Form 4: Clearway Energy Inc. Executive Acquires Additional Shares Through Dividend Equivalent Rights
SEC Form 4 Filing
Craig Cornelius, President & CEO of Clearway Energy, Inc., acquired 1,690 shares of Class C Common Stock through dividend equivalent rights.
Summary
- Craig Cornelius, the President & CEO of Clearway Energy, Inc., reported a transaction on September 3, 2024, involving the acquisition of 1,690 shares of Class C Common Stock.
- The acquisition was made through dividend equivalent rights accrued on Restricted Stock Units (RSUs) and Relative Performance Stock Units (RPSUs).
- Following the transaction, Cornelius directly owns 414,635 shares of Class C Common Stock, including 1,690 dividend equivalent rights that may only be settled in Class C Common Stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing related to executive compensation and doesn't inherently indicate positive or negative news about the company's performance.
Positives
- The acquisition of shares by the CEO could be interpreted as a positive signal, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of transaction: Acquisition of Class C Common Stock through dividend equivalent rights. |
| 09/05/2024 | Date of signature on the Form 4 filing. |
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