PPL Corp — Director's Dealing 2020

Feb 18, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2020-02-14

Reporting Person: Beers Marlene C (Vice President and Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-14	Common Stock	M	1870	$35.37	Acquired	8894	Direct
2020-02-14	Common Stock	F	629	$35.37	Disposed	8265	Direct
2020-02-14	Common Stock	M	2231	$35.37	Acquired	10496	Direct
2020-02-14	Common Stock	F	628	$35.37	Disposed	9868	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-14	Performance Stock Unit (ICPKE)	$	A	935.088	Acquired		Common Stock (935.088)	Direct
2020-02-14	Performance Stock Unit (ICPKE)	$0.00	M	1870	Disposed		Common Stock (1870)	Direct
2020-02-14	Stock Unit (ICPKE)	$0.00	M	2231	Disposed		Common Stock (2231)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1500	Indirect

Footnotes

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 Incentive Compensation Plan for Key Employees (ICPKE).

F2: No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), the underlying securities were earned (200%) based on the Company's return on equity over a three-year performance period ending 12/31/2019. Determination of the percentage of the award earned was made by the Compensation Committee on 01/23/2020 and calculation of the underlying shares to be delivered, net of withholding, was completed on 02/14/2020.

F3: As of 02/18/2020, total performance units beneficially owned is 13,515.098. This total includes the 01/25/2018 grants of 1,962.955 and 1,962.955 performance units, the 01/24/2019 grants of 2,444.594 and 2,444.594 performance units, and the 01/23/2020 grants of 2,350 and 2,350 performance units, plus in the case of the 01/25/2018 and 01/24/2019 grants, 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.

F4: Total includes the reinvestment of dividends.

F5: The units vested on 02/14/2020.

F6: As of 02/18/2020, total restricted stock units beneficially owned is 3,278.823. This total includes the 01/25/2018 grant of 881 restricted stock units, the 01/24/2019 grant of 1,222.823 restricted stock units, and the 01/23/2020 grant of 1,175 restricted stock units, plus in the case of the 01/24/2019 grant, 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.