PPL Corp — Director's Dealing 2023

Jan 25, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2023-01-20

Reporting Person: Bergstein Joseph P Jr (EVP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-01-23	Common Stock	M	7295.24	$29.32	Acquired	38765.302	Direct
2023-01-23	Common Stock	F	2332	$29.32	Disposed	36433.302	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-01-20	Stock Unit (SIP)	$	A	12588	Acquired		Common Stock (12588)	Direct
2023-01-20	Performance Stock Unit (SIP)	$	A	25175	Acquired		Common Stock (25175)	Direct
2023-01-20	Performance Stock Unit (SIP)	$	A	12588	Acquired		Common Stock (12588)	Direct
2023-01-20	Performance Stock Unit (SIP)	$	A	12588	Acquired		Common Stock (12588)	Direct
2023-01-20	Performance Stock Unit (SIP)	$	J	14589.318	Disposed		Common Stock (14589.318)	Direct
2023-01-23	Stock Unit (SIP)	$0.00	M	7295.24	Disposed		Common Stock (7295.24)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	356.979	Indirect
Common Stock	56.767	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 Stock Incentive Plan (SIP).

F3: 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.

F4: The units will vest on 01/20/2026.

F5: As of 01/24/2023, total restricted stock units beneficially owned is 34,534.817. This total includes the 01/21/2021 grant of 10,953.993 restricted stock units, and the 01/27/2022 grant of 10,992.824 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 01/20/2023 grant of 12,588 restricted stock 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 performance relative to an industry peer group over a three-year performance period ending 12/31/2025. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2026.

F7: As of 01/24/2023, total performance units beneficially owned is 152,724.364. This total includes the 01/23/2020 grant of 14,589.318 performance units, the 01/21/2021 grants of 21,906.89 and 21,906.89 performance units, and the three 01/27/2023 grants of (a) 21,984.618, (b) 10,992.824, and (c) 10,992.824 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) 25,175, (b) 12,588, and (c) 12,588 performance units.

F8: 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 12/31/2025. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2026.

F9: 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 12/31/2025. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2026.

F10: No conversion or exercise price or exercise or expiration date applies.

F11: 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 2020 will be paid out at 0%.

F12: The units vested on 01/23/2023.