0001209191-22-005569.txt : 20220131 0001209191-22-005569.hdr.sgml : 20220131 20220131163555 ACCESSION NUMBER: 0001209191-22-005569 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220127 FILED AS OF DATE: 20220131 DATE AS OF CHANGE: 20220131 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Crockett John R III CENTRAL INDEX KEY: 0001884355 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11459 FILM NUMBER: 22574469 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] 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 2022-01-27 0 0000922224 PPL Corp PPL 0001884355 Crockett John R III TWO NORTH NINTH STREET ALLENTOWN PA 18101 0 1 0 0 President of a PPL Subsidiary Stock Unit (SIP) 2022-01-27 4 A 0 5335 0.00 A Common Stock 5335 5335 D Performance Stock Unit (SIP) 2022-01-27 4 A 0 10669 0.00 A Common Stock 10669 10669 D Performance Stock Unit (SIP) 2022-01-27 4 A 0 5335 0.00 A Common Stock 5335 5335 D Performance Stock Unit (SIP) 2021-01-27 4 A 0 5335 0.00 A Common Stock 5335 5335 D Performance Stock Unit (ICPKE) 2022-01-27 4 J 0 3386.884 0.00 D Common Stock 3386.884 0 D 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 01/27/2025. As of 01/31/2022, total restricted stock units beneficially owned is 9,199.984. This total includes 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 955.984 restricted stock units, plus in the case of the 10/01/2021 grant, 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 01/27/2022 grant of 5,335 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 12/31/2024. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2025. As of 01/31/2022, total performance units beneficially owned is 41,212.362. This total includes the 01/24/2019 grant of 3,386.884 performance units, the 01/23/2020 grants of 2,779.443 and 2,779.443 performance units, the 01/21/2021 grants of 3,551.828 and 3,551.828 performance units, and the 10/01/2021 grants of 1,911.968 and 1,911.968, 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) 10,669, (b) 5,335, and (c) 5,335 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 12/31/2024. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2025. 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 12/31/2024. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2025. No conversion or exercise price or exercise or expiration date applies. The Company did not achieve the threshold percentile ranking in the applicable index to trigger share awards, therefore performance units based on TSR granted in 2019 will be paid out at 0%. Total includes the reinvestment of dividends. /s/ W. Eric Marr, as Attorney-In-Fact for John R. Crockett III 2022-01-31