Talen Energy CEO shifts 260,335 shares to trust
Talen Energy Corp director and CEO Mark Allen McFarland reported an internal restructuring of his ownership in the company’s common stock.
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Rhea-AI Filing Summary
Talen Energy Corp director and CEO Mark Allen McFarland reported an internal restructuring of his ownership in the company’s common stock. He transferred 260,335 shares from his personal name into the MCM Living Trust, a revocable trust for which he is trustee, and now holds those shares indirectly while retaining 117 shares directly. According to the disclosure, this change reflects a shift from direct to indirect beneficial ownership only and does not change his economic interest in the shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 260,335 | $0.00 | $0.00 |
| Other | Common Stock | 260,335 | $0.00 | $0.00 |
Footnotes (1)
- F1. All transactions reported herein reflect shares transferred by the reporting person from his individual name to MCM Living Trust, a revocable trust for which the reporting person is trustee. The transactions constitute a change from direct to indirect beneficial ownership only and do not involve a change in pecuniary interest.
Key Figures
Key Terms
Form 4 regulatory
beneficial ownership financial
revocable trust financial
transaction code J regulatory
pecuniary interest financial
FAQ
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What did Talen Energy (TLN) CEO Mark Allen McFarland report on this Form 4?
What is the MCM Living Trust mentioned in the Talen Energy (TLN) filing?
What does transaction code “J” mean in the Talen Energy (TLN) CEO’s Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.