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PPL Corp — Director's Dealing 2024
Jan 29, 2024
30176_dirs_2024-01-29_85f88b83-1685-4974-b823-b2fa9accfa18.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: 2024-01-25
Reporting Person: Bergstein Joseph P Jr (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-01-25 | Common Stock | M | 37505 | $25.83 | Acquired | 99687.346 | Direct |
| 2024-01-25 | Common Stock | F | 12552 | $25.83 | Disposed | 87135.346 | Direct |
| 2024-01-25 | Common Stock | M | 22731 | $25.83 | Acquired | 109866.346 | Direct |
| 2024-01-25 | Common Stock | F | 9950 | $25.83 | Disposed | 99916.346 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-01-25 | Stock Unit (SIP) | $ | A | 13379 | Acquired | Common Stock (13379) | Direct | |
| 2024-01-25 | Performance Stock Unit (SIP) | $ | A | 26758 | Acquired | Common Stock (26758) | Direct | |
| 2024-01-25 | Performance Stock Unit (SIP) | $ | A | 13379 | Acquired | Common Stock (13379) | Direct | |
| 2024-01-25 | Performance Stock Unit (SIP) | $ | A | 13379 | Acquired | Common Stock (13379) | Direct | |
| 2024-01-25 | Performance Stock Unit (SIP) | $ | M | 37505 | Disposed | Common Stock (37505) | Direct | |
| 2024-01-25 | Performance Stock Unit (SIP) | $ | M | 22731 | Disposed | Common Stock (22731) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 370.379 | Indirect |
| Common Stock | 58.789 | 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 01/25/2027.
F5: As of 01/29/2024, total restricted stock units beneficially owned is 37,846.111. This total includes the 01/27/2022 grant of 11,405.99 restricted stock units and the 01/20/2023 grant of 13,061.121 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 01/25/2024 grant of 13,379 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 12/31/2026. 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: As of 01/29/2024, total performance units beneficially owned is 151,382.339. This total includes the three 01/27/2022 grants of (a) 22,810.912, (b) 11,405.99, and (c) 11,405.99 performance units and the three 01/20/2023 grants of (a) 26,121.205, (b) 13,061.121, and (c) 13,061.121 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 01/25/2024 grants of (a) 26,758, (b) 13,379, and (c) 13,379 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 12/31/2026. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2027.
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 12/31/2026. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2027.
F10: 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 (165%) based on the Company's return on equity over a one-year performance period ending 12/31/2021. Determination of the percentage of the award earned was made by the People and Compensation Committee on 01/21/2022 and calculation of the underlying shares to be delivered, net of withholding, was completed on 01/25/2024.
F11: 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 (100%) based on the Company's performance relative to an industry peer group over a three-year performance period ending 12/31/2023. Determination of the percentage of the award earned was made by the People and Compensation Committee on 01/25/2024 and calculation of the underlying shares to be delivered, net of withholding, was completed on 01/25/2024.