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

TotalEnergies SE and related entities reported the forfeiture of 319 shares of Clearway Energy, Inc. Class C Common Stock due to the forfeiture of shares of restricted stock of Clearway Energy Group LLC.

Summary

• TotalEnergies SE and several related entities, including TotalEnergies Gestion USA SARL, TotalEnergies Holdings USA, Inc., TotalEnergies Delaware, Inc., and TotalEnergies Renewables USA, LLC, filed a Form 4.
• The filing reports a transaction on April 19, 2024, involving Clearway Energy, Inc. (CWEN) Class C Common Stock.
• 319 shares were forfeited due to the forfeiture of shares of restricted stock of Clearway Energy Group LLC under its Long Term Equity Incentive Program.
• Following the transaction, the reporting entities indirectly beneficially own 47,564 shares.
• 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.
• Each reporting person disclaims beneficial ownership of the securities except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing regarding a change in share ownership. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders and major shareholders, allowing the public to track changes in their ownership positions.

Key Dates