PPL Corp — Director's Dealing 2021

Feb 22, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2021-02-18

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-18	Common Stock	M	3828	$27.77	Acquired	7370.737	Direct
2021-02-18	Common Stock	F	1237	$27.77	Disposed	6133.737	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-18	Performance Stock Unit (SIP)	$0.00	M	3828	Disposed		Common Stock (3828)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	83.947	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 Stock Incentive Plan (SIP).

F2: Total includes the reinvestment of dividends.

F3: No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), the underlying securities were earned (200%) based on the Company's return on equity over a three-year performance period ending 12/31/2020. Determination of the percentage of the award earned was made by the Compensation Committee on 01/21/2021 and calculation of the underlying shares to be delivered, net of withholding, was completed on 02/18/2021.

F4: As of 02/22/2021, total performance units beneficially owned is 19,666.94. This total includes the 01/24/2019 grants of 3,143.294 and 3,143.294 performance units, the 07/29/2019 grants of 127.791 and 127.791 performance units, and the 01/23/2020 grants of 2,880.385 and 2,880.385 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 01/21/2021 grants of 3,682 and 3,682 performance units