X0306 4 2019-01-24 0 0000922224 PPL Corp PPL 0001488215 Sorgi Vincent TWO NORTH NINTH STREET ALLENTOWN PA 18101 0 1 0 0 EVP and CFO Stock Unit (SIP) 2019-01-24 4 A 0 8577 0.00 A Common Stock 8577 8577 D Performance Stock Unit (SIP) 2019-01-24 4 A 0 17154 0.00 A Common Stock 17154 17154 D Performance Stock Unit (SIP) 2019-01-24 4 A 0 17154 0.00 A Common Stock 17154 17154 D Performance Stock Unit (SIP) 2019-01-24 4 J 0 20837.387 0.00 D Common Stock 20837.387 0 D 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 01/24/2022. As of 01/25/2019, total restricted stock units beneficially owned is 42,387.978. This total includes the 01/26/2017 grant of 7,090.684, the 02/17/2017 grant of 18,780.521 restricted stock units, and the 01/25/2018 grant of 7,939.773 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 01/24/2019 grant of 8,577 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 12/31/2021. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation, Governance and Nominating Committee in January 2022. As of 01/25/2019, total performance units beneficially owned is 94,425.5. This total includes the 01/26/2017 grants of 21,269.842 and 7,090.684 performance units, and the 01/25/2018 grants of 15,878.487 and 15,878.487 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 01/24/2019 grants of 17,154 and 17,154 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 return on equity over a three-year performance period ending December 31, 2021. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation, Governance and Nominating Committee in January 2022. No conversion or exercise price or exercise or expiration date applies. Represents 0% payout of performance units granted in 2016 due to Company performance below minimum "total shareowner return" threshold at expiration of three-year performance period. Total includes the reinvestment of dividends. /s/Frederick C. Paine, as Attorney-In-Fact for Vincent Sorgi 2019-01-25