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