0000950170-24-008405.txt : 20240129 0000950170-24-008405.hdr.sgml : 20240129 20240129172239 ACCESSION NUMBER: 0000950170-24-008405 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240125 FILED AS OF DATE: 20240129 DATE AS OF CHANGE: 20240129 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Sullivan Francis X CENTRAL INDEX KEY: 0001959928 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11459 FILM NUMBER: 24574766 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] ORGANIZATION NAME: 01 Energy & Transportation 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 ownership.xml 4 X0508 4 2024-01-25 0000922224 PPL Corp PPL 0001959928 Sullivan Francis X TWO NORTH NINTH STREET ALLENTOWN PA 18101 false true false false EVP and COO false Common Stock 2024-01-25 4 M false 833 25.83 A 833 D Common Stock 2024-01-25 4 F false 357 25.83 D 476 D Common Stock 2024-01-25 4 M false 505 25.83 A 981 D Common Stock 2024-01-25 4 F false 217 25.83 D 764 D Stock Unit (SIP) 2024-01-25 4 A false 13202 0.00 A Common Stock 13202 13202 D Performance Stock Unit (SIP) 2024-01-25 4 A false 26404 0.00 A Common Stock 26404 26404 D Performance Stock Unit (SIP) 2024-01-25 4 A false 13202 0.00 A Common Stock 13202 13202 D Performance Stock Unit (SIP) 2024-01-25 4 A false 13202 0.0 A Common Stock 13202 13202 D Performance Stock Unit (ICPKE) 2024-01-25 4 M false 833 0 D Common Stock 833 0 D Performance Stock Unit (ICPKE) 2024-01-25 4 M false 505 0.0 D Common Stock 505 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). 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 01/25/2027. As of 01/29/2024, total restricted stock units beneficially owned is 23,124.933. This total includes the 10/01/2021 grant of 233 restricted stock units, the 01/27/2022 grant of 913 restricted stock units, and the 01/20/2023 grant of 8,776.933 restricted stock units, plus in the case of the 01/20/2023 grant, 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 01/25/2024 grant of 13,202 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 12/31/2026. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2027. As of 01/29/2024, total performance units beneficially owned is 91,823.028. This total includes the three 01/27/2022 grants of (a) 1,953.631, (b) 977.352, and (c) 977.352 performance units, and the three 01/20/2023 grants of (a) 17,552.827 (b) 8,776.933, and (c) 8,776.933 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 01/25/2024 grants of (a) 26,404, (b) 13,202, and (c) 13,202 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 12/31/2026. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2027. 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 12/31/2026. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2027. No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), the underlying securities were earned (165%) based on the Company's return on equity over a one-year performance period ending 12/31/2021. Determination of the percentage of the award earned was made by the People and Compensation Committee on 01/21/2022 and calculation of the underlying shares to be delivered, net of withholding, was completed on 01/25/2024. Total includes the reinvestment of dividends. No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), the underlying securities were earned (100%) based on the Company's performance relative to an industry peer group over a three-year performance period ending 12/31/2023. Determination of the percentage of the award earned was made by the People and Compensation Committee on 01/25/2024 and calculation of the underlying shares to be delivered, net of withholding, was completed on 01/25/2024. /s/ W. Eric Marr, as Attorney-In-Fact for Francis X. Sullivan 2024-01-29