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

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

Summary

• TotalEnergies SE and 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 changes are due to the forfeiture of Clearway Energy, Inc. restricted stock previously granted by Clearway Energy Group LLC under its Long Term Equity Incentive Program to its employees.
• On July 10, 2024, 532 shares of Class C Common Stock were acquired, resulting in TotalEnergies indirectly beneficially owning 63,691 shares.
• On July 12, 2024, an additional 266 shares of Class C Common Stock were acquired, bringing the total to 63,957 shares.
• The securities 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 Holdings GP, LLC, the general partner of Zephyr.
• Each reporting person disclaims beneficial ownership except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in stock ownership. It doesn't convey any strong positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership, which is common for entities holding significant stakes in publicly traded companies. It reflects adjustments in shareholdings due to internal equity incentive programs.

Stakeholder Impact

• The changes in beneficial ownership may have a minor impact on shareholders, but the overall effect is likely minimal as it relates to internal equity incentive programs.

Key Dates