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

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

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 their beneficial ownership of Clearway Energy, Inc. (CWEN).
• The filing indicates a transaction date of April 18, 2025, related to the forfeiture of 11,886 shares of Class C Common Stock.
• These shares were forfeited by employees of Clearway Energy Group LLC under its Long Term Equity Incentive Program.
• Following the reported transaction, the amount of securities beneficially owned is 89,196.
• The securities 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.
• Each of the TotalEnergies entities disclaims beneficial ownership of the securities, except to the extent of their pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

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 may have a minor impact on shareholders due to the change in ownership structure.
• Employees of Clearway Energy Group are directly impacted by the Long Term Equity Incentive Program.

Key Dates

Keywords

TotalEnergies, Clearway Energy, Beneficial Ownership, Form 4, Securities, Forfeiture, Equity Incentive Program