Form 4: Clearway Energy Executive Acquires Additional Shares Through Dividend Equivalent Rights
SEC Form 4 Filing
Kevin P. Malcarney, EVP, General Counsel, and Corporate Secretary of Clearway Energy, Inc., acquired 765 shares of Class C Common Stock through dividend equivalent rights.
Summary
- On September 3, 2024, Kevin P. Malcarney, an executive at Clearway Energy, Inc., acquired 765 shares of Class C Common Stock.
- The acquisition was a result of dividend equivalent rights accrued on restricted stock units (RSUs) and relative performance stock units (RPSUs).
- Following the transaction, Malcarney directly owns 79,466 shares of Class C Common Stock, which includes 3,676 dividend equivalent rights.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing an executive's acquisition of shares through dividend equivalent rights, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders of a company buy or sell the company's securities. This provides transparency to the market regarding the actions of company executives.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it involves a small number of shares acquired through existing compensation plans.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of transaction: Acquisition of 765 shares of Class C Common Stock. |
| 09/05/2024 | Date of signature on the Form 4 filing. |
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