Form 4: TotalEnergies SE Reports Transaction in Clearway Energy, Inc. Shares

TotalEnergies SE reports the withholding of 469 Class C Common Stock shares of Clearway Energy, Inc. to cover tax obligations related to vesting restricted stock.

Summary

• TotalEnergies SE and related entities filed a Form 4 regarding changes in beneficial ownership of Clearway Energy, Inc. shares.
• On May 15, 2024, 469 shares of Class C Common Stock were withheld at a price of $27.48 per share to satisfy tax obligations related to the vesting of restricted stock.
• Following the transaction, TotalEnergies SE indirectly beneficially owns 48,299 shares through Clearway Energy Group.
• The shares are held directly by Clearway Energy Group, whose sole member is GIP III Zephyr Acquisition Partners, L.P. (Zephyr).
• Zephyr Holdings GP, LLC is the general partner of Zephyr.
• TotalEnergies Renewables USA, LLC holds 50% of the equity interests in Zephyr GP.
• TotalEnergies Holdings USA, Inc. is the sole shareholder of TotalEnergies Delaware, Inc., which is the sole member of TotalEnergies Renewables USA, LLC.
• TotalEnergies Gestion USA SARL is the sole shareholder of TotalEnergies Holdings USA, Inc.
• Each of these entities may be deemed to beneficially own the securities, but disclaims beneficial ownership except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing indicating a standard transaction. It doesn't convey any particularly positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when there are changes in beneficial ownership of a company's securities by its directors, officers, or principal stockholders. This filing indicates a routine transaction related to tax obligations.

Key Dates