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PPL Corp — Director's Dealing 2023
Feb 22, 2023
30176_dirs_2023-02-22_20d0afae-2082-45f7-bf5c-1bb7cd9f58ff.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2023-02-17
Reporting Person: Crockett John R III (President of a PPL Subsidiary)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-02-17 | Common Stock | M | 4947 | $28.81 | Acquired | 16307 | Direct |
| 2023-02-17 | Common Stock | F | 1646 | $28.81 | Disposed | 14661 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-02-17 | Stock Unit (ICPKE) | $0.00 | M | 4947 | Disposed | Common Stock (4947) | Direct |
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 Incentive Compensation Plan for Key Employees (ICPKE).
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 2,079.433 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 55,289.631. This total includes the 01/21/2021 grants of 3,664.442 and 3,664.442 performance units, the 10/01/2021 grants of 1,972.589 and 1,972.589 performance units, and the three 01/27/2022 grants of (a) 11,007.269, (b) 5,504.15, and (c) 5,504.15 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) 11,000, (b) 5,500, and (c) 5,500 performance units.