PPL Corp — Director's Dealing 2020

Jan 27, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2020-01-23

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-23	Stock Unit (SIP)	$	A	1352	Acquired		Common Stock (1352)	Direct
2020-01-23	Performance Stock Unit (SIP)	$	A	2703	Acquired		Common Stock (2703)	Direct
2020-01-23	Performance Stock Unit (SIP)	$	A	2703	Acquired		Common Stock (2703)	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 01/23/2023.

F3: As of 01/27/2020, total restricted stock units beneficially owned is 7,391.78. This total includes the 02/17/2017 grant of 1,912 restricted stock units, the 01/25/2018 grant of 897.923 restricted stock units, the 02/22/2018 grant of 1,694 restricted stock units, the 01/24/2019 grant of 1,475.384 restricted stock units, and the 07/29/2019 grant of 60.473 restricted stock units, plus in the case of the 01/25/2018, 01/24/2019, and 07/29/2019 grants, 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 01/23/2020 grant of 1,352 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 01/27/2020, total performance units beneficially owned is 15,136.978. This total includes the 01/25/2018 grants of 1,795.848 and 1,795.848 performance units, the 01/24/2019 grants of 2,949.719 and 2,949.719 performance units, and the 07/29/2019 grants of 119.922 and 119.922 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 01/23/2020 grants of 2,703 and 2,703 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.