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

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

Summary

• TotalEnergies SE, along with several related entities, filed a Form 4 detailing changes in their beneficial ownership of Clearway Energy, Inc. (CWEN).
• The filing reports the forfeiture of Class C Common Stock due to the departure of employees from Clearway Energy Group LLC.
• On November 7, 2024, 213 shares were forfeited, resulting in TotalEnergies' indirect ownership of 106,933 shares.
• Another 213 shares were forfeited on November 8, 2024, bringing the total indirect ownership to 107,146 shares.
• The shares are held directly by Clearway Energy Group, with GIP III Zephyr Acquisition Partners, L.P. as its sole member.
• TotalEnergies Renewables USA, LLC holds 50% of the equity interests in Zephyr GP, the general partner of Zephyr.
• TotalEnergies SE disclaims beneficial ownership of the securities except to the extent of its pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing regarding share forfeitures, indicating a neutral sentiment.

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.

Key Dates