PPL Corp — Director's Dealing 2022

Feb 23, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2022-02-18

Reporting Person: Beers Marlene C (Vice President and Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-18	Common Stock	M	5518	$26.10	Acquired	19711.929	Direct
2022-02-18	Common Stock	F	1707	$26.10	Disposed	18004.929	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-02-18	Performance Stock Unit (SIP)	$0.00	M	5518	Disposed		Common Stock (5518)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1500	Indirect

Footnotes

F1: 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).

F2: Total includes the reinvestment of dividends.

F3: 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 12/31/2021. 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 20,187.264. This total includes the 01/23/2020 grants of 2,651.926 and 2,651.926 performance units and the 01/21/2021 grants of 3,720.206 and 3,720.206 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) 3,721, (b) 1,861, and (c) 1,861 performance units.