Plagens Anthony J 4

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.