Joseph P. Bergstein Jr - Feb 18, 2022 Form 4 Insider Report for PPL Corp (PPL)

Role
EVP and CFO
Signature
/s/ W. Eric Marr, as Attorney-In-Fact for Joseph P. Bergstein, Jr.
Stock symbol
PPL
Transactions as of
Feb 18, 2022
Transactions value $
$321,317
Form type
4
Date filed
2/23/2022, 04:51 PM
Previous filing
Feb 11, 2022
Next filing
Jul 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PPL Common Stock Options Exercise $452K +17.3K +97.8% $26.10 35.1K Feb 18, 2022 Direct F1
transaction PPL Common Stock Tax liability -$131K -5.02K -14.33% $26.10 30K Feb 18, 2022 Direct F1, F2
holding PPL Common Stock 346 Feb 18, 2022 Held in trust pursuant to the Employee Stock Ownership Plan. F1
holding PPL Common Stock 55.1 Feb 18, 2022 As custodian for children under the Dividend Reinvestment Plan. F1

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 Performance Stock Unit (ICPKE) Options Exercise $0 -7.28K -100% $0.00* 0 Feb 18, 2022 Common Stock 7.28K $0.00 Direct F1, F3, F4
transaction PPL Performance Stock Unit (SIP) Options Exercise $0 -10.1K -100% $0.00* 0 Feb 18, 2022 Common Stock 10.1K $0.00 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 Incentive Compensation Plan for Key Employees (ICPKE) or the Stock Incentive Plan (SIP), as applicable.
F3 No conversion or exercise price or exercise or expiration date applies. Under the terms of both the Incentive Compensation Plan for Key Employees (ICPKE) and the Stock Incentive Plan (SIP), the underlying securities were earned (200%) based on the Company's return on equity over a three-year performance period ending 12/31/2021. Determination of the percentage of the award earned was made by the Compensation Committee on 01/27/2022 and calculation of the underlying shares to be delivered, net of withholding, was completed on 02/18/2022.
F4 As of 02/23/2022, total performance units beneficially owned is 113,368.26. This total includes the 01/23/2020 grants of 14,140.968 and 14,140.968 performance units and the 01/21/2021 grants of 21,233.662 and 21,233.662 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 01/27/2022 grants of (a) 21,309, (b) 10,655, and (c) 10,655 performance units.