Lebsack Dale E Jr. 4
4 · Talen Energy Corp · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Talen Energy (TLN) Chief Asset Dev. Officer Dale Lebsack Receives Award
What Happened
Dale E. Lebsack Jr., Chief Asset Development Officer of Talen Energy (TLN), was granted equity awards on February 26, 2026: 3,450 restricted stock units (RSUs) and 16,096 performance-based restricted stock units (PSUs). Both grants were reported as awards (acquisition price $0) and are contingent rights to receive shares of common stock (or cash equivalent) upon vesting under the company’s 2023 Equity Incentive Plan. These are compensation awards (not open-market purchases or sales).
Key Details
- Transaction date: February 26, 2026; filing date: March 2, 2026 (file appears timely).
- Awards: 3,450 RSUs (grant price $0) and 16,096 PSUs (grant price $0). Total units reported = 19,546 contingent units.
- RSU vesting schedule (per filing): 1,380 RSUs vest 2/25/2027; 1,380 vest 2/25/2028; 690 vest 2/25/2029, subject to continued service.
- PSU vesting (per filing): PSUs vest subject to continued service and achievement of performance goals. The filing shows maximum-performance (200%) amounts: 6,438 PSUs tied to performance as of 2/25/2028 and 9,658 PSUs tied to performance as of 2/25/2029; actual payout can range from 0%–200% of target, with possible additional shares tied to 3% of market-cap above maximum performance.
- Shares owned after the transaction: not disclosed in the provided filing excerpt.
- Other note: filing footnote indicates 117 shares were purchased under the company’s 2025 Employee Stock Purchase Plan (ESPP) and included in reported holdings.
Context
RSUs and PSUs are common forms of executive compensation. RSUs vest based on continued service; PSUs vest only if specified performance targets are met, so actual shares received may be materially different from the grant amounts. These awards are not immediate cash/market transactions and do not by themselves indicate insider buying or selling sentiment.
Insider Transaction Report
- Award
2026 Restricted Stock Units
[F2][F3]2026-02-26+3,450→ 3,450 total→ Common Stock (3,450 underlying) - Award
2026 Performance-Based Restricted Stock Units
[F4][F5]2026-02-26+16,096→ 16,096 total→ Common Stock (16,096 underlying)
- 11,001
Common Stock
[F1]
Footnotes (5)
- [F1]Includes 117 shares of common stock, par value $0.001 ("common stock"), of Talen Energy Corporation (the "Company") purchased from the 2025 Talen Energy Corporation Employee Stock Purchase Plan on June 30, 2025.
- [F2]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 of 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.
- [F3]Represents 1,380 RSUs that will vest on February 25, 2027, 1,380 RSUs that will vest on February 25, 2028 and 690 RSUs that will vest on February 25, 2029, in each case subject to the reporting person's continued service.
- [F4]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.
- [F5]Represents PSUs that will vest subject to the reporting person's (i) continued service and (ii) achievement of applicable performance goals. 6,438 of the PSUs will be eligible to vest based on performance as of February 25, 2028 and 9,658 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.