Sec Form 4 Filing - Bergstein Joseph P Jr @ PPL Corp - 2021-01-21

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 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Bergstein Joseph P Jr 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) SVP and CFO (Last) (First) (Middle) TWO NORTH NINTH STREET 3. Date of Earliest Transaction (MM/DD/YY) 01/21/2021 (Street) ALLENTOWN, PA18101 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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 Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 ) 01/21/2021 A 10,026 ( 2 ) ( 2 ) Common Stock 10,026 $ 0 10,026 ( 3 ) D Performance Stock Unit (SIP) ( 4 ) 01/21/2021 A 20,051 ( 4 ) ( 4 ) Common Stock 20,051 $ 0 20,051 ( 5 ) D Performance Stock Unit (SIP) ( 6 ) 01/21/2021 A 20,051 ( 6 ) ( 6 ) Common Stock 20,051 $ 0 20,051 ( 5 ) D Performance Stock Unit (SIP) ( 7 ) 01/21/2021 J( 8 ) 3,256.376 ( 9 ) ( 7 ) ( 7 ) Common Stock 3,256.376 ( 9 ) $ 0 0 ( 5 ) D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Bergstein Joseph P Jr TWO NORTH NINTH STREET ALLENTOWN, PA18101 SVP and CFO Signatures /s/ W. Eric Marr, as Attorney-In-Fact for Joseph P. Bergstein, Jr. 01/25/2021 Signature of Reporting Person Date

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 01/21/2024. ( 3 )As of 01/25/2021, total restricted stock units beneficially owned is 21,980.549. This total includes the 01/25/2018 grant of 1,372 restricted stock units, the 01/24/2019 grant of 1,533 restricted stock units, the 07/01/2019 grant of 2,372.341 restricted stock units, and the 01/23/2020 grant of 6,677.208 restricted stock units, plus in the case of 07/01/2019 and 01/23/2020 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 01/21/2021 grant of 10,026 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 12/31/2023. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2024. ( 5 )As of 01/25/2021, total performance units beneficially owned is 86,430.892. This total includes the 01/25/2018 grant of 3,256.376 performance units, the 01/24/2019 grants of 3,438.224 and 3,438.224 performance units, the 07/01/2019 grants of 4,744.683 and 4,744.683 performance units, and the 01/23/2020 grants of 13,353.351 and 13,353.351 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 01/21/2021 grants of 20,051 and 20,051 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 return on equity over a three-year performance period ending 12/31/2023. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2024. ( 7 )No conversion or exercise price or exercise or expiration date applies. ( 8 )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 2018 will be paid out at 0%. ( 9 )Total includes the reinvestment of dividends.

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).

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