Talen SVP equity awards vest and cover taxes
Talen Energy Corp SVP & Chief Accounting Officer Anthony J. Plagens reported equity award vesting and related share movements.
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Form Type
4
Rhea-AI Filing Summary
Talen Energy Corp SVP & Chief Accounting Officer Anthony J. Plagens reported equity award vesting and related share movements. On May 22, 2026, he exercised or settled awards covering 14,170 shares of common stock tied to 2023 RSU and PSU grants under the company’s 2023 Equity Incentive Plan.
The 2023 Restricted Stock Units and performance-based RSUs vested on May 17, 2026, three years after the vesting start date, with 60% of the after-tax value settled in cash. In an exempt transaction, 2,231 shares of common stock were remitted back to the company to cover tax withholding obligations, rather than sold on the open market.
Insider Trade Summary
14,170 shares exercised/converted
Exercise
5 txns
Insider
Plagens Anthony J
Role
SVP & Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2023 Restricted Stock Units | 5,668 | $0.00 | $0.00 |
| Exercise | 2023 Performance-Based Restricted Stock Units | 8,502 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,267 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,401 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,231 | $324.21 | $723K |
Holdings After Transaction:
2023 Restricted Stock Units — 0 contracts (Direct);
2023 Performance-Based Restricted Stock Units — 0 contracts (Direct);
Common Stock — 6,874 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
Shares from vested PSUs: 8,502 shares
Shares from vested RSUs: 5,668 shares
Total shares from 2023 awards: 14,170 shares
+3 more
6 metrics
Shares from vested PSUs
8,502 shares
Performance-based RSUs settled into common stock at 200% of target
Shares from vested RSUs
5,668 shares
2023 Restricted Stock Units converting into common stock
Total shares from 2023 awards
14,170 shares
Sum of vested 2023 RSUs and PSUs settled into common stock
Shares remitted for taxes
2,231 shares
Exempt disposition to company for tax withholding under Rule 16b-3(e)
Tax-withholding transactions
1 transaction
F-code disposition related to RSU and PSU vesting
Derivative exercises/conversions
2 derivative transactions
RSU and PSU awards exercised or converted into common stock
Key Terms
Restricted Stock Unit ("RSU"), performance-based restricted stock unit ("PSU"), 2023 Equity Incentive Plan, Rule 16b-3(e), +1 more
5 terms
Restricted Stock Unit ("RSU") financial
"Each Restricted Stock Unit ("RSU") was issued under the Talen Energy Corporation 2023 Equity Incentive Plan"
performance-based restricted stock unit ("PSU") financial
"Each performance-based restricted stock unit ("PSU") was issued under the Plan and represents a contingent right"
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"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Talen Energy (TLN) report for Anthony J. Plagens?
Talen Energy reported that Anthony J. Plagens had 2023 RSU and PSU awards vest and convert into 14,170 shares of common stock. He also remitted 2,231 shares back to the company to satisfy tax withholding obligations related to this vesting, in an exempt internal transaction.
What are the key terms of Talen Energy’s 2023 equity awards to Anthony J. Plagens?
Each RSU or PSU represents a contingent right to receive one Talen common share or its cash equivalent under the 2023 Equity Incentive Plan. For PSUs, actual vesting can range from 0% to 200% of target. The filing shows performance at 200% of the target level.
How were Anthony J. Plagens’ performance-based RSUs at Talen (TLN) settled?
Performance-based RSUs granted in 2023 vested on May 17, 2026 at 200% of target, yielding 8,502 units converting into common stock or cash. According to the filing, 60% of the after-tax value of these PSUs was settled in cash, with the remainder delivered in shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
