Talen Energy (TLN) GC reports 2026 RSU and PSU holdings
Rhea-AI Filing Summary
Talen Energy Corp General Counsel and Corporate Secretary Daniel Jude Kelly filed an initial ownership report showing equity awards tied to the company’s stock. The filing lists 2,520 time-based restricted stock units that convert into common shares in three equal installments on February 25, 2027, February 25, 2028, and February 25, 2029, subject to continued service.
It also shows 5,880 performance-based restricted stock units that are eligible to vest on February 25, 2029 based on meeting performance goals and continued service. The number of these units that ultimately vest can range from 0% to 200% of the target, with potential additional units tied to a 3% share of increases in the company’s market capitalization above a maximum performance level.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kelly Daniel Jude
Role
Gen. Counsel & Corp. Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | 2026 Restricted Stock Units | -- | -- | -- |
| holding | 2026 Performance-Based Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
2026 Restricted Stock Units — 2,520 shares (Direct);
2026 Performance-Based Restricted Stock Units — 5,880 shares (Direct)
Footnotes (4)
- F1. Represents 840 Restricted Stock Units ("RSUs") that will vest on February 25, 2027, 840 RSUs that will vest on February 25, 2028, and 840 RSUs that will vest on February 25, 2029, in each case subject to the reporting person's continued service.
- F2. Each 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.
- F3. Represents Performance-Based Restricted Stock Units ("PSUs") that will vest subject to the reporting person's (i) continued service and (ii) achievement of applicable performance goals on 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 number of PSUs and shares of common stock in this row represent the maximum level of performance (or 200%).
- F4. Each 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.
Key Figures
Performance-based RSUs underlying shares: 5,880 shares
Time-based RSUs total: 2,520 units
Time-based RSU tranche size: 840 units
+3 more
6 metrics
Performance-based RSUs underlying shares
5,880 shares
Eligible to vest on February 25, 2029 based on performance
Time-based RSUs total
2,520 units
Restricted stock units vesting in three equal tranches
Time-based RSU tranche size
840 units
Vest on February 25, 2027, 2028 and 2029, subject to service
PSU payout range
0%–200% of target
Range of performance-based RSUs that can vest at February 25, 2029
Additional PSU pool
3% of market capitalization above maximum
Additional PSUs allocated among participating executive officers
Exercise price of RSUs/PSUs
$0.0000 per unit
Conversion or exercise price for underlying common stock
Key Terms
Restricted Stock Units, Performance-Based Restricted Stock Units, 2023 Equity Incentive Plan, market capitalization, +1 more
5 terms
Restricted Stock Units financial
"Represents 840 Restricted Stock Units ("RSUs") that will vest on February 25, 2027"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Performance-Based Restricted Stock Units financial
"Represents Performance-Based Restricted Stock Units ("PSUs") that will vest subject to the reporting person's continued service"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
2023 Equity Incentive Plan financial
"Each RSU was issued under the Talen Energy Corporation 2023 Equity Incentive Plan (the "Plan")"
market capitalization financial
"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"
Market capitalization is the total market value of a company’s outstanding shares, calculated by multiplying the current share price by the number of shares issued. It gives a quick snapshot of a company’s size and how investors value it, influencing perceived risk, index membership, and roughly how much it might cost to buy the whole company — like using a sticker price to compare the relative size and price of different houses.
contingent right financial
"represents a contingent right to receive one share of common stock, par value $0.001"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the Talen Energy (TLN) Form 3 filing for Daniel Jude Kelly show?
The Form 3 shows Daniel Jude Kelly’s initial equity holdings as an officer, including time-based restricted stock units and performance-based restricted stock units that may convert into Talen common stock if service and performance conditions are met.
How many performance-based restricted stock units does TLN’s general counsel hold?
The general counsel holds 5,880 performance-based restricted stock units tied to Talen common stock. These are scheduled to vest on February 25, 2029, subject to continued service and achievement of specified performance goals under the company’s 2023 Equity Incentive Plan.
What are the vesting terms for Daniel Kelly’s time-based RSUs at Talen Energy (TLN)?
Kelly has 2,520 time-based restricted stock units that vest in three equal tranches of 840 units each. Vesting occurs on February 25, 2027, February 25, 2028, and February 25, 2029, assuming he continues serving the company through each vesting date.
How is performance measured for Talen Energy’s 2026 performance-based RSUs?
The performance-based RSUs vest based on continued service and performance goals assessed on February 25, 2029. The number of units vesting can range from 0% to 200% of target, with potential extra units linked to a 3% pool of market capitalization above a maximum level.
Under which plan were Daniel Kelly’s TLN RSU and PSU awards granted?
Both the restricted stock units and performance-based restricted stock units were granted under the Talen Energy Corporation 2023 Equity Incentive Plan. Each unit represents a contingent right to receive one share of common stock or its cash equivalent at settlement, as determined by the Compensation Committee.