Angela K. Gosman - 17 Feb 2023 Form 4 Insider Report for PPL Corp (PPL)

Role: EVP and CHRO
Signature: /s/ W. Eric Marr, as Attorney-In-Fact for Angela K. Gosman
Issuer symbol: PPL
Transactions as of: 17 Feb 2023
Net transactions value: +$49,985
Form type: 4
Filing time: 22 Feb 2023, 15:39:46 UTC
Previous filing: 15 Feb 2023
Next filing: 19 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PPL	Common Stock	Options Exercise	$75,828	+2,632	+200%	$28.81	3,947	17 Feb 2023	Direct
transaction	PPL	Common Stock	Tax liability	$25,843	-897	-23%	$28.81	3,050	17 Feb 2023	Direct	F1

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	Performance Stock Unit (ICPKE)	Options Exercise	$0	-2,632	-100%	$0.000000^*	0	17 Feb 2023	Common Stock	2,632	$0.000000	Direct	F2, F3, F4

* 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 Incentive Compensation Plan for Key Employees (ICPKE).
F2	Total includes the reinvestment of dividends.
F3	No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), the underlying securities were earned (172.5%, or an additional 1,106.525 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 43,666.22. This total includes 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.