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

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

Summary

• TotalEnergies SE, along with several related entities, filed a Form 4 with the SEC regarding changes in their beneficial ownership of Clearway Energy, Inc. (CWEN).
• The report indicates that on September 20, 2024, 3,418 shares of Class C Common Stock were forfeited.
• Following the transaction, the reporting entities indirectly beneficially own 70,952 shares of Clearway Energy, Inc.
• The shares are held directly by Clearway Energy Group LLC, 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 GP, the general partner of Zephyr.
• The reporting persons disclaim beneficial ownership of the securities except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing (Form 4) indicating changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

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 changes in TotalEnergies' indirect ownership stake in Clearway Energy, which is relevant to investors tracking major shareholder activity.

Stakeholder Impact

• The change in beneficial ownership may have a minor impact on shareholders, as it reflects a slight decrease in TotalEnergies' indirect stake.
• The forfeiture of shares affects employees of Clearway Energy Group LLC who were granted the restricted stock.

Key Dates