PPL Corp — Director's Dealing 2021

Apr 14, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2021-04-12

Reporting Person: Dudkin Gregory N (EVP and COO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-04-12	Stock Unit (SIP)	$	A	2617	Acquired		Common Stock (2617)	Direct
2021-04-12	Performance Stock Unit (SIP)	$	A	5234	Acquired		Common Stock (5234)	Direct
2021-04-12	Performance Stock Unit (SIP)	$	A	5234	Acquired		Common Stock (5234)	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 04/12/2024.

F3: As of 04/14/2021, total restricted stock units beneficially owned is 25,146.294. This total includes the 01/24/2019 grant of 7,850.439 restricted stock units, the 01/23/2020 grant of 6,442.74 restricted stock units, the 01/21/2021 grant of 8,236.115 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 04/12/2021 grant of 2,617 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 12/31/2023. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2024.

F5: As of 04/14/2021, total performance units beneficially owned is 100,580.982. This total includes the 01/24/2019 grants of 15,700.875 and 15,700.875 performance units, the 01/23/2020 grants of 12,884.401 and 12,884.401 performance units, and the 01/21/2021 grants of 16,471.215 and 16,471.215 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 04/12/2021 grants of 5,234 and 5,234 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 one-year performance period ending 12/31/2021, but will not vest, if at all, until the end of the three-year period ending 12/31/2023. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2024.