PPL Corp — Director's Dealing 2022

Jan 31, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2022-01-27

Reporting Person: Dudkin Gregory N (EVP and COO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-01-27	Stock Unit (SIP)	$	A	12985	Acquired		Common Stock (12985)	Direct
2022-01-27	Performance Stock Unit (SIP)	$	A	25970	Acquired		Common Stock (25970)	Direct
2022-01-27	Performance Stock Unit (SIP)	$	A	12985	Acquired		Common Stock (12985)	Direct
2022-01-27	Performance Stock Unit (SIP)	$	A	12985	Acquired		Common Stock (12985)	Direct
2022-01-27	Performance Stock Unit (SIP)	$	J	16390.525	Disposed		Common Stock (16390.525)	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 01/27/2025.

F3: As of 01/31/2022, total restricted stock units beneficially owned is 31,040.563. This total includes the 01/23/2020 grant of 6,725.732 restricted stock units, the 01/21/2021 grant of 8,597.881 restricted stock units, and the 04/12/2021 grant of 2,731.95 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 01/27/2022 grant of 12,985 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 12/31/2024. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2025.

F5: As of 01/31/2022, total performance units beneficially owned is 140,548.405. This total includes the 01/24/2019 grant of 16,390.525 performance units, the 01/23/2020 grants of 13,450.339 and 13,450.339 performance units, the 01/21/2021 grants of 17,194.701 and 17,194.701 performance units, and the 04/12/2021 grants of 5,463.9 and 5,463.9 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) 25,970, (b) 12,985, and (c) 12,985 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 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.

F7: 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 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.

F8: No conversion or exercise price or exercise or expiration date applies.

F9: 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 2019 will be paid out at 0%.

F10: Total includes the reinvestment of dividends.