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

TotalEnergies SE and related entities reported a forfeiture of Clearway Energy, Inc. restricted stock shares, resulting in adjustments to their beneficial ownership.

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 with the SEC.
• The filing reports a change in beneficial ownership of Clearway Energy, Inc. (CWEN) Class C Common Stock.
• On March 8, 2024, 2,722 shares of Clearway Energy, Inc. restricted stock were forfeited.
• Following the transaction, the reporting entities indirectly beneficially own 98,271 shares.
• The shares are held directly by Clearway Energy Group LLC, which is wholly owned by GIP III Zephyr Acquisition Partners, L.P. (Zephyr).
• TotalEnergies Renewables USA, LLC holds 50% of the equity interests in Zephyr GP, the general partner of Zephyr.
• The reporting persons disclaim beneficial ownership except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It reports a routine transaction (forfeiture of shares) and doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the ownership positions of company insiders and major shareholders. This filing indicates a change in TotalEnergies' indirect beneficial ownership of Clearway Energy, Inc. shares due to a forfeiture of restricted stock.

Stakeholder Impact

• The change in beneficial ownership is unlikely to have a significant impact on Clearway Energy, Inc.'s stakeholders, as it relates to an internal matter within TotalEnergies' compensation structure.

Key Dates