Form 4: TotalEnergies SE Reports Forfeiture of Clearway Energy, Inc. Shares

TotalEnergies SE and related entities report the forfeiture of 1,942 Class C Common Stock shares of Clearway Energy, Inc. 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, along with several related entities, filed a Form 4 with the SEC on July 3, 2024.
• The filing reports a change in beneficial ownership of Clearway Energy, Inc. (CWEN) Class C Common Stock.
• Specifically, it details the forfeiture of 1,942 shares on July 1, 2024.
• 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.
• After the transaction, TotalEnergies SE indirectly beneficially owns 62,094 shares through its holdings in Clearway Energy Group and related entities.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market.

Stakeholder Impact

• The forfeiture of shares has a minimal impact on shareholders as it involves a small number of shares relative to the total outstanding shares.

Key Dates