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: 2021-01-21

Reporting Person: SPENCE WILLIAM H (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-18	Common Stock	M	156886	$27.77	Acquired	187863.25	Direct
2021-02-18	Common Stock	F	63506	$27.77	Disposed	124357.25	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-21	Performance Stock Unit (SIP)	$0.00	J	78442.702	Disposed		Common Stock (78442.702)	Direct
2021-02-18	Performance Stock Unit (SIP)	$0.00	M	156886	Disposed		Common Stock (156886)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	153.679	Indirect
Common Stock	12824	Indirect

Footnotes

F1: Total includes the reinvestment of dividends.

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: The Company did not achieve the threshold percentile ranking in the applicable index to trigger share awards, therefore performance units based on TSR granted in 2018 will be paid out at 0%.

F4: No conversion or exercise price or exercise or expiration date applies.

F5: As of 02/22/2021, total performance units beneficially owned is 219,115.021. This total includes the 01/24/2019 grants of 77,684.123 and 77,684.123 performance units and the 01/23/2020 grant of 63,746.755 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. Mr. Spence forfeited 61,869.811 performance units in connection with his retirement pursuant to the terms of the Stock Incentive Plan.

F6: 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.