Plagens Anthony J 4
4 · Talen Energy Corp · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Talen Energy (TLN) SVP Anthony Plagens Receives RSU & PSU Awards
What Happened
- Anthony J. Plagens, SVP & Chief Accounting Officer of Talen Energy (TLN), received two equity awards on Feb 26, 2026: 1,467 Restricted Stock Units (RSUs) and 4,400 Performance-Based Restricted Stock Units (PSUs). Both awards are reported as derivative grants at $0.00 per unit (i.e., long‑term incentive awards, not open‑market purchases or sales). The grants were filed on Form 4 on March 2, 2026.
Key Details
- Transaction date: 2026-02-26; Form 4 filed: 2026-03-02 (timely based on the two-business-day reporting rule).
- Transaction code: A = Award/Grant; price reported: $0.00 (typical for RSU/PSU grants).
- Award amounts: 1,467 RSUs and 4,400 PSUs. No immediate cash or share transfer — these are contingent rights that convert to shares (or cash equivalent) upon settlement.
- Shares owned after transaction: not reported in the provided filing.
- Footnote highlights:
- RSUs (F1/F2): Each RSU converts to one share (or cash) at settlement. Vesting schedule for the 1,467 RSUs: 586 vest on Feb 25, 2027; 587 vest on Feb 25, 2028; 294 vest on Feb 25, 2029, subject to continued service.
- PSUs (F3/F4): PSUs vest based on continued service and performance goals. 1,760 PSUs are tied to performance as of Feb 25, 2028 and 2,640 PSUs to Feb 25, 2029. Vesting ranges from 0%–200% of target, with a possible additional award tied to company market‑cap outperformance (up to a pro rata share of 3% of market cap above the max).
- No indication in the filing of tax-withholding sales, 10b5-1 plans, or late filing.
Context
- RSUs and PSUs are compensation awards that convert to shares (or cash) only if vesting and performance/service conditions are met; they are not purchases or sales and therefore are generally viewed as incentive compensation rather than an immediate bullish or bearish signal from the insider. PSUs are performance-contingent and can pay out between 0% and 200% (plus limited additional upside) depending on achievement of goals.
Insider Transaction Report
Form 4
Plagens Anthony J
SVP & Chief Accounting Officer
Transactions
- Award
2026 Restricted Stock Units
[F1][F2]2026-02-26+1,467→ 1,467 total→ Common Stock (1,467 underlying) - Award
2026 Performance-Based Restricted Stock Units
[F3][F4]2026-02-26+4,400→ 4,400 total→ Common Stock (4,400 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 586 RSUs that will vest on February 25, 2027, 587 RSUs that will vest on February 25, 2028 and 294 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. 1,760 of the PSUs will be eligible to vest based on performance as of February 25, 2028 and 2,640 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