Talen Energy realigns exec team; Nutt President, Muller CFO; anti-dilutive cash settlement of equity awards

Talen Energy Corp

Terry Nutt appointed President, Cole Muller appointed CFO; Mac McFarland continues as CEO; John Wander to retire June 2026.
Up to 60% of Emergence Awards to be cash-settled in May 2026, cutting share issuance from ~2.57M to ~680k at $400 stock price.
Executives agree to lock-up any shares from Emergence Awards through November 13, 2026.
New employment agreements extend term through February 2027 with automatic annual renewals.
Brad Berryman named COO, Ed Casulli Chief Nuclear Officer, Dale Lebsack Chief Asset Development Officer.

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