Form 4: Clearway Energy Executive Acquires Additional Shares Through Dividend Equivalent Rights

Michael Taft Murphy, Chief Investment Officer of Clearway Energy, Inc., acquired 561 shares of Class C Common Stock through dividend equivalent rights on March 1, 2024.

Summary

• On March 1, 2024, Michael Taft Murphy, the Chief Investment Officer of Clearway Energy, Inc. (CWEN), acquired 561 shares of Class C Common Stock.
• The acquisition was a result of dividend equivalent rights accrued on the reporting person's Restricted Stock Units (RSUs) and Relative Performance Stock Units (RPSUs).
• These dividend equivalent rights become exercisable proportionately with the RSUs and RPSUs to which they relate and may only be settled in Class C Common Stock.
• Following the transaction, Murphy directly owns 31,053 shares of Class C Common Stock, which includes 2,554 dividend equivalent rights.

Sentiment

Score: 5

Explanation: The document is a routine SEC 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 practice and provide transparency into the trading activities of company insiders, which can be a signal to investors.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it represents a small change in ownership by a company executive.

Key Dates