FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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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.
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