Statement of Changes in Beneficial Ownership (4)
22 Februar 2023 - 10:45PM
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
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OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
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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
|
|
1. Name
and Address of Reporting Person * Sorgi Vincent |
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)
President and CEO |
(Last)
(First)
(Middle)
TWO NORTH NINTH STREET |
3. Date of Earliest Transaction (MM/DD/YYYY)
2/17/2023
|
(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 |
Common Stock |
2/17/2023 |
|
M |
|
37079 |
A |
$28.81 |
155999.467 |
D |
|
Common Stock |
2/17/2023 |
|
F(1) |
|
12667 |
D |
$28.81 |
143332.467 |
D |
|
Common Stock |
2/17/2023 |
|
M |
|
48122 |
A |
$28.81 |
191454.467 |
D |
|
Common Stock |
2/17/2023 |
|
F(1) |
|
21063 |
D |
$28.81 |
170391.467 |
D |
|
Common Stock |
|
|
|
|
|
|
|
161.066 (2) |
I |
Held in trust pursuant to the Employee Stock
Ownership Plan. |
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) |
$0.00 |
2/17/2023 |
|
M |
|
|
37079 (2) |
(3) |
(3) |
Common Stock |
37079 (2) |
$0.00 |
0 (4) |
D |
|
Stock Unit (SIP) |
$0.00 |
2/17/2023 |
|
M |
|
|
48122 (2) |
(5) |
(5) |
Common Stock |
48122 (2) |
$0.00 |
0 (4) |
D |
|
Explanation of
Responses: |
(1) |
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). |
(2) |
Total includes the
reinvestment of dividends. |
(3) |
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 (172.5%, or an additional 15,584.47 units) based on the
Company's return on equity over a three-year performance period
ending 12/31/2022. Determination of the percentage of the award
earned was made by the Compensation Committee on 01/20/2023 and
calculation of the underlying shares to be delivered, net of
withholding, was completed on 02/17/2023. |
(4) |
As of 02/22/2023, total
performance units beneficially owned is 471,481.731. This total
includes 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. |
(5) |
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 (172.5%, or an additional 20,225.474 units) based on the
Company's return on equity over a three-year performance period
ending 12/31/2022. Determination of the percentage of the award
earned was made by the Compensation Committee on 01/20/2023 and
calculation of the underlying shares to be delivered, net of
withholding, was completed on 02/17/2023. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Sorgi Vincent
TWO NORTH NINTH STREET
ALLENTOWN, PA 18101 |
|
|
President and CEO |
|
Signatures
|
/s/ W. Eric Marr, as Attorney-In-Fact for Vincent
Sorgi |
|
2/22/2023 |
**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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