Berryman Brad 4
4 · Talen Energy Corp · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Talen Energy (TLN) COO Brad Berryman Receives RSU & PSU Awards
What Happened
- Brad Berryman, Chief Operating Officer of Talen Energy Corporation (TLN), received two equity awards on February 26, 2026: 3,450 restricted stock units (RSUs) and 16,096 performance-based restricted stock units (PSUs). Each award was granted at $0.00 per share (these are derivative awards representing contingent rights to receive shares or cash at settlement). No cash was paid by the insider.
- The 3,450 RSUs vest over three annual dates (1,380 RSUs on Feb 25, 2027; 1,380 RSUs on Feb 25, 2028; 690 RSUs on Feb 25, 2029), subject to continued service. The 16,096 PSUs represent the maximum payout scenario (200% of target) and vest only if service and performance conditions are met (6,438 tied to performance as of Feb 25, 2028; 9,658 tied to performance as of Feb 25, 2029). PSUs can vest from 0% to 200% of target, with an extra upside provision tied to a proportionate share (3%) of market capitalization above the maximum performance level.
Key Details
- Transaction date: February 26, 2026. Report filed March 2, 2026.
- Price: $0.00 per unit (derivative award, no cash purchase).
- Shares reported: 3,450 RSUs and 16,096 PSUs (the PSU amount reflects the maximum/200% payout level).
- Shares owned after transaction: Not specified in the filing excerpt provided.
- Notable footnotes: Awards issued under the Talen Energy Corporation 2023 Equity Incentive Plan; RSUs vest by service schedule; PSUs vest based on service + performance with possible extra market-cap-based upside.
- Filing timeliness: Filing lists the transaction date and was submitted on March 2, 2026; the filing did not indicate a late-report flag in the provided data.
Context
- These are compensation awards, not open-market purchases or sales. RSUs and PSUs give the insider a contingent right to receive shares (or cash equivalent) in the future and do not involve immediate share transfers or proceeds.
- PSUs are performance-contingent; actual shares delivered may be 0%–200% of target depending on achievement of goals and continued service. Such awards are routine for executive compensation and should be viewed as part of pay rather than a straightforward bullish signal.
Insider Transaction Report
Form 4
Berryman Brad
Chief Operating Officer
Transactions
- Award
2026 Restricted Stock Units
[F1][F2]2026-02-26+3,450→ 3,450 total→ Common Stock (3,450 underlying) - Award
2026 Performance-Based Restricted Stock Units
[F3][F4]2026-02-26+16,096→ 16,096 total→ Common Stock (16,096 underlying)
Footnotes (4)
- [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.
- [F2]Represents 1,380 RSUs that will vest on February 25, 2027, 1,380 RSUs that will vest on February 25, 2028 and 690 RSUs that will vest on February 25, 2029, in each case subject to the reporting person's continued service.
- [F3]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.
- [F4]Represents PSUs that will vest subject to the reporting person's (i) continued service and (ii) achievement of applicable performance goals. 6,438 of the PSUs will be eligible to vest based on performance as of February 25, 2028 and 9,658 of the PSUs will be eligible to vest based on performance as of February 25, 2029. The number of PSUs that vest can range from 0% to 200% of the target number of PSUs subject to the award, plus, if the maximum performance level is exceeded, an additional number of PSUs in an amount equal to the reporting person's proportionate share among the participating executive officers of 3% of the Company's market capitalization above the maximum performance level. The numbers of PSUs and shares of common stock in this row represent the maximum level of performance (or 200%) for each award.
Signature
/s/ John C. Wander, attorney-in-fact|2026-03-02