SCHAEFER STEPHEN 4
4 · Talen Energy Corp · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Talen Energy (TLN) Director Stephen Schaefer Receives RSU Award
What Happened
Stephen Schaefer, a director of Talen Energy Corporation (TLN), received a grant of 1,118 restricted stock units (RSUs) on 2026-02-26. The RSUs were reported as a derivative award (code A) with an acquisition price of $0.00; they represent a contingent right to one share each (or a cash equivalent) upon settlement.
Key Details
- Transaction date: 2026-02-26; Form 4 filed 2026-03-02 (timely under the two-business-day rule).
- Transaction type/code: Grant/Award (A) of RSUs (derivative securities).
- Amount: 1,118 RSUs granted at $0.00 (no immediate cash paid).
- Vesting: These RSUs vest on February 25, 2027, subject to Schaefer’s continued service (see footnote).
- Shares owned after transaction: Not specified in this filing.
- Footnotes: RSUs issued under the Talen Energy Corporation 2023 Equity Incentive Plan; each RSU is a contingent right to one common share or cash equivalent as determined at settlement.
Context
RSU grants are a common form of executive/director compensation and do not represent an immediate purchase or sale of shares. They become actual shares (or cash) only if/when they vest and are settled per the plan terms; therefore this filing is informational about future potential ownership rather than an immediate market transaction.
Insider Transaction Report
- Award
2026 Restricted Stock Units
[F1][F2]2026-02-26+1,118→ 1,118 total→ Common Stock (1,118 underlying)
Footnotes (2)
- [F1]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, par value $0.001, of Talen Energy Corporation (the "Company") or its cash equivalent, as determined at the time of settlement by the Compensation Committee of the Company's Board of Directors pursuant to the terms of the Plan.
- [F2]Represents RSUs that, subject to the reporting person's continued service, will vest on February 25, 2027.