Form 4: BlackRock Portfolio Management LLC Reports Change in Beneficial Ownership of Clearway Energy, Inc. Shares
SEC Form 4 Filing
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
- On May 2, 2025, BlackRock Portfolio Management LLC reported a change in beneficial ownership of Clearway Energy, Inc. (CWEN) Class C Common Stock.
- The transaction involved the forfeiture of 18,210 shares of restricted stock by employees of Clearway Energy Group LLC.
- Following the transaction, BlackRock Portfolio Management LLC is reporting 111,632 shares beneficially owned indirectly.
- BlackRock Portfolio Management LLC and the GIP Entities disclaim beneficial ownership of the securities reported herein, except to the extent of their respective pecuniary interest therein.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reporting a routine transaction. It doesn't inherently convey 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 transaction may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 05/02/2025 | Date of transaction (forfeiture of shares) |
| 05/06/2025 | Date of report filing |
Keywords
beneficial ownership, Clearway Energy, BlackRock, Form 4, securities, transaction, CWEN, shares
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