Tadd J. Henninger - Feb 13, 2025 Form 4 Insider Report for PPL Corp (PPL)

Role
SVP-Finance and Treasurer
Signature
/s/ W. Eric Marr, as Attorney-In-Fact for Tadd J. Henninger
Stock symbol
PPL
Transactions as of
Feb 13, 2025
Transactions value $
$77,354
Form type
4
Date filed
2/18/2025, 06:49 PM
Previous filing
Feb 5, 2025
Next filing
Feb 19, 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 $109K +3.16K +28.03% $34.41 14.4K Feb 13, 2025 Direct F1
transaction PPL Common Stock Tax liability -$31.2K -908 -6.3% $34.41 13.5K Feb 13, 2025 Direct F1, F2
holding PPL Common Stock 98.5 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 -3.16K -100% $0.00 0 Feb 13, 2025 Common Stock 3.16K $0.00 Direct F1, F3, F4
* 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 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 27,910.596. This total includes the three 01/20/2023 grants of (a) 4,319.121, (b) 2,159.561, and (c) 2,159.561 performance units and the three 01/25/2024 grants of (a) 5,450.175, (b) 2,725.089, and (c) 2,725.089 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) 4,186, (b) 2,093, and (c) 2,093 performance units.