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

TotalEnergies SE and related entities reported the forfeiture of 578 shares of Clearway Energy, Inc. Class C Common Stock due to the operation of Clearway Energy Group LLC's Long Term Equity Incentive Program.

Summary

• TotalEnergies SE, along with several related entities, filed a Form 4 with the SEC on April 8, 2025, regarding changes in beneficial ownership of Clearway Energy, Inc. (CWEN) securities.
• The report indicates a transaction date of April 4, 2025, involving the forfeiture of 578 shares of Class C Common Stock.
• These shares were forfeited due to the operation of Clearway Energy Group LLC's Long Term Equity Incentive Program.
• Following the transaction, the reporting entities indirectly beneficially own 76,394 shares of Clearway Energy, Inc. through Clearway Energy Group.
• The filing clarifies the ownership structure, with Clearway Energy Group holding the securities directly and various TotalEnergies entities having indirect ownership through their interests in Zephyr GP, the general partner of Zephyr, the sole member of Clearway Energy Group.
• Each reporting person disclaims beneficial ownership except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing regarding a share forfeiture, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market regarding their transactions in the company's securities.

Key Dates

Keywords

Clearway Energy, TotalEnergies, Form 4, Beneficial Ownership, Securities, Forfeiture, Equity Incentive Program