4//SEC Filing
Sullivan Francis X 4
Accession 0000950170-24-008405
CIK 0000922224other
Filed
Jan 28, 7:00 PM ET
Accepted
Jan 29, 5:22 PM ET
Size
25.6 KB
Accession
0000950170-24-008405
Insider Transaction Report
Form 4
PPL CorpPPL
Sullivan Francis X
EVP and COO
Transactions
- Tax Payment
Common Stock
2024-01-25$25.83/sh−357$9,221→ 476 total - Tax Payment
Common Stock
2024-01-25$25.83/sh−217$5,605→ 764 total - Award
Performance Stock Unit (SIP)
2024-01-25+26,404→ 26,404 total→ Common Stock (26,404 underlying) - Award
Performance Stock Unit (SIP)
2024-01-25+13,202→ 13,202 total→ Common Stock (13,202 underlying) - Award
Performance Stock Unit (SIP)
2024-01-25+13,202→ 13,202 total→ Common Stock (13,202 underlying) - Exercise/Conversion
Common Stock
2024-01-25$25.83/sh+833$21,516→ 833 total - Exercise/Conversion
Performance Stock Unit (ICPKE)
2024-01-25−833→ 0 total→ Common Stock (833 underlying) - Exercise/Conversion
Common Stock
2024-01-25$25.83/sh+505$13,044→ 981 total - Award
Stock Unit (SIP)
2024-01-25+13,202→ 13,202 total→ Common Stock (13,202 underlying) - Exercise/Conversion
Performance Stock Unit (ICPKE)
2024-01-25−505→ 0 total→ Common Stock (505 underlying)
Footnotes (11)
- [F1]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 Incentive Compensation Plan for Key Employees (ICPKE).
- [F10]Total includes the reinvestment of dividends.
- [F11]No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), the underlying securities were earned (100%) based on the Company's performance relative to an industry peer group over a three-year performance period ending 12/31/2023. Determination of the percentage of the award earned was made by the People and Compensation Committee on 01/25/2024 and calculation of the underlying shares to be delivered, net of withholding, was completed on 01/25/2024.
- [F2]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.
- [F3]The units will vest on 01/25/2027.
- [F4]As of 01/29/2024, total restricted stock units beneficially owned is 23,124.933. This total includes the 10/01/2021 grant of 233 restricted stock units, the 01/27/2022 grant of 913 restricted stock units, and the 01/20/2023 grant of 8,776.933 restricted stock units, plus in the case of the 01/20/2023 grant, 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 01/25/2024 grant of 13,202 restricted stock units.
- [F5]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 12/31/2026. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2027.
- [F6]As of 01/29/2024, total performance units beneficially owned is 91,823.028. This total includes the three 01/27/2022 grants of (a) 1,953.631, (b) 977.352, and (c) 977.352 performance units, and the three 01/20/2023 grants of (a) 17,552.827 (b) 8,776.933, and (c) 8,776.933 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 01/25/2024 grants of (a) 26,404, (b) 13,202, and (c) 13,202 performance units.
- [F7]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 12/31/2026. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2027.
- [F8]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 12/31/2026. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2027.
- [F9]No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), the underlying securities were earned (165%) based on the Company's return on equity over a one-year performance period ending 12/31/2021. Determination of the percentage of the award earned was made by the People and Compensation Committee on 01/21/2022 and calculation of the underlying shares to be delivered, net of withholding, was completed on 01/25/2024.
Documents
Issuer
PPL Corp
CIK 0000922224
Entity typeother
Related Parties
1- filerCIK 0001959928
Filing Metadata
- Form type
- 4
- Filed
- Jan 28, 7:00 PM ET
- Accepted
- Jan 29, 5:22 PM ET
- Size
- 25.6 KB