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

TotalEnergies SE and related entities report a forfeiture of Clearway Energy, Inc. restricted stock shares due to employee departures from Clearway Energy Group.

Summary

• TotalEnergies SE and several related entities, including TotalEnergies Gestion USA SARL, TotalEnergies Holdings USA, Inc., TotalEnergies Delaware, Inc., and TotalEnergies Renewables USA, LLC, filed a Form 4 regarding changes in beneficial ownership of Clearway Energy, Inc. (CWEN) stock.
• The report indicates a transaction date of July 5, 2024, where 1,065 shares of Class C Common Stock were forfeited.
• This forfeiture is attributed to shares of restricted stock previously granted by Clearway Energy Group LLC under its Long Term Equity Incentive Program to employees.
• Following the reported transaction, the amount of securities beneficially owned following reported transaction(s) is 63,159.
• The securities are held indirectly by Clearway Energy Group, with TotalEnergies Renewables USA, LLC holding 50% of the equity interests in Zephyr GP, the general partner of Zephyr, the sole member of Clearway Energy Group.
• Each reporting person disclaims beneficial ownership except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently indicate positive or negative sentiment, but rather reports a change in ownership.

Industry Context

This filing reflects standard reporting requirements for significant shareholders of publicly traded companies, particularly in the context of equity compensation plans and internal restructuring.

Stakeholder Impact

• The forfeiture of shares has a minimal impact on shareholders as it represents a small percentage of the total outstanding shares.
• The forfeiture impacts the employees who forfeited the shares upon leaving Clearway Energy Group.

Key Dates