Talen Energy (TLN) CCO receives 2026 RSU and performance PSU grants

Rhea-AI Filing Summary

Morice Christopher E reported acquisition or exercise transactions in this Form 4 filing.

Talen Energy Corp granted Chief Commercial Officer Christopher E. Morice 3,450 time-based Restricted Stock Units and 16,096 performance-based RSUs tied to 2026 awards. The time-based RSUs vest in tranches from February 2027 through February 2029, while the performance-based units can vest between 0% and 200% based on goals measured in 2028 and 2029, with settlement in shares or cash.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Morice Christopher E

Role Chief Commercial 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)

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 →

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
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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^*

Morice Christopher E

(Last) (First) (Middle)

2929 ALLEN PKWY

SUITE 2200

(Street)

HOUSTON TX 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 Commercial 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)
			Code	V	Amount	(A) or (D)	Price

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
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.
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FAQ

What insider equity awards did Talen Energy Corp (TLN) grant to its CCO?

Talen Energy Corp granted Chief Commercial Officer Christopher E. Morice 3,450 time-based Restricted Stock Units and 16,096 performance-based RSUs. Each unit represents a contingent right to one share of common stock or its cash equivalent under the 2023 Equity Incentive Plan.

How do the 2026 Restricted Stock Units for Talen Energy’s CCO vest?

The 3,450 RSUs vest over three future dates tied to continued service. 1,380 RSUs vest on February 25, 2027, another 1,380 on February 25, 2028, and the remaining 690 on February 25, 2029, assuming the executive remains in service.

What performance conditions apply to Talen Energy (TLN) 2026 performance-based RSUs?

The 16,096 performance-based RSUs vest only if service continues and performance goals are achieved. 6,438 PSUs are evaluated as of February 25, 2028 and 9,658 as of February 25, 2029, with actual vesting ranging from 0% to 200% of the target awards.

Can Talen Energy’s performance-based RSU awards exceed the 200% maximum level?

The awards allow vesting from 0% to 200% of target PSUs, with potential additional PSUs if the maximum level is exceeded. That extra amount equals the executive’s proportionate share of 3% of Talen Energy’s market capitalization above the maximum performance level.

How will the Talen Energy (TLN) RSUs and PSUs granted to the CCO be settled?

Each RSU and PSU represents a contingent right to receive one share of Talen Energy common stock or its cash equivalent. The Compensation Committee determines at settlement whether payment is made in shares, cash, or a combination, under the 2023 Equity Incentive Plan.