0001209191-23-004671.txt : 20230124
0001209191-23-004671.hdr.sgml : 20230124
20230124180448
ACCESSION NUMBER: 0001209191-23-004671
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20230120
FILED AS OF DATE: 20230124
DATE AS OF CHANGE: 20230124
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Bergstein Joseph P Jr
CENTRAL INDEX KEY: 0001661030
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-11459
FILM NUMBER: 23549250
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
2023-01-20
0
0000922224
PPL Corp
PPL
0001661030
Bergstein Joseph P Jr
TWO NORTH NINTH STREET
ALLENTOWN
PA
18101
0
1
0
0
EVP and CFO
Common Stock
2023-01-23
4
M
0
7295.24
29.32
A
38765.302
D
Common Stock
2023-01-23
4
F
0
2332
29.32
D
36433.302
D
Common Stock
356.979
I
Held in trust pursuant to the Employee Stock Ownership Plan.
Common Stock
56.767
I
As custodian for children under the Dividend Reinvestment Plan.
Stock Unit (SIP)
2023-01-20
4
A
0
12588
0.00
A
Common Stock
12588
12588
D
Performance Stock Unit (SIP)
2023-01-20
4
A
0
25175
0.00
A
Common Stock
25175
25175
D
Performance Stock Unit (SIP)
2023-01-20
4
A
0
12588
0.00
A
Common Stock
12588
12588
D
Performance Stock Unit (SIP)
2023-01-20
4
A
0
12588
0.00
A
Common Stock
12588
12588
D
Performance Stock Unit (SIP)
2023-01-20
4
J
0
14589.318
0.00
D
Common Stock
14589.318
0
D
Stock Unit (SIP)
0.00
2023-01-23
4
M
0
7295.24
0.00
D
Common Stock
7295.24
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 01/20/2026.
As of 01/24/2023, total restricted stock units beneficially owned is 34,534.817. This total includes the 01/21/2021 grant of 10,953.993 restricted stock units, and the 01/27/2022 grant of 10,992.824 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 01/20/2023 grant of 12,588 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 12/31/2025. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2026.
As of 01/24/2023, total performance units beneficially owned is 152,724.364. This total includes the 01/23/2020 grant of 14,589.318 performance units, the 01/21/2021 grants of 21,906.89 and 21,906.89 performance units, and the three 01/27/2023 grants of (a) 21,984.618, (b) 10,992.824, and (c) 10,992.824 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 01/20/2023 grants of (a) 25,175, (b) 12,588, and (c) 12,588 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 12/31/2025. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2026.
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 12/31/2025. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2026.
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 2020 will be paid out at 0%.
The units vested on 01/23/2023.
/s/ W. Eric Marr, as Attorney-In-Fact for Joseph P. Bergstein, Jr.
2023-01-24
EX-24
2
poa.txt
POA DOCUMENT
POWER OF ATTORNEY
Joseph P. Bergstein Jr., the undersigned, who is deemed to be an executive
officer of PPL Corporation (the "Company"), a Pennsylvania corporation, hereby
appoints Wendy E. Stark, Jeffrey R. Jankowski, Bree F. Archambault, and W. Eric
Marr, and each of them, his true and lawful attorneys-in-fact to execute for the
undersigned and file in his name all Securities and Exchange Commission ("SEC")
forms regarding ownership of Company securities as required of the undersigned
under the provisions of the Securities Act of 1933 and the Securities Exchange
Act of 1934, each as amended, and regulations of the SEC. The undersigned
hereby grants to each such attorney full power and authority to do and perform
in the name of and on behalf of the undersigned, and in any and all capacities,
any act and thing whatsoever required or necessary to be done for such purposes,
as fully and to all intents and purposes as the undersigned might do, hereby
ratifying and approving the acts of each such attorney.
This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file such SEC forms, unless earlier revoked
by the undersigned in a signed writing delivered to the foregoing
attorneys-in-fact.
IN WITNESS WHEREOF, the undersigned has hereunto set his hand this 3rd day of
January, 2023.
/s/ Joseph P. Bergstein Jr.
______________________________
Joseph P. Bergstein Jr.