0001209191-20-004975.txt : 20200127 0001209191-20-004975.hdr.sgml : 20200127 20200127152705 ACCESSION NUMBER: 0001209191-20-004975 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200123 FILED AS OF DATE: 20200127 DATE AS OF CHANGE: 20200127 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SPENCE WILLIAM H CENTRAL INDEX KEY: 0001181274 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11459 FILM NUMBER: 20549338 MAIL ADDRESS: STREET 1: UNIVERSITY OFFICE PLAZA STREET 2: 252 CHAPMAN RD., PO BOX 6066 CITY: NEWARK STATE: DE ZIP: 19714-0066 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PPL Corp CENTRAL INDEX KEY: 0000922224 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] 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 1 doc4.xml FORM 4 SUBMISSION X0306 4 2020-01-23 0 0000922224 PPL Corp PPL 0001181274 SPENCE WILLIAM H TWO NORTH NINTH STREET ALLENTOWN PA 18101 0 1 0 0 Chairman and CEO Common Stock 2020-01-24 4 M 0 35193.685 36.53 A 204950.359 D Common Stock 2020-01-24 4 F 0 11351 36.53 D 193599.359 D Common Stock 144.215 I Held in trust pursuant to the Employee Stock Ownership Plan. Common Stock 12824 I Held in trust for benefit of Mr. Spence's wife. Stock Unit (SIP) 2020-01-23 4 A 0 29911 0.00 A Common Stock 29911 29911 D Performance Stock Unit (SIP) 2020-01-23 4 A 0 59821 0.00 A Common Stock 59821 59821 D Performance Stock Unit (SIP) 2020-01-23 4 A 0 59821 0.00 A Common Stock 59821 59821 D Performance Stock Unit (SIP) 2020-01-23 4 J 0 140772.409 0.00 D Common Stock 140772.409 0 D Stock Unit (SIP) 0.00 2020-01-24 4 M 0 35193.685 0.00 D Common Stock 35193.685 0 D Total includes the reinvestment of dividends. 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). 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 01/23/2023. As of 01/27/2020, total restricted stock units beneficially owned is 201,052.161. This total includes the 02/17/2017 grant of 97,885.199 restricted stock units, the 01/25/2018 grant of 36,805.946 restricted stock units, and the 01/24/2019 grant of 36,450.016 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 01/23/2020 grant of 29,911 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 12/31/2022. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2023. As of 01/27/2020, total performance units beneficially owned is 412,665.856. This total includes the 01/25/2018 grants of 73,611.895 and 73,611.895 performance units, and the 01/24/2019 grants of 72,900.033 and 72,900.033 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 01/23/2020 grants of 59,821 and 59,821 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 return on equity over a three-year performance period ending 12/31/2022. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2023. No conversion or exercise price or exercise or expiration date applies. Represents 0% payout of performance units granted in 2017 due to Company performance below minimum "total shareowner return" threshold at expiration of three-year performance period. The units vested on 01/24/2020. /s/Frederick C. Paine, as Attorney-In-Fact for William H. Spence 2020-01-27