PPL Corp — Director's Dealing 2021

Jan 25, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2021-01-21

Reporting Person: Sorgi Vincent (President and CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-21	Stock Unit (SIP)	$	A	34692	Acquired		Common Stock (34692)	Direct
2021-01-21	Performance Stock Unit (SIP)	$	A	69384	Acquired		Common Stock (69384)	Direct
2021-01-21	Performance Stock Unit (SIP)	$	A	69384	Acquired		Common Stock (69384)	Direct
2021-01-21	Performance Stock Unit (SIP)	$	J	17806.194	Disposed		Common Stock (17806.194)	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 01/21/2024.

F3: As of 01/25/2021, total restricted stock units beneficially owned is 76,977.891. This total includes the 01/25/2018 grant of 8,903.691 restricted stock units, the 01/24/2019 grant of 9,618.28 restricted stock units, the 07/01/2019 grant of 1,161.05 restricted stock units, the 01/23/2020 grant of 9,836.788 restricted stock units, and the 06/01/2020 grant of 12,766.082 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 01/21/2021 grant of 34,692 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 01/25/2021, total performance units beneficially owned is 290,105.086. This total includes the 01/25/2018 grant of 17,806.194 performance units, the 01/24/2019 grants of 19,236.56 and 19,236.56 performance units, the 07/01/2019 grants of 2,322.1 and 2,322.1 performance units, the 01/23/2020 grants of 19,673.575 and 19,673.575 performance units, and the 06/01/2020 grants of 25,533.211 and 25,533.211 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 69,384 and 69,384 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 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.

F7: No conversion or exercise price or exercise or expiration date applies.

F8: 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%.

F9: Total includes the reinvestment of dividends.