Form 4: Global Infrastructure Investors III, LLC Reports Change in Beneficial Ownership of Clearway Energy, Inc. Shares

Global Infrastructure Investors III, LLC reports a transaction involving Clearway Energy, Inc. Class C Common Stock due to forfeiture of shares of restricted stock under Clearway Energy Group's Long Term Equity Incentive Program.

Summary

• On May 3, 2024, Global Infrastructure Investors III, LLC reported a change in beneficial ownership of Clearway Energy, Inc. Class C Common Stock.
• The transaction involved the forfeiture of 266 shares of restricted stock previously granted by Clearway Energy Group LLC under its Long Term Equity Incentive Program.
• Following the reported transaction, the amount of securities beneficially owned following reported transaction(s) is 47,830.
• The shares are indirectly held by Clearway Energy Group.
• Several entities, including Zephyr Holdings GP, LLC, GIP III Zephyr Midco Holdings, L.P., Global Infrastructure GP III, L.P., and Global Infrastructure Investors III, LLC, may be deemed to share beneficial ownership of the securities owned by Clearway Energy Group.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing (Form 4) reporting a change in beneficial ownership. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider transactions.

Management Comments

• Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the securities reported herein for purposes of Section 16 or for any other purpose.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market regarding their transactions in the company's securities.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency in insider trading activities.
• Similar filings are required in other jurisdictions with developed capital markets, such as the UK (through notifications to the FCA) and Europe (under MAR).

Stakeholder Impact

• The forfeiture of shares may have a minor dilutive effect on existing shareholders, although the number of shares involved is relatively small.
• The filing provides transparency to shareholders regarding the ownership structure and transactions of key stakeholders.

Key Dates