Sec Form 4 Filing - Bergstein Joseph P Jr @ PPL Corp - 2022-01-27

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
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
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
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)
EVP and CFO
(Last) (First) (Middle)
TWO NORTH NINTH STREET
3. Date of Earliest Transaction (MM/DD/YY)
01/27/2022
(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 ) 01/27/2022 A 10,655 ( 2 ) ( 2 ) Common Stock 10,655 $ 0 10,655( 3 ) D
Performance Stock Unit (SIP) ( 4 ) 01/27/2022 A 21,309 ( 4 ) ( 4 ) Common Stock 21,309 $ 0 21,309( 5 ) D
Performance Stock Unit (SIP) ( 6 ) 01/27/2022 A 10,655 ( 6 ) ( 6 ) Common Stock 10,655 $ 0 10,655( 5 ) D
Performance Stock Unit (SIP) ( 7 ) 01/27/2022 A 10,655 ( 7 ) ( 7 ) Common Stock 10,655 $ 0 10,655( 5 ) D
Performance Stock Unit (ICPKE) ( 8 ) 01/27/2022 J( 9 ) 3,641.02( 10 ) ( 8 ) ( 8 ) Common Stock 3,641.02( 10 ) $ 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
EVP and CFO
Signatures
/s/ W. Eric Marr, as Attorney-In-Fact for Joseph P. Bergstein, Jr. 01/31/2022
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 01/27/2025.
( 3 )As of 01/31/2022, total restricted stock units beneficially owned is 30,855.675. This total includes the 07/01/2019 grant of 2,512.267 restricted stock units, the 01/23/2020 grant of 7,071.047 restricted stock units, and the 01/21/2021 grant of 10,617.361 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 01/27/2022 grant of 10,655 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 12/31/2024. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2025.
( 5 )As of 01/31/2022, total performance units beneficially owned is 127,058.356. This total includes the 01/24/2019 grant of 3,641.02 performance units, the 07/01/2019 grants of 5,024.538 and 5,024.538 performance units, the 01/23/2020 grants of 14,140.968 and 14,140.968 performance units, and the 01/21/2021 grants of 21,233.662 and 21,233.662 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 01/27/2022 grants of (a) 21,309, (b) 10,655, and (c) 10,655 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 earnings growth over a three-year performance period ending 12/31/2024. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2025.
( 7 )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 12/31/2024. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2025.
( 8 )No conversion or exercise price or exercise or expiration date applies.
( 9 )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 2019 will be paid out at 0%.
( 10 )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).
** 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 Number.