Schwartzstein Christine Benson 4

What Happened

• Christine Benson Schwartzstein, a director of Talen Energy Corporation (TLN), reported the conversion/exercise of 4,133 derivative awards on May 22, 2026. The filing shows 4,133 shares acquired via conversion and a simultaneous disposition of 4,133 shares at $0.00. The underlying awards were Restricted Stock Units (RSUs) granted June 16, 2023; the final installment vested on May 17, 2026.

Key Details

• Transaction date: May 22, 2026; Form 4 filed May 27, 2026 (appears later than the usual 2-business-day filing requirement).
• Transaction type: Derivative conversion/exercise (reporting code M); acquisition recorded as N/A value and disposition recorded at $0.00 for 4,133 shares.
• Shares owned after transaction: Not specified in the filing.
• Footnote: RSUs were issued under the Talen Energy 2023 Equity Incentive Plan; final RSU installment vested May 17, 2026 (see F1).
• Remarks: Exhibit 24.1 (Power of Attorney) included.

Context

• The filing reflects conversion/settlement of vested RSUs rather than an open-market purchase or sale. The simultaneous $0.00 disposition often indicates an administrative settlement step (for example, share withholding or net settlement for taxes), not an open-market sale for cash. This is typically a routine corporate compensation event and does not necessarily signal a change in the insider’s market view.