0000950170-24-008375.txt : 20240129
0000950170-24-008375.hdr.sgml : 20240129
20240129165921
ACCESSION NUMBER: 0000950170-24-008375
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240125
FILED AS OF DATE: 20240129
DATE AS OF CHANGE: 20240129
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Crockett John R III
CENTRAL INDEX KEY: 0001884355
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-11459
FILM NUMBER: 24574468
MAIL ADDRESS:
STREET 1: TWO NORTH NINTH STREET
CITY: ALLENTOWN
STATE: PA
ZIP: 18101
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PPL Corp
CENTRAL INDEX KEY: 0000922224
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911]
ORGANIZATION NAME: 01 Energy & Transportation
IRS NUMBER: 232758192
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: TWO N NINTH ST
CITY: ALLENTOWN
STATE: PA
ZIP: 18101-1179
BUSINESS PHONE: 610-774-5151
MAIL ADDRESS:
STREET 1: TWO N NINTH ST
CITY: ALLENTOWN
STATE: PA
ZIP: 18101-1179
FORMER COMPANY:
FORMER CONFORMED NAME: PPL CORP
DATE OF NAME CHANGE: 20000214
FORMER COMPANY:
FORMER CONFORMED NAME: PP&L RESOURCES INC
DATE OF NAME CHANGE: 19941123
4
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2024-01-25
0000922224
PPL Corp
PPL
0001884355
Crockett John R III
TWO NORTH NINTH STREET
ALLENTOWN
PA
18101
false
true
false
false
President of a PPL Subsidiary
false
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2024-01-25
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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).
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.
The units will vest on 01/25/2027.
As of 01/29/2024, total restricted stock units beneficially owned is 18,269.109. This total includes the 10/01/2021 grant of 1,023.366 restricted stock units, the 01/27/2022 grant of 5,711.024 restricted stock units, and the 01/20/2023 grant of 5,706.719 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 5,828 restricted stock units.
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.
As of 01/29/2024, total performance units beneficially owned is 68,980.901. This total includes the three 01/27/2022 grants of (a) 11,420.978, (b) 5,711.024, and (c) 5,711.024 performance units, and the three 01/20/2023 grants of (a) 11,413.437, (b) 5,706.719, and (c) 5,706.719 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) 11,655, (b) 5,828, and (c) 5,828 performance units.
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.
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.
No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), 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.
Total includes the reinvestment of dividends.
No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), 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.
/s/ W. Eric Marr, as Attorney-In-Fact for John R. Crockett III
2024-01-29