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

TotalEnergies SE and related entities reported a change in beneficial ownership of Clearway Energy, Inc. shares due to the forfeiture of restricted stock by Clearway Energy Group employees.

Summary

• TotalEnergies SE, along with several related entities, filed a Form 4 with the SEC on June 11, 2024, regarding changes in beneficial ownership of Clearway Energy, Inc. (CWEN) shares.
• The change resulted from the forfeiture of 213 shares of Clearway Energy, Inc. Class C Common Stock on June 7, 2024.
• These shares were previously granted by Clearway Energy Group LLC under its Long Term Equity Incentive Program to its employees.
• Following the transaction, the reporting entities indirectly beneficially own 58,216 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 Holdings GP, LLC, the general partner of Zephyr.
• The filing includes disclaimers of beneficial ownership by each Reporting Person, except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, and the event described (share forfeiture) is neutral in sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the ownership positions of company insiders and major shareholders. This filing indicates a change in ownership due to internal company equity programs.

Key Dates