Morice Christopher E 4
4 · Talen Energy Corp · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Talen Energy (TLN) CCO Christopher Morice Receives RSU/PSU Award
What Happened
- Christopher E. Morice, Chief Commercial Officer of Talen Energy (TLN), received equity awards on Feb 26, 2026: 3,450 restricted stock units (RSUs) and 16,096 performance-based restricted stock units (PSUs). Each award was reported at $0.00 (derivative awards contingent on service/performance) and will settle in shares of TLN common stock or cash as determined at settlement.
Key Details
- Transaction date: February 26, 2026; Form 4 filed March 2, 2026 (no late-filing flag noted in the provided info).
- Award amounts and reported price: 3,450 RSUs @ $0.00; 16,096 PSUs @ $0.00 (total 19,546 units).
- RSU vesting schedule (subject to continued service): 1,380 vest 2/25/2027; 1,380 vest 2/25/2028; 690 vest 2/25/2029. (Footnote F2)
- PSU vesting (subject to service + performance): awards are eligible to vest based on performance as of 2/25/2028 (6,438 units) and 2/25/2029 (9,658 units). The numbers reported represent the maximum (200%) payout for each award; actual vesting can range from 0%–200% of target, plus a possible additional allocation tied to 3% of market cap above the maximum performance level among participating executives. (Footnote F4)
- Settlement: Each RSU/PSU represents a contingent right to receive one share of common stock or cash at settlement, as determined by the Compensation Committee. (Footnotes F1, F3)
- Shares owned after transaction: not specified in the information provided.
Context
- These are grant awards (code A) — not open-market purchases or sales. Awards like RSUs/PSUs are commonly used for retention and performance alignment; they are contingent and may never settle if service or performance conditions are not met.
- PSUs are performance-contingent and can pay out at 0%–200% of target (the filing shows maximum levels), so the eventual dilution or benefit depends on future company performance and committee determination.
Insider Transaction Report
Form 4
Morice Christopher E
Chief Commercial Officer
Transactions
- Award
2026 Restricted Stock Units
[F1][F2]2026-02-26+3,450→ 3,450 total→ Common Stock (3,450 underlying) - Award
2026 Performance-Based Restricted Stock Units
[F3][F4]2026-02-26+16,096→ 16,096 total→ Common Stock (16,096 underlying)
Footnotes (4)
- [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 ("common stock"), 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 (the "Committee") pursuant to the terms of the Plan.
- [F2]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.
- [F3]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.
- [F4]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.
Signature
/s/ John C. Wander, attorney-in-fact|2026-03-02