underlying shares to be delivered, net of withholding, was completed on 02/17/2023.
F4 As of 02/22/2023, total performance units beneficially owned is 43,114.799. This total includes the 01/21/2021 grants of 3,325.748 and 3,325.748 performance units, the three 01/27/2022 grants of (a) 3,059.007, (b) 1,530.02, and (c) 1,530.02 performance units, and the three 05/25/2022 grants of (a) 5,784.116, (b) 2,892.57, and (c) 2,892.57 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) 9,387, (b) 4,694, and (c) 4,694 performance units.