Form 4: BlackRock Portfolio Management LLC Reports Change in Beneficial Ownership of Clearway Energy, Inc.

BlackRock Portfolio Management LLC reports a change in beneficial ownership of Clearway Energy, Inc. stock due to forfeiture of shares of restricted stock.

Summary

• BlackRock Portfolio Management LLC filed a Form 4 with the SEC on April 8, 2025, reporting a change in beneficial ownership of Clearway Energy, Inc. (CWEN) stock.
• The transaction occurred on April 4, 2025, and involved the forfeiture of 578 shares of Class C Common Stock.
• This forfeiture resulted in BlackRock Portfolio Management LLC indirectly owning 76,394 shares of Clearway Energy, Inc.
• The shares are held indirectly through Clearway Energy Group LLC, which is controlled by various entities including Zephyr Holdings GP, LLC, GIP III Zephyr Acquisition Partners, L.P., and others.
• BlackRock Portfolio Management LLC and the GIP Entities disclaim beneficial ownership of the securities reported, except to the extent of their respective pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, and the sentiment is neutral as it simply reports a change in beneficial ownership due to a stock forfeiture.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the ownership positions of significant shareholders and insiders. This filing indicates a change in BlackRock's indirect ownership stake in Clearway Energy, Inc.

Key Dates

Keywords

beneficial ownership, Clearway Energy, BlackRock, Form 4, securities, stock forfeiture