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. shares due to forfeiture of restricted stock by Clearway Energy Group employees.

Summary

• On July 5, 2024, Global Infrastructure Investors III, LLC reported a change in beneficial ownership of Clearway Energy, Inc. shares.
• The change is due to the forfeiture of 1,065 shares of Class C Common Stock by employees of Clearway Energy Group LLC under its Long Term Equity Incentive Program.
• Following the transaction, the reporting entities indirectly beneficially own 63,159 shares.
• The reporting entities 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.
• These entities may be deemed to share beneficial ownership due to their relationships, but they disclaim beneficial ownership except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, and the transaction itself is neutral in sentiment. It reflects standard equity compensation practices.

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. This filing indicates a minor adjustment in share ownership due to employee equity incentives.

Stakeholder Impact

• The forfeiture of shares has a minimal impact on shareholders as it involves a small number of shares and is related to employee equity incentives.
• The employees who forfeited the shares under the Long Term Equity Incentive Program are impacted.

Key Dates