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PPL Corp — Director's Dealing 2024
May 6, 2024
30176_dirs_2024-05-06_f706baba-f144-46a9-ad5c-9deef4b85619.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: 2024-05-02
Reporting Person: Cornett John Gregory (N/A)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-05-02 | Stock Unit (SIP) | $ | A | 142 | Acquired | Common Stock (142) | Direct | |
| 2024-05-02 | Performance Unit (SIP) | $ | A | 284 | Acquired | Common Stock (284) | Direct | |
| 2024-05-02 | Performance Unit (SIP) | $ | A | 142 | Acquired | Common Stock (142) | Direct | |
| 2024-05-02 | Performance Unit (SIP) | $ | A | 142 | Acquired | Common Stock (142) | 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 05/02/2027.
F3: As of 05/06/2024, total restricted stock units beneficially owned is 4,749.648. This total includes the 01/27/2022 grant of 1,166 restricted stock units, the 01/20/2023 grant of 1,237 restricted stock units, the 01/25/2024 grant of 1,488 restricted stock units, and the 03/04/2024 grant of 716.648 restricted stock units, which in the case of the 03/04/2024 grant, includes 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, plus the 05/02/2024 grant of 142 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 12/31/2026. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2027.
F5: As of 05/06/2024, total performance units beneficially owned is 19,661.723. This total includes the three 01/27/2022 grants of (a) 2,518.66, (b) 1,259.872, and (c) 1,259.872 performance units, the three 01/20/2023 grants of (a) 2,589.975, (b) 1,295.51, and (c) 1,295.51 performance units, the 01/25/2024 grants of (a) 3,003.866, (b) 1,501.933, (c) 1,501.933 performance units, and the 03/04/2024 grants of (a) 1,433.296, (b) 716.648, and (c) 716.648 performance units, which includes 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, plus the three 05/02/2024 grants of (a) 284, (b) 142, and (c) 142 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 12/31/2026. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2027.
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 12/31/2026. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2027.