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

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

• On July 19, 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 3,577 shares of restricted stock by employees of Clearway Energy Group LLC under its Long Term Equity Incentive Program.
• Following the transaction, the reporting entities beneficially own 67,534 shares indirectly through Clearway Energy Group LLC.
• 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 as general partners or members of Clearway Energy Group.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reports a routine transaction related to employee equity incentives.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market.

Stakeholder Impact

• The forfeiture of shares may have a minor dilutive effect on existing shareholders, but the impact is likely insignificant given the small number of shares involved.

Key Dates