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

BlackRock Portfolio Management LLC files a Form 4 detailing changes in its beneficial ownership of Clearway Energy, Inc. stock due to forfeiture and tax withholding related to restricted stock vesting.

Summary

• BlackRock Portfolio Management LLC filed a Form 4 with the SEC on February 19, 2025, reporting changes in its beneficial ownership of Clearway Energy, Inc. (CWEN) stock.
• The reported transactions include the forfeiture of 958 Class C Common Stock shares on February 14, 2025.
• An additional 1,183 shares were acquired on February 18, 2025, at a price of $26.13 per share to satisfy tax withholding obligations.
• Following these transactions, BlackRock Portfolio Management LLC indirectly beneficially owns 116,340 shares of Class C Common Stock.
• The shares are held indirectly through Clearway Energy Group, which is controlled by various entities including Zephyr Holdings GP, LLC, GIP III Zephyr Acquisition Partners, L.P., and Global Infrastructure Investors III, LLC.
• 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 standard regulatory filing detailing changes in stock ownership. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Management Comments

• 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, if any.

Industry Context

Form 4 filings are standard disclosures required by the SEC when there are changes in beneficial ownership of a company's securities by insiders or significant shareholders. This filing provides transparency into the transactions of a major shareholder of Clearway Energy, Inc.

Stakeholder Impact

• The filing provides transparency to shareholders regarding changes in ownership by a major shareholder.

Key Dates