Sec Form 4 Filing - Sorgi Vincent @ PPL Corp - 2021-01-21

Insider filing report for Changes in Beneficial Ownership
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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 *
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/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 34,692 ( 2 ) ( 2 ) Common Stock 34,692 $ 0 34,692 ( 3 ) D
Performance Stock Unit (SIP) ( 4 ) 01/21/2021 A 69,384 ( 4 ) ( 4 ) Common Stock 69,384 $ 0 69,384 ( 5 ) D
Performance Stock Unit (SIP) ( 6 ) 01/21/2021 A 69,384 ( 6 ) ( 6 ) Common Stock 69,384 $ 0 69,384 ( 5 ) D
Performance Stock Unit (SIP) ( 7 ) 01/21/2021 J( 8 ) 17,806.194 ( 9 ) ( 7 ) ( 7 ) Common Stock 17,806.194 ( 9 ) $ 0 0 ( 5 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Sorgi Vincent
TWO NORTH NINTH STREET
ALLENTOWN, PA18101
President and CEO
Signatures
/s/ W. Eric Marr, as Attorney-In-Fact for Vincent Sorgi 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 76,977.891. This total includes the 01/25/2018 grant of 8,903.691 restricted stock units, the 01/24/2019 grant of 9,618.28 restricted stock units, the 07/01/2019 grant of 1,161.05 restricted stock units, the 01/23/2020 grant of 9,836.788 restricted stock units, and the 06/01/2020 grant of 12,766.082 restricted stock units, plus in each case, 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 34,692 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 290,105.086. This total includes the 01/25/2018 grant of 17,806.194 performance units, the 01/24/2019 grants of 19,236.56 and 19,236.56 performance units, the 07/01/2019 grants of 2,322.1 and 2,322.1 performance units, the 01/23/2020 grants of 19,673.575 and 19,673.575 performance units, and the 06/01/2020 grants of 25,533.211 and 25,533.211 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 69,384 and 69,384 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.

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