Talen Energy Corp (NASDAQ: TLN) president nets shares from RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Talen Energy Corp president Terry L. Nutt reported vesting of 20,780 Restricted Stock Units granted under the 2023 Equity Incentive Plan. The RSUs converted into common stock, with 60% of the after-tax value settled in cash. 3,271 shares were remitted to the company for tax withholding, and he now directly owns 76,136 common shares, including ESPP purchases.
Positive
- None.
Negative
- None.
Insider Trade Summary
20,780 shares exercised/converted
Mixed
3 txns
Insider
Nutt Terry L
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2023 Restricted Stock Units | 20,780 | $0.00 | -- |
| Exercise | Common Stock | 8,312 | -- | -- |
| Tax Withholding | Common Stock | 3,271 | $385.80 | $1.26M |
Holdings After Transaction:
2023 Restricted Stock Units — 0 shares (Direct);
Common Stock — 76,136 shares (Direct)
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 pursuant to the terms of the Plan. The reporting person's RSUs were granted on July 10, 2023 and the final installment of the reporting person's RSUs vested on July 10, 2026, the third anniversary of the vesting commencement date, with 60% of the after-tax value of such RSUs settled in cash. Includes 63 shares of the Company's common stock purchased from the 2025 Talen Energy Corporation Employee Stock Purchase Plan on June 30, 2026. 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.
Key Figures
Shares remitted for taxes: 3,271 shares
Tax withholding share price: $385.80 per share
RSUs converted: 20,780 units
+3 more
6 metrics
Shares remitted for taxes
3,271 shares
Common stock remitted in exempt disposition for tax withholding on RSU vesting
Tax withholding share price
$385.80 per share
Value applied to the 3,271-share tax-withholding disposition
RSUs converted
20,780 units
2023 Restricted Stock Units converted into common stock on July 15, 2026
Common shares from RSU vesting
8,312 shares
Non-derivative common stock reported from RSU-related exercise on July 15, 2026
Direct holdings after transactions
76,136 shares
Talen Energy common stock directly owned by Terry L. Nutt after the reported activity
RSU cash settlement portion
60% of after-tax value
Portion of vested RSUs settled in cash under the 2023 Equity Incentive Plan
Key Terms
Restricted Stock Unit, Equity Incentive Plan, Rule 16b-3(e), Employee Stock Purchase Plan, +1 more
5 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit 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.
Equity Incentive Plan financial
"issued under the Talen Energy Corporation 2023 Equity Incentive 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"
Employee Stock Purchase Plan financial
"Includes 63 shares purchased from the 2025 Talen Energy Corporation Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
tax withholding obligations financial
"remitted shares to the Company in connection with the satisfaction of tax withholding obligations"
FAQ
What did Talen Energy (TLN) president Terry L. Nutt report in this Form 4?
Terry L. Nutt reported vesting and conversion of 20,780 RSUs, acquisition of common stock, and remittance of 3,271 shares back to Talen Energy to satisfy tax withholding obligations associated with the RSU vesting under the 2023 Equity Incentive Plan.
How many Talen Energy (TLN) RSUs vested and were converted for Terry L. Nutt?
A total of 20,780 Restricted Stock Units granted on July 10, 2023 vested on July 10, 2026 and were converted into common stock. Under the plan terms, 60% of the after-tax value of these RSUs was settled in cash rather than shares.