Sign in

Mark A. McFarland

Chief Executive Officer (CEO) and Director at Talen Energy
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

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