0001209191-23-004677.txt : 20230124 0001209191-23-004677.hdr.sgml : 20230124 20230124181120 ACCESSION NUMBER: 0001209191-23-004677 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230120 FILED AS OF DATE: 20230124 DATE AS OF CHANGE: 20230124 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Raymond Stephanie R CENTRAL INDEX KEY: 0001856197 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11459 FILM NUMBER: 23549268 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 0001856197 Raymond Stephanie R TWO NORTH NINTH STREET ALLENTOWN PA 18101 0 1 0 0 President of a PPL Subsidiary Common Stock 2023-01-23 4 M 0 1147 29.32 A 24329 D Common Stock 2023-01-23 4 F 0 491 29.32 D 23838 D Common Stock 45.842 I Held in trust pursuant to the Employee Stock Ownership Plan. Stock Unit (SIP) 2023-01-20 4 A 0 5254 0.00 A Common Stock 5254 5254 D Performance Stock Unit (SIP) 2023-01-20 4 A 0 10508 0.00 A Common Stock 10508 10508 D Performance Stock Unit (SIP) 2023-01-20 4 A 0 5254 0.00 A Common Stock 5254 5254 D Performance Stock Unit (SIP) 2023-01-20 4 A 0 5254 0.00 A Common Stock 5254 5254 D Performance Stock Unit (ICPKE) 2023-01-20 4 J 0 2670.807 0.00 D Common Stock 2670.807 0 D Stock Unit (ICPKE) 0.00 2023-01-23 4 M 0 1147 0.00 D Common Stock 1147 0 D 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). Total includes the reinvestment of dividends. 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 14,655.635. This total includes the 01/21/2021 grant of 1,563 restricted stock units, the 04/12/2022 grant of 2,739.946 restricted stock units, and the 01/27/2022 grant of 5,098.689 restricted stock units, plus in the case of the 04/12/2021 and 01/27/2022 grants, 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 5,254 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 61,866.658. This total includes the 01/23/2020 grant of 2,670.807 performance units, the 01/21/2021 grants of 3,414.247 and 3,414.247 performance units, the 04/12/2021 grants of 5,478.815 and 5,478.815 performance units, and the three 01/27/2022 grants of (a) 10,196.349, (b) 5,098.689, and (c) 5,098.689 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) 10,508, (b) 5,254, and (c) 5,254 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 Stephanie R. Raymond 2023-01-24