# EDGAR Filing Document

**Accession Number:** 0000922224
**File Stem:** 0001209191-23-004674
**Filing Date:** 2023-1
**Character Count:** 10238
**Document Hash:** 82803a61396dd2fb5d70829ce6e2ac29
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001209191-23-004674.hdr.sgml**: 20230124

**ACCESSION NUMBER**: 0001209191-23-004674

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230120

**FILED AS OF DATE**: 20230124

**DATE AS OF CHANGE**: 20230124

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Dudkin Gregory N
- **CENTRAL INDEX KEY:** 0001467343

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-11459
- **FILM NUMBER:** 23549255

**MAIL ADDRESS:**
- **STREET 1:** TWO NORTH NINTH STREET
- **CITY:** ALLENTOWN
- **STATE:** PA
- **ZIP:** 18101
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PPL Corp
- **CENTRAL INDEX KEY:** 0000922224
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC SERVICES [4911]
- **IRS NUMBER:** 232758192
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** TWO N NINTH ST
- **CITY:** ALLENTOWN
- **STATE:** PA
- **ZIP:** 18101-1179
- **BUSINESS PHONE:** 610-774-5151

**MAIL ADDRESS:**
- **STREET 1:** TWO N NINTH ST
- **CITY:** ALLENTOWN
- **STATE:** PA
- **ZIP:** 18101-1179

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PPL CORP
- **DATE OF NAME CHANGE:** 20000214

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PP&L RESOURCES INC
- **DATE OF NAME CHANGE:** 19941123

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Dudkin Gregory N<br><sub>(Last) (First) (Middle)</sub><br>TWO NORTH NINTH STREET<br><sub>(Street)</sub><br>ALLENTOWN, PA 18101<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-01-20 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Executive Vice President_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>PPL Corp [ PPL ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-01-23 |  | M |  | 6938.977 | A | $29.32 | 65503.032 | D |  |
| Common Stock | 2023-01-23 |  | F<sup>(1)</sup> |  | 2390 | D | $29.32 | 63113.032 | D |  |
| Common Stock |  |  |  |  |  |  |  | 100.41<sup>(2)</sup> | I | Held in trust pursuant to the Employee Stock Ownership Plan. |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Stock Unit (SIP) | <sup>(3)</sup> | 2023-01-20 |  | A |  | 14727 |  | <sup>(4)</sup> | <sup>(4)</sup> | Common Stock | 14727 | $0.00 | 14727<sup>(5)</sup> | D |  |
| Performance Stock Unit (SIP) | <sup>(6)</sup> | 2023-01-20 |  | A |  | 29454 |  | <sup>(6)</sup> | <sup>(6)</sup> | Common Stock | 29454 | $0.00 | 29454<sup>(7)</sup> | D |  |
| Performance Stock Unit (SIP) | <sup>(8)</sup> | 2023-01-20 |  | A |  | 14727 |  | <sup>(8)</sup> | <sup>(8)</sup> | Common Stock | 14727 | $0.00 | 14727<sup>(7)</sup> | D |  |
| Performance Stock Unit (SIP) | <sup>(9)</sup> | 2023-01-20 |  | A |  | 14727 |  | <sup>(9)</sup> | <sup>(9)</sup> | Common Stock | 14727 | $0.00 | 14727<sup>(7)</sup> | D |  |
| Performance Stock Unit (SIP) | <sup>(10)</sup> | 2023-01-20 |  | J<sup>(11)</sup> |  |  | 13876.792<sup>(2)</sup> | <sup>(10)</sup> | <sup>(10)</sup> | Common Stock | 13876.792<sup>(2)</sup> | $0.00 | 0<sup>(7)</sup> | D |  |
| Stock Unit (SIP) | $0.00 | 2023-01-23 |  | M |  |  | 6938.977<sup>(2)</sup> | <sup>(12)</sup> | <sup>(12)</sup> | Common Stock | 6938.977<sup>(2)</sup> | $0.00 | 0 | D |  |

---

### Footnotes:

(1) Shares withheld by the company at the request of the executive officer to pay taxes due following expiration of the applicable restriction period, under the terms of the Stock Incentive Plan (SIP).

(2) Total includes the reinvestment of dividends.

(3) 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.

(4) The units will vest on 01/20/2026.

(5) As of 01/24/2023, total restricted stock units beneficially owned is 39,812.751.  This total includes the 01/21/2021 grant of 8,870.484 restricted stock units, the 04/12/2021 grant of 2,818.568 restricted stock units, and the 01/27/2022 grant of 13,396.699 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 01/20/2023 grant of 14,727 restricted stock 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 performance relative to an industry peer group over a three-year performance period ending 12/31/2025.  Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2026.

(7) As of 01/24/2023, total performance units beneficially owned is 173,125.603. This total includes the 01/23/2020 grant of 13,876.792 performance units, the 01/21/2021 grants of 17,739.871 and 17,739.871 performance units, the 04/12/2021 grants of 5,637.137 and 5,637.137 performance units, and the three 01/27/2022 grants of (a) 26,793.397, (b) 13,396.699, and (c) 13,396.699 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) 29,454, (b) 14,727, and (c) 14,727 performance units.

(8) 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 12/31/2025. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2026.

(9) 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 12/31/2025. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2026.

(10) No conversion or exercise price or exercise or expiration date applies.

(11) 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 2020 will be paid out at 0%.

(12) The units vested on 01/23/2023.

**Signature:** /s/ W. Eric Marr, as Attorney-In-Fact for Gregory N. Dudkin  
**Date:** 2023-01-24

### Remarks:

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.**