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: Swift Philip (Chief Exec of a PPL Subsidiary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-18	Common Stock	M	8102	$27.77	Acquired	12821	Direct
2021-02-18	Common Stock	F	3808	$27.77	Disposed	9013	Direct
2021-02-18	Common Stock	M	734	$27.77	Acquired	9747	Direct
2021-02-18	Common Stock	F	345	$27.77	Disposed	9402	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-18	Performance Stock Unit (ICPKE)	$0.00	M	8102	Disposed		Common Stock (8102)	Direct
2021-02-18	Performance Stock Unit (SIP)	$0.00	M	734	Disposed		Common Stock (734)	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: 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).

F3: 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 12/31/2020. 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 48,630.618. This total includes the 01/24/2019 grants of 6,093.709 and 6,093.709 performance units, the 12/09/2019 grants of 1,345.389 and 1,345.389 performance units, and the 01/23/2020 grants of 6,401.211 and 6,401.211 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 10,475 and 10,475 performance units.

F5: 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.