Form 4: Clearway Energy Director Jennifer Lowry Reports Stock Acquisitions
SEC Form 4 Filing
Director Jennifer Lowry acquired additional Class C Common Stock and Deferred Stock Units in Clearway Energy, Inc.
Summary
- On June 1, 2024, Jennifer Lowry, a director of Clearway Energy, Inc., acquired 4,822 Deferred Stock Units under the company's Amended and Restated 2013 Equity Incentive Plan.
- Each Deferred Stock Unit is equivalent to one share of Class C Common Stock and will be settled upon termination of her service on the Board or a change in control of the company.
- On June 3, 2024, Ms. Lowry also acquired 204 shares of Class C Common Stock representing dividend equivalent rights accrued on her Deferred Stock Units.
- Following these transactions, Ms. Lowry beneficially owns a total of 14,781 shares of Class C Common Stock, including 902 dividend equivalent rights.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't convey any particular positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company directors.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency regarding insider transactions.
- Companies like NextEra Energy Partners, Brookfield Renewable Partners, and Atlantica Sustainable Infrastructure also have directors who regularly file Form 4s to report changes in their beneficial ownership.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions, which can influence investor confidence.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Acquisition of 4,822 Deferred Stock Units |
| 06/03/2024 | Acquisition of 204 shares of Class C Common Stock (dividend equivalent rights) |
| 06/04/2024 | Date of signature for the Form 4 filing |
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