0001209191-23-011698.txt : 20230222 0001209191-23-011698.hdr.sgml : 20230222 20230222164308 ACCESSION NUMBER: 0001209191-23-011698 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230217 FILED AS OF DATE: 20230222 DATE AS OF CHANGE: 20230222 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: 23653967 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 2023-02-17 0 0000922224 PPL Corp PPL 0001488215 Sorgi Vincent TWO NORTH NINTH STREET ALLENTOWN PA 18101 0 1 0 0 President and CEO Common Stock 2023-02-17 4 M 0 37079 28.81 A 155999.467 D Common Stock 2023-02-17 4 F 0 12667 28.81 D 143332.467 D Common Stock 2023-02-17 4 M 0 48122 28.81 A 191454.467 D Common Stock 2023-02-17 4 F 0 21063 28.81 D 170391.467 D Common Stock 161.066 I Held in trust pursuant to the Employee Stock Ownership Plan. Stock Unit (SIP) 0.00 2023-02-17 4 M 0 37079 0.00 D Common Stock 37079 0 D Stock Unit (SIP) 0.00 2023-02-17 4 M 0 48122 0.00 D Common Stock 48122 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 or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), the underlying securities were earned (172.5%, or an additional 15,584.47 units) based on the Company's return on equity over a three-year performance period ending 12/31/2022. Determination of the percentage of the award earned was made by the Compensation Committee on 01/20/2023 and calculation of the underlying shares to be delivered, net of withholding, was completed on 02/17/2023. As of 02/22/2023, total performance units beneficially owned is 471,481.731. This total includes 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), the underlying securities were earned (172.5%, or an additional 20,225.474 units) based on the Company's return on equity over a three-year performance period ending 12/31/2022. Determination of the percentage of the award earned was made by the Compensation Committee on 01/20/2023 and calculation of the underlying shares to be delivered, net of withholding, was completed on 02/17/2023. /s/ W. Eric Marr, as Attorney-In-Fact for Vincent Sorgi 2023-02-22