Vincent Sorgi - 17 Feb 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
17 Feb 2023
Transactions value $
$1,482,880
Form type
4
Filing time
22 Feb 2023, 15:43:08 UTC
Previous filing
24 Jan 2023
Next filing
02 Jun 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PPL Common Stock Options Exercise $1,068,246 +37,079 +31.2% $28.81 155,999 17 Feb 2023 Direct
transaction PPL Common Stock Tax liability $-364,936 -12,667 -8.12% $28.81 143,332 17 Feb 2023 Direct F1
transaction PPL Common Stock Options Exercise $1,386,395 +48,122 +33.6% $28.81 191,454 17 Feb 2023 Direct
transaction PPL Common Stock Tax liability $-606,825 -21,063 -11% $28.81 170,391 17 Feb 2023 Direct F1
holding PPL Common Stock 161 17 Feb 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) Options Exercise $0 -37,079 -100% $0.000000* 0 17 Feb 2023 Common Stock 37,079 $0.000000 Direct F2, F3, F4
transaction PPL Stock Unit (SIP) Options Exercise $0 -48,122 -100% $0.000000* 0 17 Feb 2023 Common Stock 48,122 $0.000000 Direct F2, F4, F5
* 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 or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), the underlying securities were earned (172.5%, or an additional 15,584.47 units) based on the Company's return on equity over a three-year performance period ending 12/31/2022. Determination of the percentage of the award earned was made by the Compensation Committee on 01/20/2023 and calculation of the underlying shares to be delivered, net of withholding, was completed on 02/17/2023.
F4 As of 02/22/2023, total performance units beneficially owned is 471,481.731. This total includes 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.
F5 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 (172.5%, or an additional 20,225.474 units) based on the Company's return on equity over a three-year performance period ending 12/31/2022. Determination of the percentage of the award earned was made by the Compensation Committee on 01/20/2023 and calculation of the underlying shares to be delivered, net of withholding, was completed on 02/17/2023.