Vincent Sorgi

President and Chief Executive Officer (CEO) at PPL

Since June 2020

Age

53 years

Tenure

Joined in 2006 and advanced through multiple leadership roles—including Financial Director, Controller, CFO, and COO—culminating in the appointment as President and CEO in June 2020.

Also at PPL

CMM

Christine M. Martin

President of PPL Electric Utilities Corporation

JPBJ

Joseph P. Bergstein, Jr.

Executive Vice President and Chief Financial Officer (CFO)

MCB

Marlene C. Beers

Vice President and Controller

About

Vincent Sorgi is a seasoned executive with 53 years of age as of 2024 and over 30 years of experience in the utility industry. He has built a reputation for financial expertise and strategic leadership in his career.

Starting his journey at PPL in 2006 as the Financial Director of the former PPL Generation subsidiary, he quickly advanced through key roles such as Controller, Vice President, CFO, and COO. This progression culminated in his promotion to President and CEO in June 2020, marking a significant milestone in his career.

Throughout his tenure, he has been instrumental in transforming the organization into a premier, pure-play U.S. regulated utility holding company, driving innovation, operational excellence, and effective risk management. His leadership is also reflected in his active involvement in industry-wide initiatives and board memberships, underscoring his commitment to advancing the utility sector.

$PPL Performance Under Vincent Sorgi

Past Roles

Organization	Role	Date Range	Details
PPL Corporation	President and Chief Operating Officer	July 2019 - May 2020	Progressed to CEO in June 2020
PPL Corporation	Executive Vice President	January 2019 - June 2019	N/A
PPL Corporation	Chief Financial Officer	2014 - 2019	N/A
PPL Corporation	Senior Vice President	2014 - 2019	N/A
PPL Corporation	Vice President and Controller	2010 - 2014	N/A
PPL Corporation	Controller for former energy supply and marketing segment	2007 - 2010	N/A
PPL Corporation	Financial Director of the former PPL Generation subsidiary	2006 - 2007	N/A
Public Service Enterprise Group	Various roles	Worked for 9 years	N/A
Deloitte & Touche LLP	Various roles	Worked for 4 years	Experience in accounting industry

External Roles

Organization	Role	Date Range	Details
Electric Power Research Institute	Director	N/A	N/A
Edison Electric Institute	Director	N/A	N/A
St. Luke’s Health Network	Director	N/A	N/A
Da Vinci Science Center	Director	N/A	N/A

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,201,326	Annually	Fixed cash salary
All Other Compensation	$112,845	Annually	Includes Company Matching Contributions ($98,348) and Other Benefits ($14,497)

Performance Compensation

Data from FY 2023

Stock Awards

Award Type	Units Granted	Grant Date	Grant Date Stock Price	Grant Date Fair Value	Payout % Range	Vesting Schedule
TSR-Based Performance Units	81,992	Jan 20, 2023	$29.32	$34.60 per unit	25% (threshold), 100% (target), 200% (max)	Performance evaluated over 2023–2025; certified early 2026
EG-Based Performance Units	40,996	Jan 20, 2023	$29.32	$1,202,003 total	50% (threshold), 100% (target), 200% (max)	Performance period 2023–2025; determination in early 2026
ESG-Based Performance Units	40,996	Jan 20, 2023	$29.32	$1,202,003 total	50% (threshold), 100% (target), 175% (max)	Performance period 2023–2025; determination in early 2026
Restricted Stock Units (RSUs)	40,996	Jan 20, 2023	$29.32	$1,202,000 target	Vest at 100% upon meeting performance criteria	Vest after 3 years (end of 2025)

Non-Equity Incentive Plan Compensation

Metric	Weight	Goal Result (%)	Payout Range	Additional Details
Corporate Financial Performance	65%	116.67%	50% to 200% of target	Award forfeited if EPS does not meet funding gate requirement
TSA Execution	15%	175%	50% to 200% of target
Operational Performance	10%	139.50%	50% to 200% of target
Individual Performance	10%	180%	50% to 200% of target
Overall	N/A	134.03% earned	N/A	2023 Annual Cash Incentive Award: $2,013,800