Vincent Sorgi - Jan 30, 2025 Form 4 Insider Report for PPL Corp (PPL)

Signature
/s/ W. Eric Marr, as Attorney-In-Fact for Vincent Sorgi
Stock symbol
PPL
Transactions as of
Jan 30, 2025
Transactions value $
$4,015,630
Form type
4
Date filed
2/3/2025, 04:42 PM
Previous filing
Jan 29, 2025
Next filing
Feb 18, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PPL Common Stock Options Exercise $2.74M +81.9K +24.45% $33.47 417K Jan 30, 2025 Direct
transaction PPL Common Stock Tax liability -$1.2M -35.8K -8.6% $33.47 381K Jan 30, 2025 Direct F2
transaction PPL Common Stock Options Exercise $4.4M +131K +34.52% $33.47 512K Jan 30, 2025 Direct
transaction PPL Common Stock Tax liability -$1.93M -57.6K -11.23% $33.47 455K Jan 30, 2025 Direct F2
holding PPL Common Stock 173 Jan 30, 2025 Held in trust pursuant to the Employee Stock Ownership Plan. 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 Stock Unit (SIP) Award $0 +44.4K $0.00 44.4K Jan 30, 2025 Common Stock 44.4K Direct F3, F4, F5
transaction PPL Performance Stock Unit (SIP) Award $0 +88.8K $0.00 88.8K Jan 30, 2025 Common Stock 88.8K Direct F6, F7
transaction PPL Performance Stock Unit (SIP) Award $0 +44.4K $0.00 44.4K Jan 30, 2025 Common Stock 44.4K Direct F7, F8
transaction PPL Performance Stock Unit (SIP) Award $0 +44.4K $0.00 44.4K Jan 30, 2025 Common Stock 44.4K Direct F7, F9
transaction PPL Performance Stock Unit (SIP) Options Exercise $0 -131K -100% $0.00 0 Jan 30, 2025 Common Stock 131K Direct F1, F7, F10
transaction PPL Performance Stock Unit (SIP) Options Exercise $0 -81.9K -100% $0.00 0 Jan 30, 2025 Common Stock 81.9K Direct F1, F7, F11
* 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 Stock Incentive Plan (SIP).
F3 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.
F4 The total grant of 44,389 restricted stock units will vest in three equal installments on 01/30/2026, 01/30/2027, and 01/30/2028.
F5 As of 02/03/2025, total restricted stock units beneficially owned is 140,501.738. This total includes the 01/20/2023 grant of 44,024.542 restricted stock units, and the 01/25/2024 grant of 52,088.196 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 44,389 restricted stock 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 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.
F7 As of 02/03/2025, total performance units beneficially owned is 603,856.602. This total includes the 01/27/2022 grant of 41,850.648 performance units, the three 01/20/2023 grants of (a) 88,049.085, (b) 44,024.542, and (c) 44,024.542 performance units and the three 01/25/2024 grants of (a) 104,176.393, (b) 52,088.196, and (c) 52,088.196 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) 88,777, (b) 44,389, and (c) 44,389 performance units.
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 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.
F9 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.
F10 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 (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.
F11 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 (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.