Dean A. Del Vecchio - Jan 30, 2025 Form 4 Insider Report for PPL Corp (PPL)

Signature
/s/ W. Eric Marr, as Attorney-In-Fact for Dean A. Del Vecchio
Stock symbol
PPL
Transactions as of
Jan 30, 2025
Transactions value $
$0
Form type
4
Date filed
2/3/2025, 04:40 PM
Previous filing
Feb 20, 2024

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 +8.4K $0.00 8.4K Jan 30, 2025 Common Stock 8.4K Direct F1, F2, F3
transaction PPL Performance Stock Unit (SIP) Award $0 +16.8K $0.00 16.8K Jan 30, 2025 Common Stock 16.8K Direct F4, F5
transaction PPL Performance Stock Unit (SIP) Award $0 +8.4K $0.00 8.4K Jan 30, 2025 Common Stock 8.4K Direct F5, F6
transaction PPL Performance Stock Unit (SIP) Award $0 +8.4K $0.00 8.4K Jan 30, 2025 Common Stock 8.4K Direct F5, F7
* 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 total grant of 8,402 restricted stock units will vest in three equal installments on 01/30/2026, 01/30/2027, and 01/30/2028.
F3 As of 02/03/2025, total restricted stock units beneficially owned is 47,642.023. This total includes the 02/19/2024 grants of 29,138.672 and 10,101.351 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 8,402 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 12/31/2027. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2028.
F5 As of 02/03/2025, total performance units beneficially owned is 83,727.709. This total includes the 02/19/2024 grants of (a) 20,202.702, (b) 4,857.135, (c) 2,429.085, (d) 10,101.351, (e) 2,429.085, and (f) 10,101.351 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) 16,803, (b) 8,402, and (c) 8,402 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 12/31/2027. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2028.
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 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.