Stephanie R. Raymond - Feb 17, 2023 Form 4 Insider Report for PPL Corp (PPL)

Role: President of a PPL Subsidiary
Signature: /s/ W. Eric Marr, as Attorney-In-Fact for Stephanie R. Raymond
Stock symbol: PPL
Transactions as of: Feb 17, 2023
Transactions value $: $82,166
Form type: 4
Date filed: 2/22/2023, 03:42 PM
Previous filing: Jan 24, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PPL	Common Stock	Options Exercise	$133K	+4.61K	+19.33%	$28.81	28.4K	Feb 17, 2023	Direct
transaction	PPL	Common Stock	Tax liability	-$50.6K	-1.76K	-6.17%	$28.81	26.7K	Feb 17, 2023	Direct	F1
holding	PPL	Common Stock						45.8	Feb 17, 2023	Held in trust pursuant to the Employee Stock Ownership Plan.	F2

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	-4.61K	-100%	$0.00^*	0	Feb 17, 2023	Common Stock	4.61K	$0.00	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 1,937.193 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 59,195.851. This total includes the 01/21/2021 grants of 3,414.247 and 3,414.247 performance units, the 04/12/2021 grants of 5,478.815 and 5,478.815 performance units, and the three 01/27/2022 grants of (a) 10,196.349, (b) 5,098.689, and (c) 5,098.689 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) 10,508, (b) 5,254, and (c) 5,254 performance units.