Wright Andrew M 4
4 · Talen Energy Corp · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Talen Energy (TLN) Chief Admin Officer Andrew Wright Receives Equity Awards
What Happened
Andrew M. Wright, Chief Administrative Officer of Talen Energy Corporation (TLN), was granted equity awards on February 26, 2026: 3,450 restricted stock units (RSUs) and 16,096 performance-based restricted stock units (PSUs). The awards were reported as derivative acquisitions with a $0.00 acquisition price (typical for compensatory equity grants). These awards total 19,546 contingent units that may convert to common shares or cash at settlement per the plan terms.
Key Details
- Transaction date: February 26, 2026; Form 4 filed March 2, 2026 (filed within the required 2 business days).
- Price: $0.00 (award/grant; no cash paid by the insider).
- Awards: 3,450 RSUs; 16,096 PSUs (19,546 units total).
- RSU vesting (per filing): 1,380 RSUs vest Feb 25, 2027; 1,380 RSUs vest Feb 25, 2028; 690 RSUs vest Feb 25, 2029 — each subject to continued service.
- PSU vesting (per filing): PSUs vest based on continued service and performance goals — 6,438 PSUs tied to performance as of Feb 25, 2028 and 9,658 PSUs tied to performance as of Feb 25, 2029. The filing reports the maximum (200%) payout levels; actual vesting can range from 0%–200% (plus a possible additional award tied to 3% of market cap above the maximum).
- Shares owned after transaction: not specified in the provided filing excerpt. Note footnote: filing also references 117 shares purchased under the 2025 ESPP (F1).
Context
RSUs and PSUs are compensatory, contingent rights to receive common stock or cash at settlement; they are not open-market purchases or sales. RSUs vest by service dates listed above; PSUs require both continued service and achievement of performance targets before any shares are delivered. Such awards are routine for executive compensation and should be viewed as compensation rather than a direct market bet by the insider.
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)
- 12,261
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.