Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers



(b) & (c) On January 5, 2023, PPL Corporation (the "Company") announced that,
effective January 1, 2023, executive vice president and chief operating officer,
Gregory N. Dudkin, who is on extended medical leave, shall no longer serve as
the Company's chief operating officer. Mr. Dudkin remains executive vice
president.

Also on January 5, 2023, the Company announced the appointment of Francis X.
Sullivan as executive vice president and chief operating officer effective
January 1, 2023. Mr. Sullivan, age 66, has served as vice president - Operations
Performance for the Company since 2021. Prior to joining the Company, he served
as senior operations advisor for Kindle Energy LLC for more than two years and
as an independent consultant to the power sector since 2018. From 2008 to 2018,
Mr. Sullivan served as NRG Energy's senior vice president of operations. Prior
to that, he served for more than a decade in a variety of leadership roles with
NRG and Public Service Enterprise Group.

In connection with his new role, the Compensation Committee of the Board of
Directors ("Committee") approved the following compensation for Mr. Sullivan in
2023: an annual base salary of $620,000.00; an annual short-term cash incentive
target equal to 80% of his annual base salary; and an annual long-term equity
incentive target, based on a three-year performance period, of 200% of his
annual base salary. As is the case for the Company's other named executive
officers, Mr. Sullivan's long-term equity incentive awards will be structured as
a combination of restricted stock units (20% of total award), performance units
based on a total shareowner return target (40% of total award), performance
units based on an environmental, social and governance target (20% of total
award) and performance units based on an earnings growth target (20% of total
award).

In addition, the Committee authorized and approved the execution by the Company
of the Company's form of Change in Control Agreement with Mr. Sullivan, in the
form filed as Exhibit 10(ee) to the Company's Annual Report on Form 10-K,
effective as of January 1, 2023.

There are no family relationships between Mr. Sullivan and any director or executive officer of the Company. Mr. Sullivan has not been party to any reportable transactions with the Company pursuant to Item 404(a) of Regulation S-K.

Item 9.01 Financial Statements and Exhibits



        (d)           Exhibits

                        99.1 -      Press Release, dated as of January 5, 2023
                                    Cover Page Interactive Data File (the

Cover Page Interactive Data File is


                      104 -         embedded within the Inline XBRL document).

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