Lonnie E. Bellar - Apr 25, 2025 Form 4 Insider Report for PPL Corp (PPL)

Signature
/s/ W. Eric Marr, as Attorney-In-Fact for Lonnie E. Bellar
Stock symbol
PPL
Transactions as of
Apr 25, 2025
Transactions value $
$0
Form type
4
Date filed
4/29/2025, 05:12 PM
Previous filing
Apr 9, 2025

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 +238 $0.00 238 Apr 25, 2025 Common Stock 238 Direct F1, F2, F3
transaction PPL Performance Stock Unit (SIP) Award $0 +475 $0.00 475 Apr 25, 2025 Common Stock 475 Direct F4, F5
transaction PPL Performance Stock Unit (SIP) Award $0 +238 $0.00 238 Apr 25, 2025 Common Stock 238 Direct F5, F6
transaction PPL Performance Stock Unit (SIP) Award $0 +238 $0.00 238 Apr 25, 2025 Common Stock 238 Direct F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The total grant of 238 restricted stock units will vest in three equal installments on 04/25/2026, 04/25/2027, and 04/25/2028.
F3 As of 04/29/2025, total restricted stock units beneficially owned is 10,773. This total includes the 07/28/2022 grant of 1,735 restricted stock units, the 01/20/2023 grant of 2,106 restricted stock units, the 01/25/2024 grant of 2,462 restricted stock units, the 03/04/2024 grant of 318 restricted stock units, the 01/30/2025 grant of 3,914 restricted stock units and the 04/25/2025 grant of 238 restricted stock units.
F4 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.
F5 As of 04/29/2025, total performance units beneficially owned is 37,432.746. This total includes the three 01/20/2023 grants of (a) 2,278.669, (b) 2,278.669, and (c) 4,556.257 performance units, the three 01/25/2024 grants of (a) 2,567.363, (b) 2,567.363, and (c) 5,134.726 performance units, the three 03/04/2024 grants of (a) 331.61, (b) 331.61, and (c) 662.175 performance units, and the three 01/30/2025 grants of (a) 3,943.578, (b) 3,943.578, and (c) 7,886.148 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 04/25/2025 grants of (a) 475, (b) 238, and (c) 238 performance 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 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.
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 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.