Casulli Edward T. 4
4 · Talen Energy Corp · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Talen Energy (TLN) SVP Edward Casulli Receives Equity Award
What Happened Edward T. Casulli, SVP & Chief Nuclear Officer of Talen Energy Corporation, was granted equity awards on 2026-02-26 consisting of 3,577 restricted stock units (RSUs) and 10,730 performance-based restricted stock units (PSUs), for a total of 14,307 units. Each award was granted at $0.00 per unit (standard for equity grants) and is reported as a derivative acquisition (transaction code A). These are compensation awards, not open-market purchases or sales.
Key Details
- Transaction date: February 26, 2026; Form 4 filed March 2, 2026 (filing appears timely).
- Grant price: $0.00 per unit (award/grant).
- Award breakdown:
- 3,577 RSUs (vest over 2027–2029: 1,430 on 2/25/27, 1,431 on 2/25/28, 716 on 2/25/29) — F1, F2.
- 10,730 PSUs (performance-based: 4,292 tied to 2/25/28 performance and 6,438 tied to 2/25/29 performance; numbers shown reflect maximum/200% payout) — F3, F4.
- PSUs vest only if service and performance goals are met; PSU payouts can range 0%–200% of target, with a possible additional award tied to up to 3% of company market cap above maximum performance — see F4.
- Shares owned after the transaction are not specified in the provided filing excerpt.
Context
- RSUs: contingent rights to receive one share (or cash) at settlement subject to continued service and vesting schedule.
- PSUs: contingent on both continued service and achievement of performance goals; actual shares (or cash) received depend on performance metrics and Committee determination at settlement.
- These awards are routine executive compensation and do not represent an insider purchase or sale signaling immediate market action.
Insider Transaction Report
Form 4
Casulli Edward T.
SVP & Chief Nuclear Officer
Transactions
- Award
2026 Restricted Stock Units
[F1][F2]2026-02-26+3,577→ 3,577 total→ Common Stock (3,577 underlying) - Award
2026 Performance-Based Restricted Stock Units
[F3][F4]2026-02-26+10,730→ 10,730 total→ Common Stock (10,730 underlying)
Footnotes (4)
- [F1]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.
- [F2]Represents 1,430 RSUs that will vest on February 25, 2027, 1,431 RSUs that will vest on February 25, 2028 and 716 RSUs that will vest on February 25, 2029, in each case subject to the reporting person's continued service.
- [F3]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.
- [F4]Represents PSUs that will vest subject to the reporting person's (i) continued service and (ii) achievement of applicable performance goals. 4,292 of the PSUs will be eligible to vest based on performance as of February 25, 2028 and 6,438 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.
Signature
/s/ John C. Wander, attorney-in-fact|2026-03-02