Terry L. Nutt - 10 Jul 2024 Form 4 Insider Report for Talen Energy Corp (TLN)

Role: CFO
Signature: /s/ John C. Wander, attorney-in-fact
Issuer symbol: TLN
Transactions as of: 10 Jul 2024
Transactions value $: $0
Form type: 4
Filing time: 12 Jul 2024, 16:02:14 UTC
Previous filing: 09 Jul 2024
Next filing: 04 Mar 2025
SEC: View on sec.gov

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
transaction	TLN	Restricted Stock Units	Options Exercise	$0	-20,779	-33.33%	$0	41,559	10 Jul 2024	Common Stock	20,779		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Under the terms of the Talen Energy Corporation 2023 Equity Incentive Plan (the "Plan"), each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the common stock, par value $0.001, 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 "Compensation Committee"). On July 10, 2024, one-third of this RSU award vested and was settled in cash, as directed by the Compensation Committee pursuant to the terms of the Plan. The balance of this RSU award is scheduled to vest in equal increments on July 10, 2025 and July 10, 2026.

Content

Under the terms of the Talen Energy Corporation 2023 Equity Incentive Plan (the "Plan"), each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the common stock, par value $0.001, 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 "Compensation Committee"). On July 10, 2024, one-third of this RSU award vested and was settled in cash, as directed by the Compensation Committee pursuant to the terms of the Plan. The balance of this RSU award is scheduled to vest in equal increments on July 10, 2025 and July 10, 2026.