AI assistant
PPL Corp — Director's Dealing 2022
Feb 23, 2022
30176_dirs_2022-02-23_5f09363d-9b91-4ca4-b82e-7b79ab6d0a5e.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2022-02-18
Reporting Person: Bergstein Joseph P Jr (EVP and CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-02-18 | Common Stock | M | 17333 | $26.10 | Acquired | 35055.219 | Direct |
| 2022-02-18 | Common Stock | F | 5022 | $26.10 | Disposed | 30033.219 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-02-18 | Performance Stock Unit (ICPKE) | $0.00 | M | 7283 | Disposed | Common Stock (7283) | Direct | |
| 2022-02-18 | Performance Stock Unit (SIP) | $0.00 | M | 10050 | Disposed | Common Stock (10050) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 345.943 | Indirect |
| Common Stock | 55.1 | 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) or the Stock Incentive Plan (SIP), as applicable.
F3: No conversion or exercise price or exercise or expiration date applies. Under the terms of both the Incentive Compensation Plan for Key Employees (ICPKE) and 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 12/31/2021. Determination of the percentage of the award earned was made by the Compensation Committee on 01/27/2022 and calculation of the underlying shares to be delivered, net of withholding, was completed on 02/18/2022.
F4: As of 02/23/2022, total performance units beneficially owned is 113,368.26. This total includes the 01/23/2020 grants of 14,140.968 and 14,140.968 performance units and the 01/21/2021 grants of 21,233.662 and 21,233.662 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 three 01/27/2022 grants of (a) 21,309, (b) 10,655, and (c) 10,655 performance units.