PPL Corp — Director's Dealing 2019

Jul 2, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2019-07-01

Reporting Person: Sorgi Vincent (President and COO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-07-01	Stock Unit (SIP)	$	A	1063	Acquired		Common Stock (1063)	Direct
2019-07-01	Performance Stock Unit (SIP)	$	A	2126	Acquired		Common Stock (2126)	Direct
2019-07-01	Performance Stock Unit (SIP)	$	A	2126	Acquired		Common Stock (2126)	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 07/01/2022.

F3: As of 07/02/2019, total restricted stock units beneficially owned is 44,582.837. This total includes the 01/26/2017 grant of 7,280.022 restricted stock units, the 02/17/2017 grant of 19,282.005 restricted stock units, the 01/25/2018 grant of 8,151.784 restricted stock units, and the 01/24/2019 grant of 8,806.026 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 07/01/2019 grant of 1,063 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 07/02/2019, total performance units beneficially owned is 101,198.887. This total includes the 01/26/2017 grants of 21,837.797 and 7,280.022 performance units, the 01/25/2018 grants of 16,302.481 and 16,302.481 performance units, and the 01/24/2019 grants of 17,612.053 and 17,612.053 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 07/01/2019 grants of 2,126 and 2,126 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 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.