Morice Christopher E 4

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.