Form 4: Clearway Energy: Global Infrastructure Investors III, LLC Reports Changes in Beneficial Ownership

Global Infrastructure Investors III, LLC reports a transaction involving Clearway Energy, Inc. Class C Common Stock due to forfeiture of shares of restricted stock.

Summary

• Global Infrastructure Investors III, LLC and related entities filed a Form 4 with the SEC regarding changes in beneficial ownership of Clearway Energy, Inc. (CWEN) Class C Common Stock.
• On September 20, 2024, 3,418 shares were forfeited due to the forfeiture of shares of restricted stock of the Issuer previously granted by Clearway Energy Group LLC ('Clearway Energy Group') under its Long Term Equity Incentive Program to one or more of its employees.
• Following the transaction, the reporting entities beneficially own 70,952 shares indirectly.
• The reporting persons include Global Infrastructure Investors III, LLC, Zephyr Holdings GP, LLC, Global Infrastructure GP III, L.P., GIP III Zephyr Midco Holdings, L.P., GIP III Zephyr Acquisition Partners L.P., and Clearway Energy Group LLC.
• Several individuals associated with Global Infrastructure Investors III, LLC's Investment Committee disclaim beneficial ownership of the securities.
• The reporting persons disclaim beneficial ownership of the securities reported, except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing. It reports a change in beneficial ownership due to stock forfeiture, which doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders and major shareholders.

Key Dates