Schwartzstein Christine Benson reported acquisition or exercise transactions in this Form 4 filing.
Talen Energy Corp director Christine Benson Schwartzstein received a grant of 448 Restricted Stock Units on 2026-02-26. These 2026 RSUs were issued under the Talen Energy Corporation 2023 Equity Incentive Plan at no purchase price.
Each RSU represents a contingent right to receive one share of Talen Energy common stock or its cash equivalent, as determined at settlement by the Compensation Committee. The RSUs will vest on February 25, 2027, subject to her continued service, and she now holds 448 such units directly following this award.
Berryman Brad reported acquisition or exercise transactions in this Form 4 filing.
Talen Energy Corp Chief Operating Officer Brad Berryman reported equity awards of restricted stock units tied to the company’s common stock. He received 3,450 time-based RSUs under the 2023 Equity Incentive Plan, which are scheduled to vest in tranches through February 25, 2029, subject to continued service. He also received 16,096 performance-based RSUs (PSUs), eligible to vest in 2028 and 2029 based on continued service and achievement of performance goals, with amounts that can range from 0% up to a stated maximum level of performance.
ABBAS GIZMAN I reported acquisition or exercise transactions in this Form 4 filing.
Talen Energy Corp director Abbas Gizman I received a grant of 448 "2026 Restricted Stock Units" on February 26, 2026. These RSUs were issued under the Talen Energy Corporation 2023 Equity Incentive Plan and represent rights to receive an equal number of common shares or cash. The award will vest on February 25, 2027, subject to his continued service.
Horton Anthony R reported acquisition or exercise transactions in this Form 4 filing.
Talen Energy Corp reported that director Anthony R. Horton received a grant of 448 2026 Restricted Stock Units on February 26, 2026. The units were granted at a price of $0.00 per unit under the company’s 2023 Equity Incentive Plan.
Each RSU represents a potential right to receive one share of Talen Energy common stock or its cash equivalent, as determined at settlement by the Compensation Committee. The entire award is scheduled to vest on February 25, 2027, conditioned on Horton’s continued service with the company.
Nigro Joseph reported acquisition or exercise transactions in this Form 4 filing.
Talen Energy Corp director Joseph Nigro received an equity award in the form of restricted stock units. On February 26, 2026, he was granted 448 "2026 Restricted Stock Units" at no purchase price, under the Talen Energy Corporation 2023 Equity Incentive Plan.
Each RSU represents a contingent right to receive one share of Talen Energy common stock, or its cash equivalent, as determined at settlement by the Board’s Compensation Committee. These 448 RSUs will vest on February 25, 2027, as long as Nigro continues to serve the company through that date.
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.
Talen Energy Corporation files its annual report describing a 13.1 GW U.S. power portfolio anchored by 2.2 GW of nuclear capacity. The company emphasizes low- and zero-carbon baseload generation, including a 90% interest in the 2.5 GW Susquehanna nuclear facility, which produced about 17 TWh in 2025 at roughly $27 per MWh.
Talen highlights long-term contracted revenues, including an expanded AWS power purchase agreement for up to 1,920 MW of carbon-free nuclear power through 2042 and reliability-must-run contracts for its Brandon Shores and H.A. Wagner plants providing $145 million and $35 million in fixed annual payments starting June 2025. The report also details recent and pending acquisitions of efficient natural gas plants totaling about 5.3 GW for roughly $7.25 billion in aggregate consideration, funded largely with new senior notes and additional debt, along with clearing 8,745 MW in PJM’s 2027/2028 capacity auction at $333.44 per MW-day.
Talen Energy reported a 2025 GAAP net loss attributable to stockholders of $(219) million, down from $998 million in 2024, mainly because 2024 included large asset sale gains and 2025 reflected a $501 million stock-based compensation charge.
Underlying operations strengthened, with 2025 Adjusted EBITDA rising to $1,035 million from $770 million and Adjusted Free Cash Flow increasing to $524 million from $283 million, helped by higher capacity and energy revenues. Management reaffirmed 2026 guidance for Adjusted EBITDA of $1,750–$2,050 million and Adjusted Free Cash Flow of $980–$1,180 million, excluding the Cornerstone Acquisition.
Talen closed the Freedom and Guernsey acquisitions for $3.8 billion in cash, adding about 2.8 GW of baseload capacity funded with new debt. It also agreed to buy the Waterford, Darby and Lawrenceburg plants for $3.45 billion (including $2.55 billion cash and 2,400,000 shares), targeting net leverage below 3.5% net debt-to-Adjusted EBITDA by year-end 2026 and reporting about $2.1 billion of liquidity as of February 20, 2026.
Talen Energy Corporation filed an amended current report to add detailed financial statements and pro forma information for its previously closed power plant acquisitions. Talen bought the Freedom Generating Station (1,045 MW) and Guernsey Power Station (1,836 MW) from Caithness Energy for approximately $3.5 billion.
For the nine months ended September 30, 2025, Moxie Freedom LLC generated $246.8 million in electricity revenue and $51.9 million in net income, while Guernsey Power Holdings, LLC produced $437.0 million in electricity revenue and $71.7 million in net income. The filing also includes unaudited pro forma combined financials showing Talen’s results as if these plants had been owned earlier.
Talen Energy Corporation agreed to acquire Cornerstone Generation Holdings’ parent entities in a $3.45 billion deal. The purchase price includes approximately $2.55 billion in cash, subject to customary adjustments, plus 2,400,000 shares of Talen common stock issued as consideration. Through this transaction, Talen will indirectly own three natural gas power plants: a 480 MW combustion turbine facility in Ohio, a 1,218 MW combined cycle gas facility in Indiana, and an 869 MW combined cycle gas facility in Ohio.
Closing depends on customary conditions, including required regulatory approvals. At closing, Talen and the sellers will enter a registration rights agreement under which Talen will register the resale of the stock portion of the consideration, with additional demand and piggy-back rights and lock-ups of 90 days on half of the shares and 180 days on the rest. Talen also announced the deal in a press release and scheduled an investor call to discuss the acquisition.