0001209191-23-004678.txt : 20230124
0001209191-23-004678.hdr.sgml : 20230124
20230124181205
ACCESSION NUMBER: 0001209191-23-004678
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: Sorgi Vincent
CENTRAL INDEX KEY: 0001488215
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-11459
FILM NUMBER: 23549270
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
0001488215
Sorgi Vincent
TWO NORTH NINTH STREET
ALLENTOWN
PA
18101
0
1
0
0
President and CEO
Common Stock
2023-01-23
4
M
0
10747.266
29.32
A
122209.467
D
Common Stock
2023-01-23
4
F
0
3289
29.32
D
118920.467
D
Common Stock
161.066
I
Held in trust pursuant to the Employee Stock Ownership Plan.
Stock Unit (SIP)
2023-01-20
4
A
0
40996
0.00
A
Common Stock
40996
40996
D
Performance Stock Unit (SIP)
2023-01-20
4
A
0
81992
0.00
A
Common Stock
81992
81992
D
Performance Stock Unit (SIP)
2023-01-20
4
A
0
40996
0.00
A
Common Stock
40996
40996
D
Performance Stock Unit (SIP)
2023-01-20
4
A
0
40996
0.00
A
Common Stock
40996
40996
D
Performance Stock Unit (SIP)
2023-01-20
4
J
0
21494.53
0.00
D
Common Stock
21494.53
0
D
Performance Stock Unit (SIP)
2023-01-20
4
J
0
27896.526
0.00
D
Common Stock
27896.526
0
D
Stock Unit (SIP)
0.00
2023-01-23
4
M
0
10747.266
0.00
D
Common Stock
10747.266
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 Stock Incentive Plan (SIP).
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 131,818.383. This total includes the 06/01/2020 grant of 13,947.692 restricted stock units, the 01/21/2021 grant of 37,903.039 restricted stock units, and the 01/27/2022 grant of 38,971.652 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 40,996 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 520,872.787. This total includes the 01/23/2020 grant of 21,494.53 performance units, the 06/01/2020 grant of 27,896.526 performance units, the 01/21/2021 grants of 75,806.077 and 75,806.077 performance units, and the three 01/27/2023 grants of (a) 77,942.273, (b) 38,971.652, and (c) 38,971.652 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) 81,992, (b) 40,996, and (c) 40,996 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 Vincent Sorgi
2023-01-24
EX-24
2
poa.txt
POA DOCUMENT
POWER OF ATTORNEY
Vincent Sorgi, 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/ Vincent Sorgi
______________________________
Vincent Sorgi