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

TotalEnergies SE and related entities report a decrease in their beneficial ownership of Clearway Energy, Inc. due to the forfeiture of restricted stock.

Summary

• TotalEnergies SE and several related entities filed a Form 4 with the SEC, reporting changes in their beneficial ownership of Clearway Energy, Inc. (CWEN).
• The changes are due to the forfeiture of 11,296 shares of restricted stock previously granted by Clearway Energy Group LLC to its employees.
• Following the transaction on November 1, 2024, the reporting persons indirectly beneficially own 106,720 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 reporting persons disclaim 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, and the sentiment is neutral. It simply reports a change in beneficial ownership due to a forfeiture of restricted stock.

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 indirect ownership due to internal equity incentive programs within Clearway Energy Group.

Stakeholder Impact

• The forfeiture of restricted stock may have a minor impact on the overall shareholding structure of Clearway Energy, Inc.
• The impact on stakeholders is likely minimal, as the change relates to internal equity incentive programs within Clearway Energy Group.

Key Dates