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

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

Summary

• TotalEnergies SE, along with several related entities, filed a Form 4 with the SEC on June 11, 2024, regarding changes in beneficial ownership of Clearway Energy, Inc. (CWEN) shares.
• The change resulted from the forfeiture of 213 shares of Class C Common Stock by employees of Clearway Energy Group LLC under its Long Term Equity Incentive Program on June 7, 2024.
• Following the transaction, the reporting entities indirectly beneficially own 58,216 shares of Clearway Energy, Inc.
• 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 Holdings GP, LLC, the general partner of Zephyr.
• The filing includes disclaimers of beneficial ownership by the reporting persons, except to the extent of their pecuniary interest.

Sentiment

Score: 5

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

Industry Context

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

Stakeholder Impact

• The forfeiture of shares has a minimal impact on shareholders as it involves a small number of shares and is related to employee equity incentives.

Key Dates