[Form 4] Talen Energy Corp Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Talen Energy Corp’s Chief Asset Development Officer, Dale E. Lebsack Jr., reported vesting and settlement of 2023 stock awards tied to company performance and service. He exercised derivative awards covering 196,100 performance-based restricted stock units and 17,946 time-based restricted stock units into common stock at a stated conversion price of $0.00 per unit, consistent with equity incentive awards.
In connection with these vestings, he delivered 33,692 shares of common stock at $324.21 per share back to the company to cover tax withholding obligations in an exempt disposition under Rule 16b-3(e). Following the transactions, one reported line shows he directly owned 96,619 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
214,046 shares exercised/converted
Mixed
5 txns
Insider
Lebsack Dale E Jr.
Role
Chief Asset Dev. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2023 Restricted Stock Units | 17,946 | $0.00 | -- |
| Exercise | 2023 Performance-Based Restricted Stock Units | 196,100 | $0.00 | -- |
| Exercise | Common Stock | 7,178 | $0.00 | -- |
| Exercise | Common Stock | 78,440 | $0.00 | -- |
| Tax Withholding | Common Stock | 33,692 | $324.21 | $10.92M |
Holdings After Transaction:
2023 Restricted Stock Units — 0 shares (Direct, null);
2023 Performance-Based Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 18,179 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
Tax-withholding shares: 33,692 shares at $324.21/share
Performance-based RSUs converted: 196,100 units
Time-based RSUs converted: 17,946 units
+2 more
5 metrics
Tax-withholding shares
33,692 shares at $324.21/share
Shares remitted to company for tax withholding on 2026-05-22
Performance-based RSUs converted
196,100 units
2023 performance-based restricted stock units converting into common stock
Time-based RSUs converted
17,946 units
2023 restricted stock units converting into common stock
Total derivative shares exercised
214,046 shares
Exercise or conversion of derivative awards reported in transaction summary
Post-transaction common shares
96,619 shares
Direct common stock ownership after one reported transaction line
Key Terms
Restricted Stock Unit ("RSU"), performance-based restricted stock unit ("PSU"), 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"
Equity Incentive Plan financial
"was issued under the Talen Energy Corporation 2023 Equity Incentive Plan (the "Plan")"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
Rule 16b-3(e) regulatory
"In an exempt disposition to the Company under Rule 16b-3(e), the reporting person remitted shares"
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.
