Terry L. Nutt - 18 Jul 2025 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: 18 Jul 2025
Transactions value $: -$2,188,329
Form type: 4
Filing time: 21 Jul 2025, 16:02:45 UTC
Previous filing: 04 Mar 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Nutt Terry L	CFO	2929 ALLEN PKWY, SUITE 2200, HOUSTON	/s/ John C. Wander, attorney-in-fact	21 Jul 2025	0001707031

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TLN	Common Stock	Options Exercise		+20.8K			20.8K	18 Jul 2025	Direct	F1
transaction	TLN	Common Stock	Tax liability	-$2.19M	-8.18K	-39.35%	$267.62	12.6K	18 Jul 2025	Direct	F2

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	2023 Restricted Stock Units	Options Exercise	$0	-20.8K	-50%	$0.00	20.8K	18 Jul 2025	Common Stock	20.8K		Direct	F1, F3

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

Explanation of Responses:

Id	Content
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.
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.
F3	Represents 20,779 RSUs that vested on July 10, 2025 and 20,780 RSUs that, subject to the reporting person's continued service, will vest on July 10, 2026.