Talen Energy (TLN) director settles 4,133 RSUs into 6,736 total shares

Rhea-AI Filing Summary

Talen Energy Corp director Christine Benson Schwartzstein exercised restricted stock units into common shares. On May 22, 2026, she converted 4,133 2023 Restricted Stock Units into the same number of Talen Energy common shares at a stated price of $0.00 per share, reflecting compensation rather than a market purchase. Following this settlement, she directly holds 6,736 common shares. The RSUs were granted on June 16, 2023 under the 2023 Equity Incentive Plan, with the final installment vesting on May 17, 2026.

Insights

Equity compensation analyst

Director settles 4,133 RSUs into shares as routine equity compensation.

Director Christine Benson Schwartzstein exercised 4,133 2023 Restricted Stock Units into an equal number of Talen Energy common shares at a stated price of $0.00. This reflects vesting of prior equity awards, not an open-market purchase.

After the transaction she directly holds 6,736 common shares. With no remaining derivative positions shown and no share sales or tax withholding reported, this looks like an exercise-and-hold pattern, generally viewed as routine for non-employee director compensation.

No Rule 10b5-1 trading plan, sales, or other dispositions are referenced in the available data. From an investor standpoint, the filing mainly confirms ongoing alignment through equity ownership rather than signaling a change in sentiment.

Insider Trade Summary

4,133 shares exercised/converted

Mixed 2 txns

Insider Schwartzstein Christine Benson

Role null

Type	Security	Shares	Price	Value
Exercise	2023 Restricted Stock Units	4,133	$0.00	--
Exercise	Common Stock	4,133	$0.00	--

Holdings After Transaction: 2023 Restricted Stock Units — 0 shares (Direct, null); Common Stock — 6,736 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSUs exercised: 4,133 units Common shares received: 4,133 shares Post-transaction holdings: 6,736 shares +1 more

4 metrics

RSUs exercised 4,133 units 2023 Restricted Stock Units settled May 22, 2026

Common shares received 4,133 shares Shares of Talen Energy common stock from RSU conversion

Post-transaction holdings 6,736 shares Common shares directly held after RSU settlement

Exercise price per share $0.00 per share Stated conversion price for RSUs into common stock

Key Terms

Restricted Stock Unit, Equity Incentive Plan, derivative security, vested

4 terms

Restricted Stock Unit financial

"Each Restricted Stock Unit ("RSU") was issued under the Talen Energy Corporation 2023 Equity Incentive Plan"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

Equity Incentive Plan financial

"issued under the Talen Energy Corporation 2023 Equity Incentive Plan (the "Plan")"

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

vested financial

"the final installment of the reporting person's RSUs vested on May 17, 2026"

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Form 4 Insider Transactions: What Each Field Means →

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^*

Schwartzstein Christine Benson

(Last) (First) (Middle)

2929 ALLEN PKWY, SUITE 2200

(Street)

HOUSTON TEXAS 77091

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/22/2026		M		4,133	A	(1)	6,736	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
2023 Restricted Stock Units	(1)	05/22/2026		M			4,133	(1)	(1)	Common Stock	4,133	$0	0	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 pursuant to the terms of the Plan. The reporting person's RSUs were granted on June 16, 2023 and the final installment of the reporting person's RSUs vested on May 17, 2026, the third anniversary of the vesting commencement date.

Remarks:

Exhibit 24.1 - Power of Attorney

	/s/ Daniel J. Kelly, attorney-in-fact	05/27/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Talen Energy Corp (TLN) report for Christine Benson Schwartzstein?

Talen Energy reported that director Christine Benson Schwartzstein exercised 4,133 2023 Restricted Stock Units into 4,133 shares of common stock on May 22, 2026. This was an equity-award settlement at a stated price of $0.00 per share, not an open-market stock purchase or sale.

How many Talen Energy (TLN) shares does Christine Benson Schwartzstein hold after this Form 4?

After exercising her 2023 RSUs, Christine Benson Schwartzstein directly holds 6,736 shares of Talen Energy common stock. The filing shows no remaining derivative positions for her and does not report any concurrent sales or tax-withholding dispositions related to this vesting event.

Were Talen Energy (TLN) shares bought or sold in the open market in this Form 4?

No open-market buy or sell took place. The Form 4 shows an "M" code transaction, meaning Schwartzstein exercised 4,133 Restricted Stock Units into 4,133 common shares at a stated price of $0.00, which reflects equity compensation vesting rather than a market trade.

What is the significance of the 2023 Restricted Stock Units in Talen Energy’s (TLN) filing?

The 2023 Restricted Stock Units were granted under Talen Energy’s 2023 Equity Incentive Plan on June 16, 2023. The final installment vested on May 17, 2026, and 4,133 RSUs were settled into common shares, illustrating how the company compensates directors with stock-based awards tied to service.

Did the Talen Energy (TLN) Form 4 indicate any remaining RSUs or options for Schwartzstein?

The derivative position for the 2023 Restricted Stock Units shows zero units remaining after the 4,133 RSUs were exercised into common shares. The derivative summary for this filing is empty, suggesting no additional derivative awards are reported for Schwartzstein in this particular Form 4.