PPL Corp — Director's Dealing 2020

Jun 2, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2020-06-01

Reporting Person: Sorgi Vincent (President and CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-06-01	Stock Unit (SIP)	$	A	12197	Acquired		Common Stock (12197)	Direct
2020-06-01	Performance Stock Unit (SIP)	$	A	24395	Acquired		Common Stock (24395)	Direct
2020-06-01	Performance Stock Unit (SIP)	$	A	24395	Acquired		Common Stock (24395)	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 06/01/2023.

F3: As of 06/02/2020, total restricted stock units beneficially owned is 40,400.885. This total includes the 01/25/2018 grant of 8,506.785 restricted stock units, the 01/24/2019 grant of 9,189.52 restricted stock units, the 07/01/2019 grant of 1,109.293 restricted stock units, and the 01/23/2020 grant of 9,398.287 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 06/01/2020 grant of 12,197 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 12/31/2022. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2023.

F5: As of 06/02/2020, total performance units beneficially owned is 161,603.27. This total includes the 01/25/2018 grants of 17,012.436 and 17,012.436 performance units, the 01/24/2019 grants of 18,379.04 and 18,379.04 performance units, the 07/01/2019 grants of 2,218.586 and 2,218.586 performance units, and the 01/23/2020 grants of 18,796.573 and 18,796.573 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 06/01/2020 grants of 24,395 and 24,395 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 12/31/2022. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2023.