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

Global Infrastructure Investors III, LLC reports changes in beneficial ownership of Clearway Energy, Inc. Class C Common Stock due to forfeiture and tax withholding related to Clearway Energy Group's equity incentive program.

Summary

• Global Infrastructure Investors III, LLC and related entities filed a Form 4 detailing changes in their beneficial ownership of Clearway Energy, Inc. Class C Common Stock.
• The changes are due to the forfeiture of 3,014 shares of restricted stock on April 12, 2024, and the withholding of 96 shares on April 15, 2024, to cover tax obligations related to the vesting of restricted stock under Clearway Energy Group's Long Term Equity Incentive Program.
• The shares were withheld at a price of $22.49.
• Following these transactions, the reporting persons indirectly beneficially own 47,245 shares of Class C Common Stock.
• The reporting persons disclaim beneficial ownership of the securities except to the extent of their pecuniary interest.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing, indicating neutral sentiment. The transactions are related to employee compensation and tax obligations, which are typical business operations.

Positives

• The reporting persons have agreed to voluntarily disgorge any profits deemed realized from such transactions to the Issuer.

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.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they relate to employee compensation and tax obligations.

Key Dates