Form 4 for PPL PPL Corporation
Accepted 2024-01-29 00:00:00 ET · period of report 2024-01-25 · accession 0000950170-24-008359 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-01-29 | 2024-01-25 | PPL | Bergstein Joseph P Jr | EVP, CFO | F - Tax | $25.83 | -22.5K | 99.9K | -18% | -$581.2K |
| DM | 2024-01-29 | 2024-01-25 | PPL | Bergstein Joseph P Jr | EVP, CFO | M - OptEx | $25.83 | +60.2K | 109.9K | +121% | +$1.56M |
| DM | 2024-01-29 | 2024-01-25 | PPL | Bergstein Joseph P Jr | EVP, CFO | A - Grant | $0.00 | +66.9K | 13.4K | New | $0 |
| DM | 2024-01-29 | 2024-01-25 | PPL | Bergstein Joseph P Jr | EVP, CFO | M - OptEx | $0.00 | -60.2K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-01-25 | F | D | 12,552 | $25.83 | 87,135.35 | D | — | — | (F1) Total includes the reinvestment of dividends. |
| 2 | Common | Common Stock | 2024-01-25 | F | D | 9,950 | $25.83 | 99,916.35 | D | — | — | (F1) Total includes the reinvestment of dividends. |
| 3 | Common | Common Stock | 2024-01-25 | M | A | 37,505 | $25.83 | 99,687.35 | D | — | — | (F1) Total includes the reinvestment of dividends. |
| 4 | Common | Common Stock | 2024-01-25 | M | A | 22,731 | $25.83 | 109,866.35 | D | — | — | (F1) Total includes the reinvestment of dividends. |
| 5 | Derivative | Performance Stock Unit (SIP) | 2024-01-25 | A | A | 26,758 | $0.00 | 26,758 | D | — · — to — | 26,758 Common Stock | (F7) As of 01/29/2024, total performance units beneficially owned is 151,382.339. This total includes the three 01/27/2022 grants of (a) 22,810.912, (b) 11,405.99, and (c) 11,405.99 performance units and the three 01/20/2023 grants of (a) 26,121.205, (b) 13,061.121, and (c) 13,061.121 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) 26,758, (b) 13,379, and (c) 13,379 performance units. (F6) 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. |
| 6 | Derivative | Performance Stock Unit (SIP) | 2024-01-25 | A | A | 13,379 | $0.00 | 13,379 | D | — · — to — | 13,379 Common Stock | (F7) As of 01/29/2024, total performance units beneficially owned is 151,382.339. This total includes the three 01/27/2022 grants of (a) 22,810.912, (b) 11,405.99, and (c) 11,405.99 performance units and the three 01/20/2023 grants of (a) 26,121.205, (b) 13,061.121, and (c) 13,061.121 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) 26,758, (b) 13,379, and (c) 13,379 performance units. (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 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. |
| 7 | Derivative | Stock Unit (SIP) | 2024-01-25 | A | A | 13,379 | $0.00 | 13,379 | D | — · — to — | 13,379 Common Stock | (F5) As of 01/29/2024, total restricted stock units beneficially owned is 37,846.111. This total includes the 01/27/2022 grant of 11,405.99 restricted stock units and the 01/20/2023 grant of 13,061.121 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 01/25/2024 grant of 13,379 restricted stock units. (F3) 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. (F4) The units will vest on 01/25/2027. |
| 8 | Derivative | Performance Stock Unit (SIP) | 2024-01-25 | A | A | 13,379 | $0.00 | 13,379 | D | — · — to — | 13,379 Common Stock | (F7) As of 01/29/2024, total performance units beneficially owned is 151,382.339. This total includes the three 01/27/2022 grants of (a) 22,810.912, (b) 11,405.99, and (c) 11,405.99 performance units and the three 01/20/2023 grants of (a) 26,121.205, (b) 13,061.121, and (c) 13,061.121 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) 26,758, (b) 13,379, and (c) 13,379 performance units. (F9) 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. |
| 9 | Derivative | Performance Stock Unit (SIP) | 2024-01-25 | M | D | 22,731 | $0.00 | 0 | D | — · — to — | 22,731 Common Stock | (F1) Total includes the reinvestment of dividends. (F7) As of 01/29/2024, total performance units beneficially owned is 151,382.339. This total includes the three 01/27/2022 grants of (a) 22,810.912, (b) 11,405.99, and (c) 11,405.99 performance units and the three 01/20/2023 grants of (a) 26,121.205, (b) 13,061.121, and (c) 13,061.121 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) 26,758, (b) 13,379, and (c) 13,379 performance units. (F11) 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 (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. |
| 10 | Derivative | Performance Stock Unit (SIP) | 2024-01-25 | M | D | 37,505 | $0.00 | 0 | D | — · — to — | 37,505 Common Stock | (F1) Total includes the reinvestment of dividends. (F7) As of 01/29/2024, total performance units beneficially owned is 151,382.339. This total includes the three 01/27/2022 grants of (a) 22,810.912, (b) 11,405.99, and (c) 11,405.99 performance units and the three 01/20/2023 grants of (a) 26,121.205, (b) 13,061.121, and (c) 13,061.121 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) 26,758, (b) 13,379, and (c) 13,379 performance units. (F10) 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 (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. |