PPL Corp
For the period ended May 16, 2025. Filed Apr 2, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 16, 2025 · Filed Apr 2, 2025
Contents
Executive Compensation Program Peer
Executive Compensation Program Peer Group
In 2023, following discussion with shareowners, the PCC, in collaboration with the PCC's independent consultant, conducted a formal peer group review and adopted a compensation peer group for 2024. The peer group, which is an additional market reference point in making compensation-based decisions, consists of 16 publicly-traded utility companies that are comparably sized and operationally similar to PPL. Factors used in the review and selection of the peer group include:
Relevant Size Range - Revenue and market capitalization comparable to that of PPL;
Applicable Industry - Companies in the Utilities sector, specifically multi-utilities; and
Business Characteristics - Utilities in regulated markets; utilities with electric and gas operations, utilities with primarily domestic operations.
| Peer Company | Revenue (millions)(LTM) | Market Cap (millions)(12/31/2024) | Enterprise Value (millions)(12/31/2024) | 1-Year Total Shareholder Return (12/31/2024) | 3-Year Total Shareholder Return (12/31/2024) |
|---|---|---|---|---|---|
| Alliant Energy Corporation (LNT) | $3,966 | $15,175 | $25,027 | 20% | 2.0% |
| Ameren Corporation (AEE) | 7,623 | 23,794 | 42,205 | 27% | 3.0% |
| American Electric Power Company, Inc. (AEP) | 19,721 | 49,119 | 92,907 | 18% | 5.0% |
| CenterPoint Energy, Inc. (CNP) | 8,563 | 20,679 | 39,894 | 14% | 7.0% |
| CMS Energy Corporation (CMS) | 7,515 | 19,914 | 36,423 | 19% | 4.0% |
| Consolidated Edison, Inc. (ED) | 15,031 | 30,914 | 57,114 | 2% | 5.0% |
| Dominion Energy, Inc. (D) | 14,459 | 45,243 | 87,860 | 20% | -8.0% |
| Entergy Corporation (ETR) | 11,880 | 32,513 | 60,432 | 56% | 15.0% |
| Evergy, Inc. (EVRG) | 5,778 | 14,155 | 27,975 | 23% | 1.0% |
| Eversource Energy (ES) | 11,901 | 21,042 | 49,641 | -2% | -11.0% |
| FirstEnergy Corp. (FE) | 13,257 | 22,926 | 47,457 | 13% | 3.0% |
| NiSource Inc. (NI) | 5,455 | 17,159 | 32,631 | 43% | 14.0% |
| Public Service Enterprise Group Inc. (PEG) | 10,430 | 42,095 | 63,958 | 43% | 12.0% |
| Sempra (SRE) | 12,918 | 55,562 | 96,767 | 21% | 13.0% |
| WEC Energy Group, Inc. (WEC) | 8,600 | 29,750 | 49,047 | 16% | 2.0% |
| Xcel Energy Inc. (XEL) | 13,441 | 38,773 | 67,083 | 12% | 3.0% |
| 75th Percentile | 13,303 | 39,603 | 64,739 | 24% | 8% |
| Median | 11,155 | 26,772 | 49,344 | 19% | 4% |
| 25th Percentile | 7,596 | 20,488 | 39,026 | 14% | 2% |
| PPL Corporation (PPL) | 8,462 | 23,955 | 39,975 | 24% | 6% |
| PPL Percentile Rank | 33% | 47% | 27% | 74% | 70% |
The following chart shows PPL's percentile positioning relative to the peer group for some of the relevant metrics.This peer group will be used in the compensation benchmarking phase of our program as an additional market reference point in making compensation-based decisions to ensure our executive compensation program is competitive in attracting, motivating and retaining qualified individuals. The peer group will also be used to determine relative total shareowner return performance in the long-term incentive plan.
44 PPL CORPORATION 2025 Proxy Statement
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.