Form 4: TotalEnergies SE Reports Change in Beneficial Ownership of Clearway Energy, Inc. Shares

TotalEnergies SE and related entities reported a forfeiture of Clearway Energy, Inc. restricted stock shares under Clearway Energy Group's Long Term Equity Incentive Program.

Summary

• TotalEnergies SE, along with several related entities, filed a Form 4 with the SEC on May 22, 2024, regarding changes in beneficial ownership of Clearway Energy, Inc. (CWEN) shares.
• The report indicates a transaction date of May 20, 2024, involving the forfeiture of 213 shares of Class C Common Stock.
• Following the reported transaction, TotalEnergies SE indirectly beneficially owns 48,512 shares through Clearway Energy Group.
• 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.
• TotalEnergies SE and its related entities disclaim beneficial ownership of the securities except to the extent of their pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It reports a share forfeiture, which doesn't inherently suggest positive or negative implications for the company's performance.

Industry Context

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

Key Dates