Statement of Changes in Beneficial Ownership (4)
25 Januar 2023 - 12:09AM
Edgar (US Regulatory)
FORM 4
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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
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OMB Number:
3235-0287
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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
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Gosman Angela K |
2. Issuer Name and Ticker or Trading Symbol
PPL Corp
[
PPL
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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)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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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
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Gosman Angela K TWO NORTH NINTH STREET ALLENTOWN, PA 18101 |
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| EVP and CHRO |
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Signatures
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/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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