Vincent Sorgi - Feb 13, 2025 Form 4 Insider Report for PPL Corp (PPL)

Role: President and CEO
Signature: /s/ W. Eric Marr, as Attorney-In-Fact for Vincent Sorgi
Stock symbol: PPL
Transactions as of: Feb 13, 2025
Transactions value $: $1,182,224
Form type: 4
Date filed: 2/18/2025, 06:47 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	$2.1M	+61.1K	+13.43%	$34.41	516K	Feb 13, 2025	Direct
transaction	PPL	Common Stock	Tax liability	-$920K	-26.7K	-5.18%	$34.41	489K	Feb 13, 2025	Direct	F2
holding	PPL	Common Stock						173	Feb 13, 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	Performance Stock Unit (SIP)	Options Exercise	$0	-61.1K	-100%	$0.00	0	Feb 13, 2025	Common Stock	61.1K	$0.00	Direct	F1, F3, F4

* 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 or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), 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.
F4	As of 02/18/2025, total performance units beneficially owned is 562,005.954. This total includes 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.