- Accession Number:
- Form Type:
- Zero Holdings:
- Publication Time:
- 2021-02-22 16:40:45
- Reporting Period:
- Accepted Time:
- 2021-02-22 16:40:45
- SEC Url:
- Form 4 Filing
|Cik||Name||Reported Address||Insider Title||Director||Officer||Large Shareholder||Other|
|1467343||N Gregory Dudkin||Two North Ninth Street |
Allentown PA 18101
|President Of A Ppl Subsidiary||No||Yes||No||No|
Reported Non-Derivative Transactions
|Sec. Name||Acquisiton - Disposition||Date||Amount||Price||Remaning Holdings||Equity Swap Involved||Form Type||Code||Nature of Ownership||Explanation|
|Equity Swap Involved||Form Type||Code||Nature of Ownership||Explanation|
Reported Derivative Transactions
|Sec. Name||Sec. Type||Acquisiton - Disposition||Date||Amount||Price||Amount - 2||Price - 2|
|Common Stock||Performance Stock Unit (SIP)||Disposition||2021-02-18||28,872||$0.00||28,872||$0.00|
|Remaning Holdings||Exercise Date||Expiration Date||Equity Swap Involved||Transaction Form Type||Transaction Code||Nature of Ownership|
Reported Non-Derivative Holdings
|Sec. Name||Remaning Holdings||Nature of Ownership||Explanation|
|Common Stock||92||Indirect||Held in trust pursuant to the Employee Stock Ownership Plan.|
- 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).
- Represents the sale of 19,789 shares of common stock pursuant to a 10b5-1 plan, dated August 19, 2020.
- Total includes the reinvestment of dividends.
- 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 (200%) based on the Company's return on equity over a three-year performance period ending 12/31/2020. Determination of the percentage of the award earned was made by the Compensation Committee on 01/21/2021 and calculation of the underlying shares to be delivered, net of withholding, was completed on 02/18/2021.
- As of 02/22/2021, total performance units beneficially owned is 88,831.608. This total includes the 01/24/2019 grants of 15,477.614 and 15,477.614 performance units, and the 01/23/2020 grants of 12,701.19 and 12,701.19 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 01/21/2021 grants of 16,237 and 16,237 performance units.