Casulli Edward T. 4

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.