SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Bonenberger David J

(Last)

(First)

(Middle)

TWO NORTH NINTH STREET

(Street)

ALLENTOWN

18101

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
05/25/2022

3. Issuer Name and Ticker or Trading Symbol
PPL Corp [ PPL ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President of a PPL Subsidiary

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	34,397.61⁽¹⁾	D
Common Stock	4,472.147⁽¹⁾	I	Held in trust pursuant to the Employee Stock Ownership Plan.
Common Stock	100	I	By Spouse in IRA

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Options (Right to Buy)	⁽²⁾	07/09/2022	Common Stock	477	$25.22	D
Employee Stock Options (Right to Buy)	⁽³⁾	01/23/2023	Common Stock	29,080	$26.59	D
Stock Unit (ICPKE)	⁽⁴⁾	⁽⁴⁾	Common Stock	1,118	⁽⁵⁾	D
Stock Unit (ICPKE)	⁽⁶⁾	⁽⁶⁾	Common Stock	1,522	⁽⁵⁾	D
Stock Unit (ICPKE)	⁽⁷⁾	⁽⁷⁾	Common Stock	1,483	⁽⁵⁾	D
Performance Unit (ICPKE)	⁽⁸⁾	⁽⁸⁾	Common Stock	2,539.531⁽¹⁾	⁽⁸⁾	D
Performance Unit (ICPKE)	⁽⁹⁾	⁽⁹⁾	Common Stock	2,539.531⁽¹⁾	⁽⁹⁾	D
Performance Unit (ICPKE)	⁽¹⁰⁾	⁽¹⁰⁾	Common Stock	3,245.759⁽¹⁾	⁽¹⁰⁾	D
Performance Unit (ICPKE)	⁽¹¹⁾	⁽¹¹⁾	Common Stock	3,245.759⁽¹⁾	⁽¹¹⁾	D
Performance Unit (ICPKE)	⁽¹²⁾	⁽¹²⁾	Common Stock	1,493.221⁽¹⁾	⁽¹²⁾	D
Performance Unit (ICPKE)	⁽¹³⁾	⁽¹³⁾	Common Stock	1,493.221⁽¹⁾	⁽¹³⁾	D
Performance Unit (ICPKE)	⁽¹⁴⁾	⁽¹⁴⁾	Common Stock	2,985.434⁽¹⁾	⁽¹⁴⁾	D

Explanation of Responses:

1. Total includes the reinvestment of dividends.

2. The total grant of 477 options vested in three installments on 07/10/13, 07/10/14 and 07/10/15.

3. The total grant of 29,080 options vested in three installments on 01/24/14, 01/24/15 and 01/24/16.

4. The units will vest on 01/23/2023.

5. No conversion or exercise price applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), a restricted stock unit converts to a share of common stock on the applicable vesting date.

6. The units will vest on 01/21/2024.

7. The units will vest on 01/27/2025.

8. No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), 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.

9. No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), 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.

10. No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), 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.

11. No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), 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.

12. No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), 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.

13. No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), 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

14. No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), 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

Remarks:

	/s/ W. Eric Marr, as Attorney-In-Fact for David J. Bonenberger	05/26/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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