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PPL Corp — Director's Dealing 2022
May 26, 2022
30176_dirs_2022-05-26_b65f29fd-0d6d-4bdc-a65b-5a2fa601a8a0.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2022-05-25
Reporting Person: Bonenberger David J (President of a PPL Subsidiary)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 34397.61 | Direct |
| Common Stock | 4472.147 | Indirect |
| Common Stock | 100 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Options (Right to Buy) | $25.22 | 2022-07-09 | Common Stock (477) | Direct | |
| Employee Stock Options (Right to Buy) | $26.59 | 2023-01-23 | Common Stock (29080) | Direct | |
| Stock Unit (ICPKE) | $ | Common Stock (1118) | Direct | ||
| Stock Unit (ICPKE) | $ | Common Stock (1522) | Direct | ||
| Stock Unit (ICPKE) | $ | Common Stock (1483) | Direct | ||
| Performance Unit (ICPKE) | $ | Common Stock (2539.531) | Direct | ||
| Performance Unit (ICPKE) | $ | Common Stock (2539.531) | Direct | ||
| Performance Unit (ICPKE) | $ | Common Stock (3245.759) | Direct | ||
| Performance Unit (ICPKE) | $ | Common Stock (3245.759) | Direct | ||
| Performance Unit (ICPKE) | $ | Common Stock (1493.221) | Direct | ||
| Performance Unit (ICPKE) | $ | Common Stock (1493.221) | Direct | ||
| Performance Unit (ICPKE) | $ | Common Stock (2985.434) | Direct |
Footnotes
F1: Total includes the reinvestment of dividends.
F2: The total grant of 477 options vested in three installments on 07/10/13, 07/10/14 and 07/10/15.
F3: The total grant of 29,080 options vested in three installments on 01/24/14, 01/24/15 and 01/24/16.
F4: The units will vest on 01/23/2023.
F5: No conversion or exercise price applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), a restricted stock unit converts to a share of common stock on the applicable vesting date.
F6: The units will vest on 01/21/2024.
F7: The units will vest on 01/27/2025.
F8: No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), 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 12/31/2022. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2023.
F9: No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), 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 12/31/2022. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2023.
F10: No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), 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.
F11: No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), all, some or none of the underlying securities will be earned depending on the Company's return on equity over a one-year performance period ending 12/31/2021, but will not vest, if at all, until the end of the three-year 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.
F12: No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), 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 12/31/2024. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2025.
F13: No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), all, some or none of the underlying securities will be earned depending on the Company's earnings growth over a three-year performance period ending 12/31/2024. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2025
F14: No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), all, some or none of the underlying securities will be earned depending on the Company's achievement of certain ESG-related metrics over a three-year performance period ending 12/31/2024. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2025