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

BlackRock Portfolio Management LLC reports a transaction involving Clearway Energy, Inc. Class C Common Stock due to forfeiture of restricted stock by Clearway Energy Group employees.

Summary

• BlackRock Portfolio Management LLC filed a Form 4 with the SEC on May 14, 2025, reporting a change in beneficial ownership of Clearway Energy, Inc. (CWEN) Class C Common Stock.
• The transaction occurred on May 12, 2025, and involved the forfeiture of 821 shares of restricted stock previously granted by Clearway Energy Group LLC to its employees.
• Following the transaction, BlackRock Portfolio Management LLC reports beneficial ownership of 112,453 shares of Clearway Energy, Inc. Class C Common Stock through Clearway Energy Group.
• BlackRock Portfolio Management LLC and other related entities disclaim beneficial ownership of the securities except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, and the transaction itself (stock forfeiture) doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders and major shareholders.

Stakeholder Impact

• The forfeiture of shares may have a minor dilutive effect on existing shareholders, but the overall impact is likely minimal.

Key Dates

Keywords

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