PPL Corp
For the period ended Apr 3, 2024. Filed Apr 3, 2024.
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Apr 3, 2024 · Filed Apr 3, 2024
Contents
Changes to the Compensation Program for
Changes to the Compensation Program for 2023 and 2024
Following the acquisition of RIE, the PCC approved the Corporate TSA Execution Goals, new in 2023, to ensure the organization is focused on successful, on-budget integration of five critical applications that then allow for PPL to end services under the TSA with National Grid.
Following discussion with shareowners, for 2024, the PCC reviewed and identified a compensation peer group consisting of 16 publicly-traded utility companies that are comparably sized and operationally similar to PPL. This new formal compensation peer group will be used in the compensation benchmarking phase of our program as a formal market reference point in making compensation based decisions.
For our 2024 performance-based TSR awards, the relative performance peer group was changed from the UTY to match the newly adopted compensation peer group, which is comprised of other companies we believe investors view as market competitors.
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