Talen Energy (TLN) awards RSU and PSU grants to Chief Development Officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Talen Energy Corp granted its Chief Development Officer, Darren J. Olagues, equity awards that increase his potential share-based compensation. He received 3,450 time-based restricted stock units that vest in three installments through February 25, 2029, subject to continued service. He was also awarded 16,096 performance-based restricted stock units, representing the maximum 200% payout level, which may vest in 2028 and 2029 based on performance goals and continued service. Following these awards, he directly holds 117 shares of common stock acquired under the company’s employee stock purchase plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Olagues Darren J
Role
Chief Development 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 — 117 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 did Talen Energy Corp (TLN) disclose in this Form 4 for Darren J. Olagues?
Talen Energy disclosed that Chief Development Officer Darren J. Olagues received new equity awards: 3,450 restricted stock units and 16,096 performance-based restricted stock units, plus he now directly holds 117 shares of common stock from the employee stock purchase plan.
How many restricted stock units did TLN grant to its Chief Development Officer?
Talen Energy granted Darren J. Olagues 3,450 restricted stock units. These RSUs vest in three tranches on February 25, 2027, February 25, 2028, and February 25, 2029, contingent on his continued service with the company over that period.
What are the terms of the performance-based restricted stock units granted by TLN?
Talen Energy granted 16,096 performance-based restricted stock units to Darren J. Olagues. These PSUs may vest based on meeting performance goals as of February 25, 2028 and February 25, 2029, with the disclosed number reflecting the maximum 200% performance payout level.
When will Darren J. Olagues’ TLN restricted stock units vest?
Of the 3,450 restricted stock units, 1,380 vest on February 25, 2027, another 1,380 on February 25, 2028, and 690 on February 25, 2029, each installment requiring Darren J. Olagues to remain in service with Talen Energy.
How is the payout for TLN’s performance-based restricted stock units determined?
The payout for Talen’s performance-based units depends on achieving specified performance goals. Vesting can range from 0% to 200% of target, with potential additional PSUs tied to 3% of the company’s market capitalization above the maximum performance level, allocated among participating executives.