X0306 4 2016-10-01 0 0001622536 Talen Energy Corp TLN 0001190840 GOESER LOUISE K C/O TALEN ENERGY CORPORATION 835 HAMILTON STREET, SUITE 150 ALLENTOWN PA 18101 1 0 0 0 Common Stock (DDCP) 2016-10-01 4 A 0 2344.877 13.86 A Common Stock 2344.877 19186.574 D Represents stock units acquired under the Issuer's Directors Deferred Compensation Plan ("DDCP"). Each unit is the economic equivalent of one share of Issuer common stock. Pursuant to the terms of the DDCP, the stock units shall settle in common stock upon the director's retirement or separation from service. No conversion or exercise price applies. /s/Thomas G. Douglass, as Attorney-in-Fact for Louise K. Goeser 2016-10-04