Olagues Darren J 4

4 · Talen Energy Corp · Filed May 27, 2026

AI-generated summary of this filing

Updated May 27, 2026

Talen Energy (TLN) CDO Darren Olagues Exercises RSUs, Sells Shares

What Happened

Darren J. Olagues, Chief Development Officer of Talen Energy (TLN), had Restricted Stock Units (RSUs) cliff-vest and converted them into common shares on May 22, 2026. The Form 4 shows RSU conversions/exercises and a related surrender of shares to satisfy tax withholding.
Reported transactions: conversion/exercise events for 18,487 RSU-derived shares (reported as a derivative conversion/disposition) and 7,395 shares acquired; separately, 2,911 shares were remitted to the company at $324.21/share to cover tax withholding, totaling $943,775.
This was not an open-market purchase — it was settlement of equity awards (an award/derivative exercise) with shares surrendered for taxes. Award settlements and tax withholding are typically routine compensation events rather than directional bets on the stock.

Key Details

Transaction date: May 22, 2026; Form 4 filed May 27, 2026 (filed after the usual 2-business-day window).
Reported share movements: 18,487 (derivative exercise/conversion, disposition), 7,395 acquired (exercise/conversion), and 2,911 surrendered for tax withholding at $324.21/share (total $943,775).
Footnotes: RSUs were granted Oct 2, 2024 and cliff vested May 17, 2026; under the plan 60% of the after-tax value was settled in cash. The 2,911-share remittance was an exempt disposition to the company under Rule 16b-3(e) to satisfy tax withholding.
Shares owned after the transaction: not specified in the filing.
Timeliness: Filing appears late (report period 5/22; filed 5/27). Late Form 4s are required to be explained and may trigger SEC interest but do not change the economic nature of the transaction.

Context

These entries reflect RSU vesting and settlement mechanics (conversion of RSUs into shares/cash and withholding to cover taxes), not an open-market sale or purchase decision. For retail investors, award settlements are routine compensation events and do not necessarily indicate insider sentiment about the company’s stock price.

Form 4

Period: 2026-05-22

Chief Development Officer

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-05-22+7,395→ 7,512 total
Tax Payment
Common Stock
[F2]
2026-05-22$324.21/sh−2,911$943,775→ 4,601 total
Exercise/Conversion
2023 Restricted Stock Units
[F1]
2026-05-22−18,487→ 0 total
→ Common Stock (18,487 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 October 2, 2024 and the reporting person's RSUs cliff vested on May 17, 2026, with 60% of the after-tax value of such RSUs settled in cash.
[F2]In an exempt disposition to the Company under Rule 16b-3(e), the reporting person remitted shares to the Company in connection with the satisfaction of tax withholding obligations arising out of the vesting of the RSUs.

Signature

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

4 files