Berryman Brad 4
4 · Talen Energy Corp · Filed May 27, 2026
Research Summary
AI-generated summary of this filing
Talen Energy (TLN) COO Brad Berryman Converts RSUs/PSUs; $14M Tax Withholding
What Happened
- Brad Berryman, Chief Operating Officer of Talen Energy Corporation (TLN), had restricted stock units (RSUs) and performance stock units (PSUs) vest and convert into shares on May 22, 2026. The filing shows conversions/acquisitions of 8,312 and 90,826 shares and conversions/dispositions of 20,780 and 227,064 shares (reported at $0.00 as part of derivative settlement).
- To satisfy tax withholding obligations, Berryman remitted 43,047 shares to the company at $324.21 per share, a cash value of $13,956,268 (reported as a disposition under code F). Footnotes show these awards were granted June 16, 2023 and vested on May 17, 2026; 60% of the after-tax value of the RSUs/PSUs was settled in cash.
Key Details
- Transaction date: May 22, 2026; filing date: May 27, 2026 (Reporting Period: 2026-05-22).
- Reported share movements: acquisitions/conversions of 8,312 and 90,826 shares; conversions/dispositions of 20,780 and 227,064 shares (reported at $0.00); 43,047 shares transferred to company for tax withholding at $324.21 each (total ≈ $13.96M).
- Footnotes: F1/F2 — RSUs and PSUs issued under the 2023 Equity Incentive Plan; PSUs vested at 200% plus incentive shares per award terms; F3 — shares remitted to company in exempt disposition under Rule 16b-3(e) to satisfy tax withholding.
- Shares owned following the transactions are not specified in the summary data provided.
Context
- These transactions reflect the settlement of equity awards (RSUs/PSUs), not open-market purchases or discretionary sales. The surrender of shares to cover taxes is a common, routine outcome when awards vest; the filing reports both share conversions and the tax-withholding disposition.
- For retail investors: conversion/vesting events and tax withholdings are administrative and do not necessarily indicate an insider buying or selling stock for investment reasons.
Insider Transaction Report
Form 4
Berryman Brad
Chief Operating Officer
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-05-22+8,312→ 19,950 total - Exercise/Conversion
Common Stock
[F2]2026-05-22+90,826→ 110,776 total - Tax Payment
Common Stock
[F3]2026-05-22$324.21/sh−43,047$13,956,268→ 67,729 total - Exercise/Conversion
2023 Restricted Stock Units
[F1]2026-05-22−20,780→ 0 total→ Common Stock (20,780 underlying) - Exercise/Conversion
2023 Performance-Based Restricted Stock Units
[F2]2026-05-22−227,064→ 0 total→ Common Stock (227,064 underlying)
Footnotes (3)
- [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 (the "Committee") 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, with 60% of the after-tax value of such RSUs settled in cash.
- [F2]Each performance-based restricted stock unit ("PSU") was issued under the Plan and represents a contingent right to receive one share of common stock or its cash equivalent, as determined at the time of settlement by the Committee pursuant to the terms of the Plan. The number of PSUs that vest can range from 0% to 200% of the target number of PSUs subject to the award, plus an additional incentive based on the Company's market capitalization at vesting, as more fully set forth in the applicable award agreement. The number of shares in this row represents the actual level of performance (200%) plus the additional incentive shares described above. The reporting person's PSUs were granted on June 16, 2023 and they vested on May 17, 2026, the third anniversary of the vesting commencement date, with 60% of the after-tax value of such PSUs settled in cash.
- [F3]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 and PSUs.
Signature
/s/ Daniel J. Kelly, attorney-in-fact|2026-05-27