McFarland Mark Allen 4
4 · Talen Energy Corp · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Talen Energy (TLN) CEO Mark McFarland Receives Award
What Happened
- Mark McFarland, CEO of Talen Energy Corporation (TLN), received equity awards on 2026-02-26 consisting of 12,519 restricted stock units (RSUs) and 58,420 performance-based restricted stock units (PSUs). The awards are reported as derivative grants (price $0.00) and were filed on Form 4.
- The RSUs convert to one share of common stock (or cash) upon settlement and vest solely based on continued service. The PSUs are performance-contingent and will convert to shares (or cash) only if performance goals are met; the PSU totals reported represent the maximum (200% of target) payout level.
Key Details
- Transaction date: February 26, 2026; Filing date: March 2, 2026. Transaction code: A (award/grant).
- Awards reported: 12,519 RSUs (service-vesting) and 58,420 PSUs (performance-vesting; numbers shown are maximum/200% payout).
- RSU vesting schedule (service-based): 5,007 RSUs vest 2/25/2027; 5,008 RSUs vest 2/25/2028; 2,504 RSUs vest 2/25/2029 (per footnote).
- PSU vesting (performance & service): 23,368 PSUs tied to performance as of 2/25/2028 and 35,052 PSUs tied to performance as of 2/25/2029; actual vesting can range 0%–200% of target, plus a possible additional award tied to market-cap outperformance (see footnote).
- Shares owned: The filing notes at least 117 shares purchased under the 2025 ESPP (footnote); the RSUs/PSUs are unvested contingent awards, not immediate common-stock ownership.
- Price/value: Awards reported at $0.00 (typical for equity grants); no immediate cash exchanged.
- Footnotes: F1–F5 explain ESPP purchase, RSU/PSU plan terms, vesting schedule, performance measurement, and maximum payout mechanics.
Context
- RSUs are service-based deferred equity; PSUs depend on both continued service and meeting performance goals. These awards do not represent an immediate buy or sale and are contingent on future vesting and possible settlement in stock or cash.
- For retail investors, awards signal company compensation decisions but are not direct purchases/sales that reveal immediate insider sentiment.
Insider Transaction Report
Form 4
McFarland Mark Allen
DirectorChief Executive Officer
Transactions
- Award
2026 Restricted Stock Units
[F2][F3]2026-02-26+12,519→ 12,519 total→ Common Stock (12,519 underlying) - Award
2026 Performance-Based Restricted Stock Units
[F4][F5]2026-02-26+58,420→ 58,420 total→ Common Stock (58,420 underlying)
Holdings
- 45,228
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 5,007 RSUs that will vest on February 25, 2027, 5,008 RSUs that will vest on February 25, 2028 and 2,504 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. 23,368 of the PSUs will be eligible to vest based on performance as of February 25, 2028 and 35,052 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