Form 4: Clearway Energy EVP and CFO Sarah Rubenstein Reports Acquisition of Class C Common Stock

Sarah Rubenstein, EVP and CFO of Clearway Energy, Inc., reported the acquisition of 705 shares of Class C Common Stock on June 3, 2024, according to a Form 4 filing with the SEC.

Summary

• On June 3, 2024, Sarah Rubenstein, the Executive Vice President and CFO of Clearway Energy, Inc., acquired 705 shares of Class C Common Stock.
• The acquisition was reported in a Form 4 filing with the Securities and Exchange Commission (SEC).
• Following the transaction, Rubenstein directly owns 35,319 shares of Class C Common Stock, which includes 2,578 dividend equivalent rights that may only be settled in Class C Common Stock.
• The reported transaction also includes dividend equivalent rights accrued on Restricted Stock Units (RSUs) and Relative Performance Stock Units (RPSUs).
• These rights become exercisable proportionately with the RSUs and RPSUs to which they relate and may only be settled in Class C Common Stock.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock acquisition by an executive, with no inherent positive or negative implications for the company's overall performance.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and is required by the SEC to ensure transparency in the market.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it represents a change in ownership by an executive rather than a fundamental change in the company's operations or financial condition.

Key Dates