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. due to forfeiture of restricted stock.

Summary

• TotalEnergies SE, along with several related entities, filed a Form 4 with the SEC detailing changes in their beneficial ownership of Clearway Energy, Inc. (CWEN).
• The report indicates a transaction on April 12, 2024, involving the forfeiture of 3,014 shares of Class C Common Stock.
• These shares were previously granted by Clearway Energy Group LLC under its Long Term Equity Incentive Program to its employees.
• Following the transaction, the amount of securities beneficially owned following reported transactions is 47,149.
• The securities are indirectly held by Clearway Energy Group, with TotalEnergies Renewables USA, LLC holding 50% of the equity interests in Zephyr GP, the general partner of Zephyr, the sole member of Clearway Energy Group.
• TotalEnergies SE disclaims beneficial ownership of the securities except to the extent of its pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing reporting a routine transaction (stock forfeiture). It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders and large shareholders. This filing indicates a change in indirect ownership due to a stock forfeiture, which is a common occurrence in equity compensation plans.

Stakeholder Impact

• The forfeiture of shares has a minimal impact on shareholders as it is a relatively small number of shares.
• The forfeiture affects the employees of Clearway Energy Group who were granted the restricted stock.

Key Dates