Statement of Changes in Beneficial Ownership (4)
25 Januar 2023 - 12:09AM
Edgar (US Regulatory)
FORM 4
[ ] Check this box if no longer subject to Section
16. Form 4 or Form 5 obligations may continue. See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP OF SECURITIES
|
OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5 |
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Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934 or Section 30(h) of the Investment
Company Act of 1940
|
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1. Name
and Address of Reporting Person * Gosman Angela K |
2. Issuer Name and Ticker or Trading
Symbol PPL Corp [ PPL ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director _____
10% Owner
__X__ Officer (give title
below) _____ Other
(specify below)
EVP and CHRO |
(Last)
(First)
(Middle)
TWO NORTH NINTH STREET |
3. Date of Earliest Transaction (MM/DD/YYYY)
1/20/2023
|
(Street)
ALLENTOWN, PA 18101
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person |
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
|
1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following
Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
Amount |
(A) or (D) |
Price |
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative
Security |
3. Trans. Date |
3A. Deemed Execution Date, if any |
4. Trans. Code
(Instr. 8) |
5. Number of Derivative Securities Acquired (A) or
Disposed of (D)
(Instr. 3, 4 and 5) |
6. Date Exercisable and Expiration Date |
7. Title and Amount of Securities Underlying
Derivative Security
(Instr. 3 and 4) |
8. Price of Derivative Security
(Instr. 5) |
9. Number of derivative Securities Beneficially
Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct
(D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
(A) |
(D) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Stock Unit (SIP) |
(1) |
1/20/2023 |
|
A |
|
5168 |
|
(2) |
(2) |
Common Stock |
5168 |
$0.00 |
5168 (3) |
D |
|
Performance Stock Unit
(SIP) |
(4) |
1/20/2023 |
|
A |
|
10335 |
|
(4) |
(4) |
Common Stock |
10335 |
$0.00 |
10335 (5) |
D |
|
Performance Stock Unit
(SIP) |
(6) |
1/20/2023 |
|
A |
|
5168 |
|
(6) |
(6) |
Common Stock |
5168 |
$0.00 |
5168 (5) |
D |
|
Performance Stock Unit
(SIP) |
(7) |
1/20/2023 |
|
A |
|
5168 |
|
(7) |
(7) |
Common Stock |
5168 |
$0.00 |
5168 (5) |
D |
|
Performance Stock Unit
(ICPKE) |
(8) |
1/20/2023 |
|
J (9) |
|
|
1525.475 (10) |
(8) |
(8) |
Common Stock |
1525.475 (10) |
$0.00 |
0 (5) |
D |
|
Explanation of
Responses: |
(1) |
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. |
(2) |
The units will vest on
01/20/2026. |
(3) |
As of 01/24/2023, total
restricted stock units beneficially owned is 14,398.07. This total
includes the 02/14/2020 grant of 403 restricted stock units, the
05/18/2020 grant of 323 restricted stock units, the 01/21/2021
grant of 1,144 restricted stock units, the 08/01/2021 grant of 866
restricted stock units, the 01/27/2022 grant of 3,581.05 restricted
stock units, and the 07/28/2022 grant of 2,913.02 restricted stock
units, plus in the case of the 01/27/2022 and 07/28/2022 grants,
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 5,168 restricted stock units. |
(4) |
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. |
(5) |
As of 01/24/2023, total
performance units beneficially owned is 45,191.695. This total
includes the 05/18/2020 grant of 1,525.475 performance units, the
01/21/2021 grants of 2,498.68 and 2,498.68 performance units, the
08/01/2021 grants of 1,837.345 and 1,837.345 performance units, and
the three 01/27/2022 grants of (a) 7,161.07, (b) 3,581.05, and (c)
3,581.05 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) 10,335, (b) 5,168, and (c) 5,168 performance
units. |
(6) |
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. |
(7) |
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. |
(8) |
No conversion or exercise
price or exercise or expiration date applies. |
(9) |
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%. |
(10) |
Total includes the
reinvestment of dividends. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Gosman Angela K
TWO NORTH NINTH STREET
ALLENTOWN, PA 18101 |
|
|
EVP and CHRO |
|
Signatures
|
/s/ W. Eric Marr, as Attorney-In-Fact for Angela
K. Gosman |
|
1/24/2023 |
**Signature of Reporting
Person |
Date |
Reminder: Report on a separate line for each class
of securities beneficially owned directly or
indirectly. |
* |
If the form is filed by more than one
reporting person, see Instruction 4(b)(v). |
** |
Intentional misstatements or omissions
of facts constitute Federal Criminal Violations. See 18
U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: |
File three copies of this Form, one of
which must be manually signed. If space is insufficient, see
Instruction 6 for procedure. |
Persons who respond to the collection of information
contained in this form are not required to respond unless the form
displays a currently valid OMB control number. |
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