Talen Energy (TLN) COO receives 2026 RSU and performance-based PSU grants

Q: What did Talen Energy (TLN) COO Brad Berryman report on this Form 4?

Brad Berryman reported grants of time-based and performance-based restricted stock units tied to Talen Energy common stock. These awards were issued under the 2023 Equity Incentive Plan and represent contingent rights to receive shares or cash equivalents upon future vesting.

Q: How many restricted stock units did the Talen Energy COO receive?

The COO received 3,450 time-based RSUs and 16,096 performance-based RSUs (PSUs) . Each RSU or PSU represents a contingent right to receive one share of Talen Energy common stock, or its cash equivalent, determined at settlement by the Compensation Committee.

Q: What are the vesting dates for Brad Berryman’s time-based RSUs at Talen Energy (TLN)?

The 3,450 RSUs vest in three tranches: 1,380 RSUs on February 25, 2027 , 1,380 RSUs on February 25, 2028 , and 690 RSUs on February 25, 2029 , in each case conditioned on Mr. Berryman’s continued service with the company.

Q: How do the performance-based RSUs for Talen Energy’s COO vest?

The 16,096 PSUs vest based on both continued service and achievement of performance goals. 6,438 PSUs are eligible to vest as of February 25, 2028 and 9,658 as of February 25, 2029 , with actual vesting ranging from 0% to a stated maximum level.

Q: Can the number of Talen Energy PSUs vested exceed the target amount?

Yes. The filing states PSU vesting can range from 0% to 200% of the target . If performance exceeds the maximum level, additional PSUs may be credited based on the executive’s proportionate share of 3% of the Company’s market capitalization above that maximum.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Berryman Brad reported acquisition or exercise transactions in this Form 4 filing.

Talen Energy Corp Chief Operating Officer Brad Berryman reported equity awards of restricted stock units tied to the company’s common stock. He received 3,450 time-based RSUs under the 2023 Equity Incentive Plan, which are scheduled to vest in tranches through February 25, 2029, subject to continued service. He also received 16,096 performance-based RSUs (PSUs), eligible to vest in 2028 and 2029 based on continued service and achievement of performance goals, with amounts that can range from 0% up to a stated maximum level of performance.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Berryman Brad

Role Chief Operating 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	--

Holdings After Transaction: 2026 Restricted Stock Units — 3,450 shares (Direct); 2026 Performance-Based Restricted Stock Units — 16,096 shares (Direct)

Footnotes (1)

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, par value $0.001 ("common stock"), of Talen Energy Corporation (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.

Form 4 Insider Transactions: What Each Field Means →

03/02/2026 - 05:47 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Berryman Brad

(Last)

(First)

(Middle)

2929 ALLEN PKWY, SUITE 2200

(Street)

HOUSTON

77019

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Talen Energy Corp [ TLN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/26/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
2026 Restricted Stock Units	⁽¹⁾	02/26/2026		A		3,450		⁽²⁾	⁽²⁾	Common Stock	3,450	$0	3,450	D
2026 Performance-Based Restricted Stock Units	⁽³⁾	02/26/2026		A		16,096		⁽⁴⁾	⁽⁴⁾	Common Stock	16,096	$0	16,096	D

Explanation of Responses:

1. 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, par value $0.001 ("common stock"), of Talen Energy Corporation (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.

2. 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.

3. 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.

4. 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.

Remarks:

	/s/ John C. Wander, attorney-in-fact	03/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did Talen Energy (TLN) COO Brad Berryman report on this Form 4?

Brad Berryman reported grants of time-based and performance-based restricted stock units tied to Talen Energy common stock. These awards were issued under the 2023 Equity Incentive Plan and represent contingent rights to receive shares or cash equivalents upon future vesting.

How many restricted stock units did the Talen Energy COO receive?

The COO received 3,450 time-based RSUs and 16,096 performance-based RSUs (PSUs). Each RSU or PSU represents a contingent right to receive one share of Talen Energy common stock, or its cash equivalent, determined at settlement by the Compensation Committee.

What are the vesting dates for Brad Berryman’s time-based RSUs at Talen Energy (TLN)?

The 3,450 RSUs vest in three tranches: 1,380 RSUs on February 25, 2027, 1,380 RSUs on February 25, 2028, and 690 RSUs on February 25, 2029, in each case conditioned on Mr. Berryman’s continued service with the company.

How do the performance-based RSUs for Talen Energy’s COO vest?

The 16,096 PSUs vest based on both continued service and achievement of performance goals. 6,438 PSUs are eligible to vest as of February 25, 2028 and 9,658 as of February 25, 2029, with actual vesting ranging from 0% to a stated maximum level.

Can the number of Talen Energy PSUs vested exceed the target amount?

Yes. The filing states PSU vesting can range from 0% to 200% of the target. If performance exceeds the maximum level, additional PSUs may be credited based on the executive’s proportionate share of 3% of the Company’s market capitalization above that maximum.

Are the Talen Energy RSU and PSU awards settled only in shares?

No. Both RSUs and PSUs represent contingent rights to receive either one share of common stock or its cash equivalent. The Compensation Committee of Talen Energy’s Board determines at settlement whether each unit is paid in stock or cash, under the plan terms.