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    Mark A. McFarland

    Chief Executive Officer (CEO) and Director at Talen Energy Corp
    Board
    Since May 2023
    Age
    54 years
    Education
    Holds an M.B.A. from the University of Delaware and a B.S. in Civil Engineering (Environmental Concentration) from Virginia Polytechnic Institute and State University.
    Tenure
    Has served as the Chief Executive Officer (CEO) and Director of TLN since May 2023.
    Other Roles
    • Board Member, California Resources Corporation (CRC) <br> - Chairman, Carbon TerraVault <br> - Board Member, Nuclear Energy Institute

    Also at Talen Energy Corp

    TLN
    Terry L. Nutt
    Chief Financial Officer (CFO)

    About

    Mark "Mac" McFarland boasts a distinguished career in the energy sector, marked by leadership roles at several prominent companies. Prior to his appointment at TLN, he served as President and CEO at California Resources Corporation, where he also held a board seat and chaired a key subsidiary.

    He has an extensive background with senior roles including Executive Chairman and President at GenOn Energy, as well as CEO and other executive positions at Luminant and Exelon Corporation. His broad experience in corporate development, strategy, and operations has equipped him with the insights necessary to drive TLN's long-term strategy and performance.

    Beyond his executive roles, he has served on the board of directors for influential energy industry organizations, further demonstrating his commitment to shaping the sector. His proven track record in both leadership and technical disciplines underscores his capability to lead TLN into its next phase of growth.

    $TLN Performance Under Mark A. McFarland

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$465,000 Substantially equal installments, no less than twice per month Annualized base salary

    Performance Compensation

    Data from  FY 2023

    Annual Bonus

    MetricDetails
    Target100% of Base Salary ($465,000)
    Performance MetricsDetermined annually by the Compensation Committee
    Communication PeriodWithin the first 120 days of the Bonus Year
    Additional DetailsNo further details on thresholds, targets, conditions, or vesting schedules

    Long-Term Incentive Awards (Emergence Grant)

    MetricDetails
    Total Award Value$4,185,000
    ComponentsIncludes RSUs and PSUs
    RSU Vesting ScheduleVest in one-third increments on each of the first three anniversaries
    PSU Vesting ScheduleVest on the third anniversary, subject to continuous employment and achievement of performance metrics
    Grant DateNo later than 60 days after May 17, 2023
    Valuation Method (PSUs)Monte Carlo valuation (volatility: 25%, expected term: 3 years, risk-free rate: 4.35%-4.59%)
    Grant Date Stock Price (RSUs)Derived from the closing price of Talen Energy Corporation's common stock on the grant date
    Performance Metrics DetailsSpecific performance thresholds, targets, and conditions were not disclosed