ABBAS GIZMAN I 4

4 · Talen Energy Corp · Filed May 27, 2026

AI-generated summary of this filing

Updated May 27, 2026

Talen Energy (TLN) Director Abbas Gizman Receives RSUs, Sells 1,530 Shares

What Happened

Director Abbas Gizman had a tranche of 4,133 Restricted Stock Units (RSUs) vest. As reported, 1,530 of those RSUs were cash-settled to cover taxes for approximately $496,041 (at $324.21 per share), and the remainder were converted into common shares for the insider. The transactions were reported on a Form 4 filed May 27, 2026 for activity dated May 22, 2026.

Key Details

Transaction date(s): RSU vesting dated May 17, 2026 (final installment); Form 4 reports transactions on May 22, 2026; filing date May 27, 2026.
Breakdown: 4,133 RSUs vested; 1,530 RSUs were cash-settled at $324.21 each for $496,041; roughly 2,603 shares were issued to the insider after the cash settlement.
Prices/values: Cash-settled portion valued at $324.21 per share (total ≈ $496,041). The RSU conversion had no exercise price (reported $0.00) — these were equity awards converting to shares.
Shares owned after transaction: The filing does not state total post-transaction holdings; net result was receipt of about 2,603 shares.
Footnotes: F1 — RSUs issued under the 2023 Equity Incentive Plan; final installment vested on May 17, 2026. F2 — 1,530 RSUs were cash-settled to cover taxes.
Timeliness: Transaction dated May 22, 2026; Form 4 filed May 27, 2026 — this is later than the usual two-business-day Form 4 deadline and therefore appears to be filed late.

Context

These were RSU vesting and settlement actions, not open-market purchases or sales. The cash-settlement of 1,530 RSUs is a routine tax-withholding mechanism rather than a market sale; the insider retained the remaining shares issued on vesting.
For retail investors: awards/vests increase insider exposure but are driven by prior compensation grants and vesting schedules; cash-settlements for taxes are common and do not necessarily signal a change in insider sentiment.

Form 4

Period: 2026-05-22

Director

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-05-22+4,133→ 6,736 total
Disposition to Issuer
Common Stock
[F2]
2026-05-22$324.21/sh−1,530$496,041→ 5,206 total
Exercise/Conversion
2023 Restricted Stock Units
[F1]
2026-05-22−4,133→ 0 total
→ Common Stock (4,133 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 ("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 pursuant to the terms of the Plan. The reporting person's RSUs were granted on June 16, 2023 and the final installment of the reporting person's RSUs vested on May 17, 2026, the third anniversary of the vesting commencement date.
[F2]Represents a portion of the RSUs that vested on May 17, 2026 (1,530 of which were cash settled in an amount approximately equivalent to taxes associated with such vesting).

Signature

/s/ Daniel J. Kelly, attorney-in-fact|2026-05-27

4 files