Mark Allen McFarland - Jul 9, 2024 Form 3 Insider Report for Talen Energy Corp (TLN)

Role
President & CEO, Director
Signature
/s/ John C. Wander, attorney-in-fact
Stock symbol
TLN
Transactions as of
Jul 9, 2024
Transactions value $
$0
Form type
3
Date filed
7/9/2024, 04:29 PM
Previous filing
May 30, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding TLN Restricted Stock Units Jul 9, 2024 Common Stock 149K Direct F1, F2
holding TLN Performance-Based Restricted Stock Units Jul 9, 2024 Common Stock 669K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units ("RSUs") that, subject to the Reporting Person's continued employment, will vest in two equal annual installments on May 17, 2025 and May 17, 2026.
F2 Each RSU represents a contingent right to receive one share of the 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 Company.
F3 The performance-based restricted stock units ("PSUs") will vest or lapse on May 17, 2026. Vesting is subject to the achievement of performance goals by the reporting person and the reporting person's continued employment. The number of PSUs that vest can range from 0% to 200% of the target number of PSUs subject to the award. The number of shares in this row represents the maximum level of performance (or 200%).
F4 Each PSU represents a contingent right to receive one share of common stock or its cash equivalent, as determined at the time of settlement by the Company.

Remarks:

Exhibit 24.1 - Power of Attorney