Executive equity awards at Talen Energy (TLN) detail RSU and PSU grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lebsack Dale E Jr. reported acquisition or exercise transactions in this Form 4 filing.
Talen Energy Corp reported that Chief Asset Development Officer Dale E. Lebsack Jr. received new equity awards on February 26, 2026. He was granted 3,450 time-based Restricted Stock Units that are scheduled to vest in installments on February 25, 2027, 2028, and 2029, subject to continued service.
Lebsack was also granted 16,096 performance-based Restricted Stock Units, with portions eligible to vest based on performance as of February 25, 2028 and 2029. The filing states these PSUs and share figures reflect the maximum performance level of 200% of target. Each RSU and PSU represents a contingent right to receive one share of common stock or its cash equivalent under the company’s 2023 Equity Incentive Plan. Following these awards, he directly holds 11,001 shares of common stock, including shares purchased through the 2025 employee stock purchase plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Lebsack Dale E Jr.
Role
Chief Asset Dev. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2026 Restricted Stock Units | 3,450 | $0.00 | -- |
| Grant/Award | 2026 Performance-Based Restricted Stock Units | 16,096 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
2026 Restricted Stock Units — 3,450 shares (Direct);
2026 Performance-Based Restricted Stock Units — 16,096 shares (Direct);
Common Stock — 11,001 shares (Direct)
Footnotes (1)
- Includes 117 shares of common stock, par value $0.001 ("common stock"), of Talen Energy Corporation (the "Company") purchased from the 2025 Talen Energy Corporation Employee Stock Purchase Plan on June 30, 2025. Each Restricted Stock Unit ("RSU") was issued under the Talen Energy Corporation 2023 Equity Incentive Plan (the "Plan") and represents a contingent right to receive one share of common stock of the Company or its cash equivalent, as determined at the time of settlement by the Compensation Committee of the Company's Board of Directors (the "Committee") pursuant to the terms of the Plan. Represents 1,380 RSUs that will vest on February 25, 2027, 1,380 RSUs that will vest on February 25, 2028 and 690 RSUs that will vest on February 25, 2029, in each case subject to the reporting person's continued service. Each Performance-Based Restricted Stock Unit ("PSU") was issued under the Plan and represents a contingent right to receive one share of common stock or its cash equivalent, as determined at the time of settlement by the Committee pursuant to the terms of the Plan. Represents PSUs that will vest subject to the reporting person's (i) continued service and (ii) achievement of applicable performance goals. 6,438 of the PSUs will be eligible to vest based on performance as of February 25, 2028 and 9,658 of the PSUs will be eligible to vest based on performance as of February 25, 2029. The number of PSUs that vest can range from 0% to 200% of the target number of PSUs subject to the award, plus, if the maximum performance level is exceeded, an additional number of PSUs in an amount equal to the reporting person's proportionate share among the participating executive officers of 3% of the Company's market capitalization above the maximum performance level. The numbers of PSUs and shares of common stock in this row represent the maximum level of performance (or 200%) for each award.
FAQ
What equity awards did Talen Energy (TLN) grant to Dale E. Lebsack Jr.?
Talen Energy granted Dale E. Lebsack Jr. 3,450 time-based RSUs and 16,096 performance-based RSUs on February 26, 2026. Each unit represents a contingent right to one common share or its cash equivalent under the 2023 Equity Incentive Plan.
How do the RSUs granted to the Talen Energy (TLN) executive vest?
The 3,450 RSUs vest in three tranches: 1,380 units on February 25, 2027, 1,380 units on February 25, 2028, and 690 units on February 25, 2029. Vesting in each case is conditioned on Dale E. Lebsack Jr.’s continued service.
What are the performance conditions on Talen Energy (TLN) performance-based RSUs?
The 16,096 performance-based RSUs vest based on both continued service and achievement of performance goals. 6,438 units are tied to performance as of February 25, 2028 and 9,658 units to February 25, 2029, with actual vesting ranging from 0% to 200% of target.
How is the maximum number of Talen Energy (TLN) PSUs determined for this award?
The filing states the PSU and share figures reflect the maximum performance level of 200% of target. If maximum performance is exceeded, additional PSUs may be added based on the executive’s proportionate share of 3% of the company’s market capitalization above that level.
Under which plan were the Talen Energy (TLN) RSU and PSU awards issued?
Both the time-based RSUs and performance-based RSUs were issued under the Talen Energy Corporation 2023 Equity Incentive Plan. Each unit can settle in one share of common stock or its cash equivalent, as determined by the Compensation Committee at settlement.