Vincent Sorgi - 20 Jan 2023 Form 4 Insider Report for PPL Corp (PPL)

Signature
/s/ W. Eric Marr, as Attorney-In-Fact for Vincent Sorgi
Issuer symbol
PPL
Transactions as of
20 Jan 2023
Transactions value $
$218,676
Form type
4
Filing time
24 Jan 2023, 17:12:05 UTC
Previous filing
15 Aug 2022
Next filing
22 Feb 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PPL Common Stock Options Exercise $315,110 +10,747 +9.64% $29.32 122,209 23 Jan 2023 Direct
transaction PPL Common Stock Tax liability $-96,433 -3,289 -2.69% $29.32 118,920 23 Jan 2023 Direct F1
holding PPL Common Stock 161 20 Jan 2023 Held in trust pursuant to the Employee Stock Ownership Plan. F2

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 +40,996 $0.000000 40,996 20 Jan 2023 Common Stock 40,996 Direct F3, F4, F5
transaction PPL Performance Stock Unit (SIP) Award $0 +81,992 $0.000000 81,992 20 Jan 2023 Common Stock 81,992 Direct F6, F7
transaction PPL Performance Stock Unit (SIP) Award $0 +40,996 $0.000000 40,996 20 Jan 2023 Common Stock 40,996 Direct F7, F8
transaction PPL Performance Stock Unit (SIP) Award $0 +40,996 $0.000000 40,996 20 Jan 2023 Common Stock 40,996 Direct F7, F9
transaction PPL Performance Stock Unit (SIP) Other $0 -21,495 -100% $0.000000* 0 20 Jan 2023 Common Stock 21,495 Direct F2, F7, F10, F11
transaction PPL Performance Stock Unit (SIP) Other $0 -27,897 -100% $0.000000* 0 20 Jan 2023 Common Stock 27,897 Direct F2, F10, F11
transaction PPL Stock Unit (SIP) Options Exercise $0 -10,747 -100% $0.000000* 0 23 Jan 2023 Common Stock 10,747 $0.000000 Direct F2, F12
* 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 Stock Incentive Plan (SIP).
F2 Total includes the reinvestment of dividends.
F3 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.
F4 The units will vest on 01/20/2026.
F5 As of 01/24/2023, total restricted stock units beneficially owned is 131,818.383. This total includes the 06/01/2020 grant of 13,947.692 restricted stock units, the 01/21/2021 grant of 37,903.039 restricted stock units, and the 01/27/2022 grant of 38,971.652 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 01/20/2023 grant of 40,996 restricted stock 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 performance relative to an industry peer group over a three-year performance period ending 12/31/2025. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2026.
F7 As of 01/24/2023, total performance units beneficially owned is 520,872.787. This total includes the 01/23/2020 grant of 21,494.53 performance units, the 06/01/2020 grant of 27,896.526 performance units, the 01/21/2021 grants of 75,806.077 and 75,806.077 performance units, and the three 01/27/2023 grants of (a) 77,942.273, (b) 38,971.652, and (c) 38,971.652 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 01/20/2023 grants of (a) 81,992, (b) 40,996, and (c) 40,996 performance units.
F8 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 12/31/2025. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2026.
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 achievement of certain ESG-related metrics over a three-year performance period ending 12/31/2025. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2026.
F10 No conversion or exercise price or exercise or expiration date applies.
F11 The Company did not achieve the threshold percentile ranking in the applicable index to trigger share awards, therefore performance units based on TSR granted in 2020 will be paid out at 0%.
F12 The units vested on 01/23/2023.