Form 4: TotalEnergies SE Reports Forfeiture of Clearway Energy, Inc. Shares
SEC Filing Form 4
TotalEnergies SE reports the forfeiture of 3,577 shares of Clearway Energy, Inc. Class C Common Stock due to the forfeiture of shares of restricted stock of Clearway Energy, Inc. previously granted by Clearway Energy Group LLC under its Long Term Equity Incentive Program to one or more of its employees.
Summary
- TotalEnergies SE and related entities filed a Form 4 with the SEC on July 23, 2024, regarding changes in beneficial ownership of Clearway Energy, Inc. (CWEN) stock.
- The report indicates a transaction date of July 19, 2024, involving the forfeiture of 3,577 shares of Class C Common Stock.
- These shares were forfeited due to the forfeiture of shares of restricted stock of Clearway Energy, Inc. previously granted by Clearway Energy Group LLC under its Long Term Equity Incentive Program to one or more of its employees.
- Following the transaction, TotalEnergies SE indirectly beneficially owns 67,534 shares of Clearway Energy, Inc. Class C Common Stock.
- 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 GP, the general partner of Zephyr.
- TotalEnergies SE and its subsidiaries 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 forfeiture of shares is a neutral event in itself. The sentiment is therefore considered neutral.
Negatives
- The forfeiture of shares may be perceived negatively by some investors.
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, depending on the overall context and market perception.
Key Dates
| Date | Description |
|---|---|
| 07/19/2024 | Transaction date of the share forfeiture. |
| 07/23/2024 | Date of Form 4 filing with the SEC. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.