John R. Crockett III - Oct 1, 2021 Form 4 Insider Report for PPL Corp (PPL)

Role
President of a PPL Subsidiary
Signature
/s/ W. Eric Marr, as Attorney-In-Fact for John R. Crockett III
Stock symbol
PPL
Transactions as of
Oct 1, 2021
Transactions value $
$0
Form type
4
Date filed
10/5/2021, 04:23 PM
Next filing
Jan 26, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PPL Stock Unit (SIP) Award $0 +943 $0.00 943 Oct 1, 2021 Common Stock 943 Direct F1, F2, F3
transaction PPL Performance Stock Unit (SIP) Award $0 +1.89K $0.00 1.89K Oct 1, 2021 Common Stock 1.89K Direct F4, F5
transaction PPL Performance Stock Unit (SIP) Award $0 +1.89K $0.00 1.89K Oct 1, 2021 Common Stock 1.89K Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 10/01/2024.
F3 As of 10/05/2021, total restricted stock units beneficially owned is 5,278. This total includes the 01/24/2019 grant of 1,426 restricted stock units, the 01/23/2020 grant of 1,232 restricted stock units, the 01/21/2021 grant of 1,677 restricted stock units, and the 10/01/2021 grant of 943 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 12/31/2023. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2024.
F5 As of 10/05/2021, total performance units beneficially owned is 22,944.326. This total includes the 01/24/2019 grants of 3,340.883 and 3,340.883 performance units, the 01/23/2020 grants of 2,741.693 and 2,741.693 performance units, and the 01/21/2021 grants of 3,503.587 and 3,503.587 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 10/01/2021 grants of 1,886 and 1,886 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 return on equity over a one-year performance period ending 12/31/2021, but will not vest, if at all, until the end of the three-year period ending 12/31/2023. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2024.