Form 4 for PPL PPL Corporation
Accepted 2023-02-22 00:00:00 ET · period of report 2023-02-17 · accession 0001209191-23-011698 · 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 | 2023-02-22 | 2023-02-17 | PPL | Sorgi Vincent | Pres, CEO | M - OptEx | $28.81 | +85.2K | 156.0K | +120% | +$2.45M |
| DM | 2023-02-22 | 2023-02-17 | PPL | Sorgi Vincent | Pres, CEO | F - Tax | $28.81 | -33.7K | 143.3K | -19% | -$971.8K |
| DM | 2023-02-22 | 2023-02-17 | PPL | Sorgi Vincent | Pres, CEO | M - OptEx | $0.00 | -85.2K | 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 | 2023-02-17 | M | A | 48,122 | $28.81 | 191,454.47 | D | — | — | |
| 2 | Common | Common Stock | 2023-02-17 | F | D | 21,063 | $28.81 | 170,391.47 | D | — | — | |
| 3 | Common | Common Stock | 2023-02-17 | M | A | 37,079 | $28.81 | 155,999.47 | D | — | — | |
| 4 | Common | Common Stock | 2023-02-17 | F | D | 12,667 | $28.81 | 143,332.47 | D | — | — | |
| 5 | Derivative | Stock Unit (SIP) | 2023-02-17 | M | D | 48,122 | $0.00 | 0 | D | $0.00 · — to — | 48,122 Common Stock | (F2) Total includes the reinvestment of dividends. (F4) As of 02/22/2023, total performance units beneficially owned is 471,481.731. This total includes the 01/21/2021 grants of 75,806.077 and 75,806.077 performance units, and the three 01/27/2023 grants of (a) 77,942.273, (b) 38,971.652, and (c) 38,971.652 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 01/20/2023 grants of (a) 81,992, (b) 40,996, and (c) 40,996 performance units. (F5) 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 (172.5%, or an additional 20,225.474 units) based on the Company's return on equity over a three-year performance period ending 12/31/2022. Determination of the percentage of the award earned was made by the Compensation Committee on 01/20/2023 and calculation of the underlying shares to be delivered, net of withholding, was completed on 02/17/2023. |
| 6 | Derivative | Stock Unit (SIP) | 2023-02-17 | M | D | 37,079 | $0.00 | 0 | D | $0.00 · — to — | 37,079 Common Stock | (F2) Total includes the reinvestment of dividends. (F4) As of 02/22/2023, total performance units beneficially owned is 471,481.731. This total includes the 01/21/2021 grants of 75,806.077 and 75,806.077 performance units, and the three 01/27/2023 grants of (a) 77,942.273, (b) 38,971.652, and (c) 38,971.652 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 01/20/2023 grants of (a) 81,992, (b) 40,996, and (c) 40,996 performance units. (F3) 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 (172.5%, or an additional 15,584.47 units) based on the Company's return on equity over a three-year performance period ending 12/31/2022. Determination of the percentage of the award earned was made by the Compensation Committee on 01/20/2023 and calculation of the underlying shares to be delivered, net of withholding, was completed on 02/17/2023. |