Form 4: Clearway Energy Director Acquires Shares Through Dividend Equivalent Rights

A Clearway Energy director, Daniel B. More, acquired 808 shares of Class C Common Stock through dividend equivalent rights.

Summary

• Daniel B. More, a director at Clearway Energy, Inc., acquired 808 shares of Class C Common Stock on December 2, 2024.
• The acquisition was through dividend equivalent rights accrued on his Deferred Stock Units.
• These rights become exercisable when the related Deferred Stock Units become exercisable and can only be settled in Class C Common Stock.
• Following the transaction, Mr. More beneficially owns 56,256 shares of Class C Common Stock, which includes 10,262 dividend equivalent rights.

Sentiment

Score: 5

Explanation: The document is a routine filing of a director's stock acquisition, which is neither positive nor negative.

Industry Context

This is a routine filing related to a director's stock ownership and is not indicative of any broader industry trends.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders in the US.
• The acquisition of shares through dividend equivalent rights is a common form of compensation for directors and executives.
• The number of shares acquired is relatively small and does not represent a significant change in ownership.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small acquisition of shares by a director.

Key Dates

Keywords

Clearway Energy, Director, Stock Acquisition, Dividend Equivalent Rights, Class C Common Stock, Beneficial Ownership, Deferred Stock Units