Talen Energy (NYSE: TLN) COO settles 2023 RSUs and PSUs, uses shares for tax
Rhea-AI Filing Summary
Talen Energy Corp Chief Operating Officer Brad Berryman reported compensation-related equity transactions involving common stock and restricted stock units. On May 22, 2026, he exercised awards representing a total of 247,844 shares of common stock underlying 2023 restricted stock units and performance-based restricted stock units granted under the 2023 Equity Incentive Plan.
In connection with the vesting and settlement of these RSUs and PSUs, 43,047 shares of common stock were remitted back to the company to satisfy tax withholding obligations in an exempt transaction under Rule 16b-3(e), rather than through an open-market sale. Following these transactions, one reported entry shows Berryman holding 67,729 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 56,091 shares
Net Buy
5 txns
Insider
Berryman Brad
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2023 Restricted Stock Units | 20,780 | $0.00 | $0.00 |
| Exercise | 2023 Performance-Based Restricted Stock Units | 227,064 | $0.00 | $0.00 |
| Exercise | Common Stock | 8,312 | $0.00 | $0.00 |
| Exercise | Common Stock | 90,826 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 43,047 | $324.21 | $13.96M |
Holdings After Transaction:
2023 Restricted Stock Units — 0 shares (Direct);
2023 Performance-Based Restricted Stock Units — 0 shares (Direct);
Common Stock — 67,729 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 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, 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, plus an additional incentive based on the Company's market capitalization at vesting, as more fully set forth in the applicable award agreement. The number of shares in this row represents the actual level of performance (200%) plus the additional incentive shares described above. The reporting person's PSUs were granted on June 16, 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: 43,047 shares
Performance-based units exercised: 227,064 units
Restricted stock units exercised: 20,780 units
+2 more
5 metrics
Tax withholding shares
43,047 shares
Shares remitted to company for tax withholding on May 22, 2026
Performance-based units exercised
227,064 units
2023 performance-based RSUs settled into common stock or cash
Restricted stock units exercised
20,780 units
2023 RSUs settled into common stock or cash
Total derivative shares exercised
247,844 shares
Aggregate shares underlying RSUs and PSUs exercised
Direct common shares held
67,729 shares
Direct ownership after reported tax-withholding disposition
Key Terms
Restricted Stock Unit, performance-based restricted stock unit, 2023 Equity Incentive Plan, Rule 16b-3(e), +1 more
5 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.
2023 Equity Incentive Plan financial
"Each Restricted Stock Unit ("RSU") was issued under the Talen Energy Corporation 2023 Equity Incentive Plan (the "Plan")"
Rule 16b-3(e) regulatory
"In an exempt disposition to the Company under Rule 16b-3(e), the reporting person remitted shares"
after-tax value financial
"with 60% of the after-tax value of such RSUs settled in cash"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Talen Energy (TLN) COO Brad Berryman report?
Brad Berryman reported exercises of equity awards tied to Talen Energy common stock and related tax withholding. He converted 2023 restricted stock units and performance-based units into shares, then remitted some shares back to the company to cover tax obligations in an exempt transaction.
How many performance-based units did the Talen Energy (TLN) COO vest and settle?
The COO settled 227,064 performance-based restricted stock units into common shares or cash. This number reflects 200% of the target award plus additional incentive shares based on market capitalization at vesting, as described in the applicable award agreement and plan documents.
Were the Talen Energy (TLN) COO’s reported transactions open-market stock sales?
The filing describes an exempt disposition to the company under Rule 16b-3(e) to cover tax withholding on vested RSUs and PSUs. It does not describe open-market sales; shares were remitted back to Talen Energy to satisfy tax obligations from equity award vesting.
What happens to Talen Energy (TLN) RSUs and PSUs when they vest for executives?
Each RSU or PSU represents a contingent right to receive one share of common stock or its cash equivalent at settlement. For these 2023 awards, 60% of the after-tax value was settled in cash, with the remainder delivered in shares, subject to plan and committee determinations.