0001209191-21-012746.txt : 20210222
0001209191-21-012746.hdr.sgml : 20210222
20210222164546
ACCESSION NUMBER: 0001209191-21-012746
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210121
FILED AS OF DATE: 20210222
DATE AS OF CHANGE: 20210222
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SPENCE WILLIAM H
CENTRAL INDEX KEY: 0001181274
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-11459
FILM NUMBER: 21660991
MAIL ADDRESS:
STREET 1: UNIVERSITY OFFICE PLAZA
STREET 2: 252 CHAPMAN RD., PO BOX 6066
CITY: NEWARK
STATE: DE
ZIP: 19714-0066
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
2021-01-21
0
0000922224
PPL Corp
PPL
0001181274
SPENCE WILLIAM H
TWO NORTH NINTH STREET
ALLENTOWN
PA
18101
1
0
0
0
Common Stock
2021-02-18
4
M
0
156886
27.77
A
187863.25
D
Common Stock
2021-02-18
4
F
0
63506
27.77
D
124357.25
D
Common Stock
153.679
I
Held in trust pursuant to the Employee Stock Ownership Plan.
Common Stock
12824
I
Held in trust for benefit of Mr. Spence's wife.
Performance Stock Unit (SIP)
0.00
2021-01-21
4
J
0
78442.702
0.00
D
Common Stock
78442.702
0
D
Performance Stock Unit (SIP)
0.00
2021-02-18
4
M
0
156886
0.00
D
Common Stock
156886
0
D
Total includes the reinvestment of dividends.
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).
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 2018 will be paid out at 0%.
No conversion or exercise price or exercise or expiration date applies.
As of 02/22/2021, total performance units beneficially owned is 219,115.021. This total includes the 01/24/2019 grants of 77,684.123 and 77,684.123 performance units and the 01/23/2020 grant of 63,746.755 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. Mr. Spence forfeited 61,869.811 performance units in connection with his retirement pursuant to the terms of the Stock Incentive Plan.
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 (200%) based on the Company's return on equity over a three-year performance period ending 12/31/2020. Determination of the percentage of the award earned was made by the Compensation Committee on 01/21/2021 and calculation of the underlying shares to be delivered, net of withholding, was completed on 02/18/2021.
/s/ W. Eric Marr, as Attorney-In-Fact for William H. Spence
2021-02-22