Lebsack Dale E Jr. 4

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.