Francis X. Sullivan - Feb 13, 2025 Form 4 Insider Report for PPL Corp (PPL)

Role
EVP and COO
Signature
/s/ W. Eric Marr, as Attorney-In-Fact for Francis X. Sullivan
Stock symbol
PPL
Transactions as of
Feb 13, 2025
Transactions value $
$31,760
Form type
4
Date filed
2/18/2025, 06:42 PM
Previous filing
Feb 3, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PPL Common Stock Options Exercise $50.8K +1.48K +32.73% $34.41 5.99K Feb 13, 2025 Direct
transaction PPL Common Stock Tax liability -$19.1K -554 -9.25% $34.41 5.44K Feb 13, 2025 Direct 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 Performance Stock Unit (ICPKE) Options Exercise $0 -1.48K -100% $0.00 0 Feb 13, 2025 Common Stock 1.48K $0.00 Direct F2, F3
* 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 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 (146%) based on the Company's earnings growth 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 02/13/2025.
F3 As of 02/18/2025, total performance units beneficially owned is 132,965.464. This total includes 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.