Talen Energy (TLN) director settles 4,133 RSUs into common shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Talen Energy Corp director Anthony R. Horton exercised 4,133 Restricted Stock Units into an equal number of common shares on May 22, 2026. The RSUs were granted under the 2023 Equity Incentive Plan and vested on May 17, 2026. Following this compensation-related settlement, he holds 9,265 common shares directly, with no shares reported as sold or withheld for taxes in this filing.

Insider Trade Summary

4,133 shares exercised/converted

Mixed 2 txns

Insider Horton Anthony R

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 — 9,265 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

RSUs exercised: 4,133 shares Shares owned after transaction: 9,265 shares Exercise price per RSU: $0.00 per share +1 more

4 metrics

RSUs exercised 4,133 shares 2023 Restricted Stock Units settled into common stock on May 22, 2026

Shares owned after transaction 9,265 shares Total direct common stock holdings following RSU settlement

Exercise price per RSU $0.00 per share RSUs converted into common stock at no cash exercise price

RSUs remaining 0 units 2023 Restricted Stock Units outstanding after conversion

Key Terms

Restricted Stock Unit, 2023 Equity Incentive Plan, Compensation Committee, vesting

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.

2023 Equity Incentive Plan financial

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

Compensation Committee financial

"as determined at the time of settlement by the Compensation Committee of the Company's Board of Directors"

A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.

vesting financial

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

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Form 4 Insider Transactions: What Each Field Means →

05/27/2026 - 06:29 PM

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^*

Horton Anthony R

(Last)

(First)

(Middle)

2929 ALLEN PKWY, SUITE 2200

(Street)

HOUSTON

TEXAS

77019

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/22/2026		M		4,133	A	⁽¹⁾	9,265	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Talen Energy Corp (TLN) report for Anthony R. Horton?

Talen Energy reported that director Anthony R. Horton exercised 4,133 Restricted Stock Units into 4,133 common shares. This was a compensation-related equity settlement under the 2023 Equity Incentive Plan, not an open-market purchase or sale of stock.

How many Talen Energy (TLN) shares does Anthony R. Horton own after this Form 4?

After the RSU settlement, Anthony R. Horton directly owns 9,265 shares of Talen Energy common stock. His previously outstanding 4,133 Restricted Stock Units were fully converted into shares, leaving no remaining RSUs reported in this filing.

Were any Talen Energy (TLN) shares sold or withheld for taxes in this Form 4?

No sales or tax-withholding dispositions were reported. The Form 4 shows only the exercise and settlement of 4,133 Restricted Stock Units into common shares, with no separate sale or F-code tax withholding transaction disclosed for this event.

What are the 2023 Restricted Stock Units mentioned in the Talen Energy (TLN) filing?

The 2023 Restricted Stock Units are equity awards under Talen Energy’s 2023 Equity Incentive Plan. Each RSU represented a contingent right to receive one share of common stock or its cash equivalent, determined at settlement by the Compensation Committee.

When did Anthony R. Horton’s RSUs in Talen Energy (TLN) fully vest?

The RSUs granted to Anthony R. Horton on June 16, 2023 reached final vesting on May 17, 2026. That date marked the third anniversary of the vesting commencement date, after which the 4,133 units were eligible for settlement into common shares.