Director Stephen Schaefer granted 1,118 RSUs at Talen Energy (TLN)

Rhea-AI Filing Summary

SCHAEFER STEPHEN reported acquisition or exercise transactions in this Form 4 filing.

Talen Energy Corp director Stephen Schaefer received a grant of 1,118 Restricted Stock Units. These 2026 RSUs were awarded at no cash cost under the Talen Energy Corporation 2023 Equity Incentive Plan. Each unit represents the right to receive one share of common stock or its cash equivalent, as determined at settlement. The RSUs are scheduled to vest on February 25, 2027, subject to his continued service with the company.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SCHAEFER STEPHEN

(Last) (First) (Middle)

2929 ALLEN PKWY

SUITE 2200

(Street)

HOUSTON TX 77019

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Talen Energy Corp [ TLN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/26/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
2026 Restricted Stock Units	(1)	02/26/2026		A		1,118		(2)	(2)	Common Stock	1,118	$0	1,118	D

Explanation of Responses:

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, 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.

2. Represents RSUs that, subject to the reporting person's continued service, will vest on February 25, 2027.

Remarks:

	/s/ John C. Wander, attorney-in-fact	03/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did Talen Energy Corp (TLN) director Stephen Schaefer report on this Form 4?

Stephen Schaefer reported receiving 1,118 2026 Restricted Stock Units as an equity award. The grant was made at no cash cost under Talen Energy Corporation’s 2023 Equity Incentive Plan as part of his director compensation package.

How many Restricted Stock Units did TLN director Stephen Schaefer receive?

He received 1,118 Restricted Stock Units tied to Talen Energy Corp common stock. These RSUs were granted as a compensatory award and increase his direct derivative holdings to 1,118 units following the transaction reported on this Form 4.

When do Stephen Schaefer’s 2026 RSUs at Talen Energy Corp (TLN) vest?

These RSUs are scheduled to vest on February 25, 2027, provided Stephen Schaefer continues his service with Talen Energy Corp. Vesting means the units convert into the right to receive shares or cash, according to the plan’s settlement terms.

What does each Restricted Stock Unit represent in the TLN Form 4 filing?

Each RSU represents a contingent right to receive one share of Talen Energy Corp common stock or its cash equivalent. The Compensation Committee will determine at settlement whether delivery is in shares or cash, following the 2023 Equity Incentive Plan terms.

Under which plan were Stephen Schaefer’s TLN RSUs granted?

The 1,118 RSUs were granted under the Talen Energy Corporation 2023 Equity Incentive Plan. This plan governs the terms of equity awards, including vesting conditions, settlement in shares or cash, and oversight by the company’s Compensation Committee.

Did Stephen Schaefer pay a purchase price for the TLN RSUs he received?

No, the RSUs were reported with a per-unit price of $0.0000, indicating a compensatory grant rather than an open-market purchase. The award increases his potential future stake without an immediate cash outlay from him.