PPL Corp — Director's Dealing 2023

Feb 22, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2023-02-17

Reporting Person: Sorgi Vincent (President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-17	Common Stock	M	37079	$28.81	Acquired	155999.467	Direct
2023-02-17	Common Stock	F	12667	$28.81	Disposed	143332.467	Direct
2023-02-17	Common Stock	M	48122	$28.81	Acquired	191454.467	Direct
2023-02-17	Common Stock	F	21063	$28.81	Disposed	170391.467	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-17	Stock Unit (SIP)	$0.00	M	37079	Disposed		Common Stock (37079)	Direct
2023-02-17	Stock Unit (SIP)	$0.00	M	48122	Disposed		Common Stock (48122)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	161.066	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 (172.5%, or an additional 15,584.47 units) based on the Company's return on equity over a three-year performance period ending 12/31/2022. Determination of the percentage of the award earned was made by the Compensation Committee on 01/20/2023 and calculation of the underlying shares to be delivered, net of withholding, was completed on 02/17/2023.

F4: As of 02/22/2023, total performance units beneficially owned is 471,481.731. This total includes the 01/21/2021 grants of 75,806.077 and 75,806.077 performance units, and the three 01/27/2023 grants of (a) 77,942.273, (b) 38,971.652, and (c) 38,971.652 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 01/20/2023 grants of (a) 81,992, (b) 40,996, and (c) 40,996 performance units.

F5: 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 (172.5%, or an additional 20,225.474 units) based on the Company's return on equity over a three-year performance period ending 12/31/2022. Determination of the percentage of the award earned was made by the Compensation Committee on 01/20/2023 and calculation of the underlying shares to be delivered, net of withholding, was completed on 02/17/2023.