Talen Energy (TLN) SVP Casulli vests 2023 RSUs and PSUs and returns shares for tax withholding
Rhea-AI Filing Summary
Talen Energy Corp SVP & Chief Nuclear Officer Edward T. Casulli reported equity award vesting and related share movements. On May 22, 2026, he exercised 2023 performance-based restricted stock units and 2023 restricted stock units granted under the company’s 2023 Equity Incentive Plan, converting them into common stock at a conversion price of $0.00 per share.
As part of the same event, 2,774 shares of common stock were remitted back to the company at $324.21 per share in an exempt disposition under Rule 16b-3(e) to cover tax withholding obligations from the RSU and PSU vesting. Following these transactions, Casulli directly held 7,205 shares of common stock. The filing reflects routine compensation-related vesting, not open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,602 shares
Net Buy
5 txns
Insider
Casulli Edward T.
Role
SVP & Chief Nuclear Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2023 Restricted Stock Units | 6,376 | $0.00 | $0.00 |
| Exercise | 2023 Performance-Based Restricted Stock Units | 9,564 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,550 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,826 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,774 | $324.21 | $899K |
Holdings After Transaction:
2023 Restricted Stock Units — 0 shares (Direct);
2023 Performance-Based Restricted Stock Units — 0 shares (Direct);
Common Stock — 7,205 shares (Direct)
Footnotes (3)
- F1. 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. The reporting person's RSUs were granted on August 1, 2023 and the final installment of the reporting person's RSUs vested on May 17, 2026, the third anniversary of the vesting commencement date, with 60% of the after-tax value of such RSUs settled in cash.
- F2. 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. The number of PSUs that vest can range from 0% to 200% of the target number of PSUs subject to the award. The number of shares in this row represents the actual level of performance (200%). The reporting person's PSUs were granted on August 1, 2023 and they vested on May 17, 2026, the third anniversary of the vesting commencement date, with 60% of the after-tax value of such PSUs settled in cash.
- F3. In an exempt disposition to the Company under Rule 16b-3(e), the reporting person remitted shares to the Company in connection with the satisfaction of tax withholding obligations arising out of the vesting of the RSUs and PSUs.
Key Figures
Tax withholding shares: 2,774 shares
Tax withholding share price: $324.21 per share
Post-transaction holdings: 7,205 shares
+3 more
6 metrics
Tax withholding shares
2,774 shares
Shares remitted to company for tax obligations on vesting
Tax withholding share price
$324.21 per share
Price used for exempt disposition to company
Post-transaction holdings
7,205 shares
Common stock held directly after transactions
RSUs converted
6,376 units
2023 Restricted Stock Units converted into common stock
PSUs converted
9,564 units
2023 performance-based RSUs converted into common stock at 200% performance
Total units exercised
15,940 units
Sum of 2023 RSUs and PSUs converted into common stock
Key Terms
Restricted Stock Unit, performance-based restricted stock unit, Equity Incentive Plan, Rule 16b-3(e)
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.
performance-based restricted stock unit financial
"Each performance-based restricted stock unit ("PSU") was issued under the Plan and represents a contingent right"
A performance-based restricted stock unit is a promise of company shares given to an employee that only becomes actual stock if specific performance targets are met and any required time at the company is completed. For investors, these awards matter because they can dilute existing shares when earned and signal management’s confidence or the company’s expected future performance, much like a bonus cheque that only clears when pre-set goals are reached.
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.
Rule 16b-3(e) regulatory
"In an exempt disposition to the Company under Rule 16b-3(e), the reporting person remitted shares"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Talen Energy Corp (TLN) report for Edward T. Casulli?
Talen Energy reported that SVP & Chief Nuclear Officer Edward T. Casulli exercised 2023 RSUs and performance-based RSUs into common stock, then remitted 2,774 shares back to the company to cover tax withholding obligations tied to the vesting event.
Did the Talen Energy (TLN) Form 4 show open-market buying or selling by Edward T. Casulli?
No open-market trades were reported. The Form 4 shows equity awards vesting and shares issued from RSUs and PSUs, with 2,774 shares returned to Talen Energy in an exempt, issuer-directed disposition to satisfy tax withholding obligations under Rule 16b-3(e).
What equity awards vested for Edward T. Casulli at Talen Energy (TLN)?
Casulli’s 2023 Restricted Stock Units and 2023 performance-based Restricted Stock Units vested. The PSUs vested at 200% of the target level, and both award types were issued under Talen Energy Corporation’s 2023 Equity Incentive Plan, with settlement partly in cash and partly in shares.