Form 4: Clearway Energy CEO Sells Shares to Cover Tax Obligations After RSU Vesting
SEC Form 4 Filing
Clearway Energy's CEO, Craig Cornelius, disposed of 63,350 shares to cover tax obligations following the vesting of 125,000 restricted stock units.
Summary
- On October 1, 2024, Craig Cornelius, the President & CEO of Clearway Energy, Inc., disposed of 63,350 shares of Class C Common Stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of 125,000 restricted stock units (RSUs).
- Following the transaction, Mr. Cornelius beneficially owns 351,285 shares of Clearway Energy, Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine part of executive compensation and tax management. It doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to RSU vesting.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of transaction: Disposal of 63,350 shares and vesting of 125,000 RSUs. |
| 10/03/2024 | Date of signature on the Form 4 filing. |
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