PPL Corp — Director's Dealing 2019

Jul 31, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2019-07-29

Reporting Person: Henninger Tadd J (VP-Finance and Treasurer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-07-29	Stock Unit (SIP)	$	A	59	Acquired		Common Stock (59)	Direct
2019-07-29	Performance Stock Unit (SIP)	$	A	117	Acquired		Common Stock (117)	Direct
2019-07-29	Performance Stock Unit (SIP)	$	A	117	Acquired		Common Stock (117)	Direct

Footnotes

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 units will vest on 07/29/2022.

F3: As of 07/31/2019, total restricted stock units beneficially owned is 5,980.48. This total includes the 02/17/2017 grant of 1,912 restricted stock units, the 01/25/2018 grant of 876.044 restricted stock units, the 02/22/2018 grant of 1,694 restricted stock units, and the 01/24/2019 grant of 1,439.436 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 07/29/2019 grant of 59 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 12/31/2021. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation, Governance and Nominating Committee in January 2022.

F5: As of 07/31/2019, total performance units beneficially owned is 9,493.876. This total includes the two 01/25/2018 grants of 1,752.091 performance units each and the two 01/24/2019 grants of 2,877.847 performance units each, 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 two 07/29/2019 grants of 117 performance units each.

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 return on equity over a three-year performance period ending 12/31/2021. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation, Governance and Nominating Committee in January 2022.