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PPL Corp — Director's Dealing 2021
Feb 22, 2021
30176_dirs_2021-02-22_f58994be-e756-43d8-b481-74f54321833d.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2021-02-18
Reporting Person: Bergstein Joseph P Jr (SVP and CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-02-18 | Common Stock | M | 6513 | $27.77 | Acquired | 20315.386 | Direct |
| 2021-02-18 | Common Stock | F | 1915 | $27.77 | Disposed | 18400.386 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-02-18 | Performance Stock Unit (ICPKE) | $0.00 | M | 6513 | Disposed | Common Stock (6513) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 326.627 | Indirect |
| Common Stock | 52.18 | 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 Incentive Compensation Plan for Key Employees (ICPKE).
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 83,174.516. This total includes the 01/24/2019 grants of 3,438.224 and 3,438.224 performance units, the 07/01/2019 grants of 4,744.683 and 4,744.683 performance units, and the 01/23/2020 grants of 13,353.351 and 13,353.351 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 20,051 and 20,051 performance units.