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: Swift Philip (Chief Exec of a PPL Subsidiary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-24	Common Stock	M	1185	$36.53	Acquired	1185	Direct
2020-01-24	Common Stock	F	557	$36.53	Disposed	628	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-23	Stock Unit (SIP)	$	A	3003	Acquired		Common Stock (3003)	Direct
2020-01-23	Performance Stock Unit (SIP)	$	A	6006	Acquired		Common Stock (6006)	Direct
2020-01-23	Performance Stock Unit (SIP)	$	A	6006	Acquired		Common Stock (6006)	Direct
2020-01-23	Performance Stock Unit (SIP)	$	J	5518.658	Disposed		Common Stock (5518.658)	Direct
2020-01-24	Stock Unit (ICPKE)	$0.00	M	1185	Disposed		Common Stock (1185)	Direct

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 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.

F3: The units will vest on 01/23/2023.

F4: As of 01/27/2020, total restricted stock units beneficially owned is 11,628.08. This total includes the 02/17/2017 grant of 3,255 restricted stock units, the 01/25/2018 grant of 1,706 restricted stock units, the 12/20/2018 grant of 172.584 restricted stock units, the 01/24/2019 grant of 2,859.217 restricted stock units, and the 12/09/2019 grant of 632.279 restricted stock units, plus in the case of the 12/20/2018, 01/24/2019, and 12/09/2019 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 3,003 restricted stock units.

F5: 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.

F6: As of 01/27/2020, total performance units beneficially owned is 34,264.44. This total includes the 01/25/2018 grants of 3,801.136 and 3,801.136 performance units, the 12/20/2018 grants of 344.116 and 344.116 performance units, the 01/24/2019 grants of 5,718.434 and 5,718.434 performance units, and the 12/09/2019 grants of 1,262.534 and 1,262.534 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 6,006 and 6,006 performance units.

F7: 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.

F8: No conversion or exercise price or exercise or expiration date applies.

F9: Represents 0% payout of performance units granted in 2017 due to Company performance below minimum "total shareowner return" threshold at expiration of three-year performance period.

F10: Total includes the reinvestment of dividends.

F11: The units vested on 01/24/2020.