Form 4: TotalEnergies SE Reports Change in Beneficial Ownership of Clearway Energy, Inc.

TotalEnergies SE and related entities report a decrease in their indirect beneficial ownership of Clearway Energy, Inc. shares due to forfeiture of restricted stock by Clearway Energy Group employees.

Summary

• TotalEnergies SE, along with several related entities, filed a Form 4 detailing changes in their beneficial ownership of Clearway Energy, Inc. (CWEN) stock.
• The filing reports a transaction that occurred on December 31, 2024, involving the forfeiture of 1,117 shares of Class C Common Stock.
• These shares were previously granted by Clearway Energy Group LLC under its Long Term Equity Incentive Program to its employees.
• The reported transaction resulted in TotalEnergies' indirect beneficial ownership decreasing to 113,368 shares.
• The shares are held directly by Clearway Energy Group, of which GIP III Zephyr Acquisition Partners, L.P. is the sole member.
• TotalEnergies Renewables USA, LLC holds 50% of the equity interests in Zephyr GP, the general partner of Zephyr.
• TotalEnergies SE and its subsidiaries disclaim beneficial ownership of the securities except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing detailing a routine change in ownership. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the ownership positions of significant shareholders and insiders.

Stakeholder Impact

• The change in ownership may have a minor impact on shareholders, but the overall effect is likely minimal given the relatively small number of shares involved.

Key Dates