Utilities
Talen Energy Executive Compensation (FY25)
TLN · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): May 7, 2026
182 figures on this page: 179 cited to the filing that reported them, 3 calculated from figures it prints. See the citations
Mark McFarland, Chief Executive Officer (former President), received $18,739,647 in total compensation for fiscal 2025, and McFarland's total moved 199.4% higher from the $6,258,127 reported for fiscal 2024. The company reported a chief executive pay ratio of 111.7:1 for fiscal 2025, against median employee compensation of $167,743. The say-on-pay proposal drew 96.7% support at the meeting held May 5, 2026 for fiscal 2025. The disclosed peer group includes ALLETE, Inc., Alliant Energy Corporation, Avista Corporation, Black Hills Corporation and CMS Energy Corporation, among others.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Mark McFarland: $6,258,127 → $18,739,647 (199.4% higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Talen Energy's chief executive and what were they paid?
Mark McFarland, Chief Executive Officer (former President), received $18,739,647 in total compensation for fiscal 2025. McFarland's total moved 199.4% higher from the $6,258,127 reported for fiscal 2024.
What was Talen Energy's say-on-pay result?
The say-on-pay proposal drew 96.7% support at the meeting held May 5, 2026 for fiscal 2025.
Which companies are in Talen Energy's peer group?
The disclosed peer group includes ALLETE, Inc., Alliant Energy Corporation, Avista Corporation, Black Hills Corporation and CMS Energy Corporation, among others.
What is Talen Energy's chief executive pay ratio?
The company reported a chief executive pay ratio of 111.7:1 for fiscal 2025, against median employee compensation of $167,743.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Mark McFarland Chief Executive Officer (former President) | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Terry Nutt President (former Chief Financial Officer) | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Brad Berryman Chief Operating Officer (former Senior Vice President and Chief Nuclear Officer) | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
John Wander General Counsel and Corporate Secretary | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Mark McFarland Chief Executive Officer (former President) | ◇ | ◇ | — | — | ◇ | — | ◇ | ◇ |
John Wander General Counsel and Corporate Secretary | ◇ | ◇ | — | — | ◇ | — | ◇ | ◇ |
Brad Berryman Chief Operating Officer (former Senior Vice President and Chief Nuclear Officer) | ◇ | — | — | — | ◇ | — | ◇ | ◇ |
Terry Nutt President (former Chief Financial Officer) | ◇ | — | — | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Mark McFarland Chief Executive Officer (former President) Departed during or after this year | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Terry Nutt President (former Chief Financial Officer) Departed during or after this year | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Brad Berryman Chief Operating Officer (former Senior Vice President and Chief Nuclear Officer) Departed during or after this year | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Andrew Wright Chief Administrative Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
John Wander General Counsel and Corporate Secretary | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Andrew Wright | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Andrew Wright | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Brad Berryman | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Brad Berryman | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| John Wander | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| John Wander | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Mark McFarland | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Mark McFarland | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Terry Nutt | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Terry Nutt | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
Fiscal 2023 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| John Wander | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Andrew Wright | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Mark McFarland | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Terry Nutt | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Brad Berryman | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Stephen Schaefer Board chair | ◇ | ◇ | — | — | — | — | ◇ |
Gizman Abbas | ◇ | ◇ | — | — | — | — | ◇ |
Anthony Horton | ◇ | ◇ | — | — | — | — | ◇ |
Karen Hyde | ◇ | ◇ | — | — | — | — | ◇ |
Joseph Nigro | ◇ | ◇ | — | — | — | — | ◇ |
Christine Benson Schwartzstein | ◇ | ◇ | — | — | — | — | ◇ |
Mark Mac McFarland served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Board chair premium | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance member | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- ALLETE, Inc. ALE
- Alliant Energy Corporation LNT
- Avista Corporation AVA
- Black Hills Corporation BKH
- CMS Energy Corporation CMS
- Constellation Energy Corporation CEG
- Evergy, Inc. EVRG
- IDACORP, Inc. IDA
- NorthWestern Energy Group, Inc. NWE
- NRG Energy, Inc. NRG
- OGE Energy Corp. OGE
- Pinnacle West Capital Corporation PNW
- Portland General Electric Company POR
- PPL Corporation PPL
- The AES Corporation AES
- TXNM Energy, Inc. TXNM
- Vistra Corp. VST
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 5, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 7, 2025 | = | ◇ | ◇ | ◇ |
| 2015 | May 24, 2016 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact Talen Energy disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Talen Energy sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
182 figures on this page: 179 cited to the filing that reported them, 3 calculated from figures it prints.
179 cited to the filing
3 calculated from the filing
Documents cited
- 0001622536-26-000039Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001622536-26-000023Chief Executive Officer Pay Ratio · Director Compensation · Grants of Plan-Based Awards for Fiscal 2025 · Outstanding Equity Awards at 2025 Fiscal Year End · and 1 more section
- 0001628280-25-024662Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001628280-25-013816Summary Compensation Table
- 0001622536-16-000129Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Talen Energy executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/TLN (accessed 2026).
Short form: data: Velarion
Embed this data
A small, cited view of this data for your own page or newsletter. Every embed carries a visible link back here, so the attribution travels with it.
The headline figures, each with its citation.
Connect an AI assistant
Ask your own assistant about Talen Energy and roughly 3,000 other US public companies, and get back the same figures on this page with the same citations. Free read access, no account. Add this to your assistant's connector settings.
Utilities rankings
Peers Talen Energy discloses
The companies named in TLN's own disclosed peer group.
Alliant Energy CorporationAvista CorporationBlack Hills CorporationCMS Energy CorporationConstellation Energy CorporationEvergy, Inc.IDACORP, Inc.NorthWestern Energy Group, Inc.NRG Energy, Inc.OGE Energy Corp.Pinnacle West Capital CorporationPortland General Electric CompanyPPL CorporationTXNM Energy, Inc.Vistra Corp.
Terms on this page
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}