Nigro Joseph 4

What Happened

• Joseph Nigro, a director of Talen Energy Corp (TLN), had restricted stock units (RSUs) vest. A total of 5,663 RSUs vested (4,133 were converted into shares and 1,530 were cash-settled). The 1,530 cash-settled RSUs were disposed to the issuer for approximately $324.21 each, totaling $496,041. The conversion of RSUs to shares is recorded as an exercise/conversion of a derivative.

Key Details

• Transaction date: vesting/settlement dated May 17, 2026 (reporting period shows May 22, 2026); Form 4 filed May 27, 2026 (appears filed late).
• Share movements reported: 4,133 RSUs converted to shares (acquired); 1,530 RSUs cash-settled/disposed at $324.21 each (total ~$496,041).
• Footnotes: RSUs were granted under the 2023 Equity Incentive Plan (granted June 16, 2023) and the final installment vested on May 17, 2026. The 1,530 units were cash-settled approximately to cover tax withholding.
• Shares owned after the transaction: not specified in the information provided.
• Exhibit: Power of Attorney (Exhibit 24.1) included in filing.

Context

• This was a standard equity award vesting event (not an open-market buy or voluntary sale). The cash settlement of 1,530 units is a common tax-withholding action when RSUs vest. The filing timing suggests it was submitted after the usual two-business-day window for Form 4s.