Form 4: TotalEnergies SE Reports Share Withholding for Tax Obligations at Clearway Energy, Inc.

TotalEnergies SE and related entities report the withholding of Clearway Energy, Inc. shares to cover tax obligations related to the vesting of restricted stock granted under Clearway Energy Group's Long Term Equity Incentive Program.

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 regarding changes in beneficial ownership of Clearway Energy, Inc. shares.
• The report indicates that on April 15, 2024, 96 shares of Class C Common Stock were withheld at a price of $22.49 per share.
• This withholding was to satisfy tax obligations related to the vesting of restricted stock previously granted by Clearway Energy Group LLC under its Long Term Equity Incentive Program to certain of its employees.
• The reporting persons have agreed to voluntarily disgorge any profits deemed realized from such transactions to the Issuer.
• Following the transaction, the reporting entities indirectly beneficially own 47,245 shares through Clearway Energy Group.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing related to tax obligations, so it has a neutral sentiment. The agreement to disgorge profits is a slightly positive signal.

Positives

• The reporting persons have agreed to voluntarily disgorge any profits deemed realized from such transactions to the Issuer.

Industry Context

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

Stakeholder Impact

• The share withholding may have a minor dilutive effect on existing shareholders.

Key Dates