David J. Bonenberger - Jan 30, 2025 Form 4 Insider Report for PPL Corp (PPL)

Signature
/s/ W. Eric Marr, as Attorney-In-Fact for David J. Bonenberger
Stock symbol
PPL
Transactions as of
Jan 30, 2025
Transactions value $
$574,948
Form type
4
Date filed
2/3/2025, 04:46 PM
Previous filing
Jan 29, 2025
Next filing
Feb 5, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PPL Common Stock Options Exercise $108K +3.22K +7.08% $33.47 48.6K Jan 30, 2025 Direct F1
transaction PPL Common Stock Tax liability -$35.2K -1.05K -2.17% $33.47 47.6K Jan 30, 2025 Direct F1, F2
transaction PPL Common Stock Options Exercise $173K +5.16K +10.85% $33.47 52.7K Jan 30, 2025 Direct F1
transaction PPL Common Stock Tax liability -$49.2K -1.47K -2.79% $33.47 51.3K Jan 30, 2025 Direct F1, F2
transaction PPL Common Stock Options Exercise $203K +6.08K +11.86% $33.47 57.3K Jan 30, 2025 Direct F1
transaction PPL Common Stock Tax liability -$58K -1.73K -3.02% $33.47 55.6K Jan 30, 2025 Direct F1, F3
transaction PPL Common Stock Options Exercise $327K +9.76K +17.55% $33.47 65.4K Jan 30, 2025 Direct F1
transaction PPL Common Stock Tax liability -$93.1K -2.78K -4.25% $33.47 62.6K Jan 30, 2025 Direct F1, F3
holding PPL Common Stock 4.92K Jan 30, 2025 Held in trust pursuant to the Employee Stock Ownership Plan. F1
holding PPL Common Stock 100 Jan 30, 2025 By Spouse in IRA.

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 +6.02K $0.00 6.02K Jan 30, 2025 Common Stock 6.02K Direct F4, F5, F6
transaction PPL Performance Stock Unit (SIP) Award $0 +12K $0.00 12K Jan 30, 2025 Common Stock 12K Direct F7, F8
transaction PPL Performance Stock Unit (SIP) Award $0 +6.02K $0.00 6.02K Jan 30, 2025 Common Stock 6.02K Direct F8, F9
transaction PPL Performance Stock Unit (SIP) Award $0 +6.02K $0.00 6.02K Jan 30, 2025 Common Stock 6.02K Direct F8, F10
transaction PPL Performance Stock Unit (ICPKE) Options Exercise $0 -5.16K -100% $0.00 0 Jan 30, 2025 Common Stock 5.16K Direct F1, F8, F11
transaction PPL Performance Stock Unit (ICPKE) Options Exercise $0 -3.22K -100% $0.00 0 Jan 30, 2025 Common Stock 3.22K Direct F1, F8, F12
transaction PPL Performance Stock Unit (SIP) Options Exercise $0 -9.76K -100% $0.00 0 Jan 30, 2025 Common Stock 9.76K Direct F1, F8, F13
transaction PPL Performance Stock Unit (SIP) Options Exercise $0 -6.08K -100% $0.00 0 Jan 30, 2025 Common Stock 6.08K $0.00 Direct F1, F8, F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 Incentive Compensation Plan for Key Employees (ICPKE).
F3 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).
F4 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.
F5 The total grant of 6,018 restricted stock units will vest in three equal installments on 01/30/2026, 01/30/2027, and 01/30/2028.
F6 As of 02/03/2025, total restricted stock units beneficially owned is 23,635.769. This total includes the 05/25/2022 grant of 937.489 restricted stock units, the 01/20/2023 grant of 2,100.498 restricted stock units, and the 01/25/2024 grant of 2,366.987 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 6,018 restricted stock units.
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 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.
F8 As of 02/03/2025, total performance units beneficially owned is 46,688.133. This total includes the 01/27/2022 grant of 1,643.048 performance units, the 5/25/2022 grant of 3,106.255 performance units, the three 01/20/2023 grants of (a) 4,199.921, (b) 2,100.498, and (c) 2,100.498 performance units and the three 01/25/2024 grants of (a) 4,732.939, (b) 2,366.987, and (c) 2,366.987 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) 12,035, (b) 6,018, and (c) 6,018 performance units.
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 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.
F10 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.
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 (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.
F12 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.
F13 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.
F14 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.