Talen Energy (TLN) president receives 2026 RSU and PSU grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Talen Energy Corp President Terry L. Nutt received new equity awards tied to time and performance. On February 26, 2026, he was granted 7,090 time-based 2026 Restricted Stock Units that vest in tranches on February 25, 2027, 2028, and 2029, conditioned on continued service.
He was also granted 33,086 2026 Performance-Based Restricted Stock Units that may vest based on both continued service and achievement of performance goals, with 13,234 eligible to vest based on performance as of February 25, 2028 and 19,852 as of February 25, 2029. The disclosed PSU and share amounts reflect the maximum 200% performance level. Following these awards, he directly holds 12,676 shares of common stock, including 74 shares acquired through the 2025 Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Nutt Terry L
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2026 Restricted Stock Units | 7,090 | $0.00 | -- |
| Grant/Award | 2026 Performance-Based Restricted Stock Units | 33,086 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
2026 Restricted Stock Units — 7,090 shares (Direct);
2026 Performance-Based Restricted Stock Units — 33,086 shares (Direct);
Common Stock — 12,676 shares (Direct)
Footnotes (1)
- Includes 74 shares of common stock, par value $0.001 ("common stock"), of Talen Energy Corporation (the "Company") purchased from the 2025 Talen Energy Corporation Employee Stock Purchase Plan on December 31, 2025. 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 of 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 2,836 RSUs that will vest on February 25, 2027, 2,836 RSUs that will vest on February 25, 2028 and 1,418 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. 13,234 of the PSUs will be eligible to vest based on performance as of February 25, 2028 and 19,852 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.
FAQ
What equity awards did Talen Energy (TLN) President Terry Nutt receive?
Terry Nutt received 7,090 time-based Restricted Stock Units and 33,086 Performance-Based Restricted Stock Units. These awards were granted under Talen Energy’s 2023 Equity Incentive Plan and can settle in common stock or cash, as determined by the Compensation Committee.
How do Terry Nutt’s 2026 Restricted Stock Units at Talen Energy (TLN) vest?
The 7,090 Restricted Stock Units vest over three dates: 2,836 units on February 25, 2027, 2,836 units on February 25, 2028, and 1,418 units on February 25, 2029, all subject to Terry Nutt’s continued service with Talen Energy.
What are the performance conditions on Terry Nutt’s PSUs at Talen Energy (TLN)?
The 33,086 Performance-Based Restricted Stock Units vest based on continued service and meeting performance goals. 13,234 units are eligible based on performance as of February 25, 2028 and 19,852 as of February 25, 2029, with payouts ranging from 0% to 200% of target.
Why do the reported PSU numbers for Talen Energy (TLN) reflect maximum performance?
The filing states the PSU and share counts reflect the maximum performance level of 200%. If maximum performance is exceeded, additional PSUs may be earned based on a 3% share of market capitalization above the maximum level, allocated among participating executive officers.