Francis X. Sullivan - 30 Jan 2025 Form 4 Insider Report for PPL Corp (PPL)

Footnote 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).

Footnote 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.

Footnote F3

The total grant of 10,494 restricted stock units will vest in three equal installments on 01/30/2026, 01/30/2027, and 01/30/2028.

Footnote F4

As of 02/03/2025, total restricted stock units beneficially owned is 33,241.635. This total includes the 01/20/2023 grant of 9,083.902 restricted stock units, and the 01/25/2024 grant of 13,663.733 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 01/30/2025 grant of 10,494 restricted stock units.

Footnote 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 12/31/2027. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2028.

Footnote F6

As of 02/03/2025, total performance units beneficially owned is 133,976.999. This total includes the 01/27/2022 grant of 1,011.535 performance units, the three 01/20/2023 grants of (a) 18,166.728, (b) 9,083.902, and (c) 9,083.902 performance units and the three 01/25/2024 grants of (a) 27,327.466, (b) 13,663.733, and (c) 13,663.733 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 01/30/2025 grants of (a) 20,988, (b) 10,494, and (c) 10,494 performance units.

Footnote 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 12/31/2027. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2028.

Footnote 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 long-term sustainability-related metrics over a three-year performance period ending 12/31/2027. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2028.

Footnote F9

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 (157.10%) based on the Company's performance relative to an industry peer group over a three-year performance period ending 12/31/2024. Determination of the percentage of the award earned was made by the People and Compensation Committee on 01/30/2025 and calculation of the underlying shares to be delivered, net of withholding, was completed on 01/30/2025.

Footnote F10

Total includes the reinvestment of dividends.

Footnote F11

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 (195.64%) based on the Company's achievements of certain ESG-related metrics over a three-year performance period ending 12/31/2024. Determination of the percentage of the award earned was made by the People and Compensation Committee on 01/30/2025 and calculation of the underlying shares to be delivered, net of withholding, was completed on 01/30/2025.