Talen Energy (TLN) CAO settles 2023 RSUs and PSUs, remits 37,594 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Talen Energy Corp Chief Administrative Officer Andrew M. Wright reported compensation-related equity transactions tied to 2023 stock awards. On May 22, 2026, he exercised performance-based and time-based restricted stock units granted on June 16, 2023, converting them into common stock as those awards vested on May 17, 2026.
The filing shows 218,808 performance-based restricted stock units and 20,024 restricted stock units converting into common shares at a stated price of $0.0000 per unit pursuant to the company’s 2023 Equity Incentive Plan, with 60% of the after-tax value of each award settled in cash. In a related exempt transaction under Rule 16b-3(e), Wright remitted 37,594 shares back to the company to satisfy tax withholding obligations arising from these vestings.
Following the tax-withholding disposition, he directly holds 70,200 shares of Talen Energy common stock. The filing reports no open-market purchases or sales; activity reflects equity award vesting, derivative exercises, and associated tax payments.
Positive
- None.
Negative
- None.
Insider Trade Summary
238,832 shares exercised/converted
Mixed
5 txns
Insider
Wright Andrew M
Role
Chief Administrative Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2023 Restricted Stock Units | 20,024 | $0.00 | -- |
| Exercise | 2023 Performance-Based Restricted Stock Units | 218,808 | $0.00 | -- |
| Exercise | Common Stock | 8,010 | $0.00 | -- |
| Exercise | Common Stock | 87,523 | $0.00 | -- |
| Tax Withholding | Common Stock | 37,594 | $324.21 | $12.19M |
Holdings After Transaction:
2023 Restricted Stock Units — 0 shares (Direct, null);
2023 Performance-Based Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 20,271 shares (Direct, null)
Footnotes (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. 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. 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. 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 remitted for taxes: 37,594 shares
Performance-based RSUs exercised: 218,808 units
Time-based RSUs exercised: 20,024 units
+3 more
6 metrics
Shares remitted for taxes
37,594 shares
Exempt disposition to company for tax withholding on May 22, 2026
Performance-based RSUs exercised
218,808 units
2023 performance-based restricted stock units converting into common stock
Time-based RSUs exercised
20,024 units
2023 restricted stock units converting into common stock
Shares held after tax disposition
70,200 shares
Common stock directly owned following tax-withholding remittance
Non-derivative shares from larger exercise
87,523 shares
Common stock acquired via derivative exercise on May 22, 2026
Non-derivative shares from smaller exercise
8,010 shares
Additional common stock acquired via derivative exercise
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"
FAQ
What insider transactions did Talen Energy (TLN) report for Andrew M. Wright?
Talen Energy reported that Chief Administrative Officer Andrew M. Wright settled vested 2023 restricted stock units and performance-based units into common stock, then remitted shares back to the company to cover tax withholding obligations, all as part of its equity compensation arrangements rather than open-market trading.
What equity awards vested for Talen Energy (TLN) executive Andrew M. Wright?
Wright’s 2023 restricted stock units and performance-based restricted stock units vested on May 17, 2026. The filing shows 20,024 time-based RSUs and 218,808 performance-based units converting into common stock or cash equivalents under Talen Energy’s 2023 Equity Incentive Plan, based on plan and award terms.
Were Andrew M. Wright’s recent Talen Energy (TLN) transactions open-market buys or sells?
No, the transactions were not open-market buys or sells. They involved derivative exercises of restricted and performance-based stock units and an exempt disposition of shares back to Talen Energy to cover tax withholding, all under compensation arrangements and Rule 16b-3(e) provisions.
How were Talen Energy (TLN) 2023 RSUs and PSUs settled for Andrew M. Wright?
For both the 2023 restricted stock units and performance-based units, 60% of the after-tax value was settled in cash. The remaining value was settled in Talen Energy common stock, consistent with the terms of the 2023 Equity Incentive Plan and related award agreements.