Form 4: TotalEnergies SE Reports Changes in Beneficial Ownership of Clearway Energy, Inc.
SEC Form 4 Filing
TotalEnergies SE and related entities report changes in their beneficial ownership of Clearway Energy, Inc. stock due to forfeiture and tax withholding related to Clearway Energy Group's 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 detailing changes in their beneficial ownership of Clearway Energy, Inc. (CWEN) stock.
- The changes result from the forfeiture of 958 Class C Common Stock shares on February 14, 2025, and the withholding of 1,183 shares on February 18, 2025, at a price of $26.13, to cover tax obligations related to Clearway Energy Group's Long Term Equity Incentive Program.
- Following these transactions, the reporting persons indirectly beneficially own 116,340 shares of Class C Common Stock.
- 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.
- Each reporting person disclaims beneficial ownership of the securities except to the extent of their pecuniary interest.
Sentiment
Score: 6
Explanation: The document is a standard regulatory filing detailing routine transactions related to equity compensation. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
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 a routine part of corporate governance, providing transparency into the transactions of company insiders and major shareholders. This filing indicates activity related to equity compensation plans.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership percentages, but the impact is likely insignificant.
Key Dates
| Date | Description |
|---|---|
| 02/14/2025 | Forfeiture of 958 shares of Clearway Energy, Inc. Class C Common Stock. |
| 02/18/2025 | Withholding of 1,183 shares of Clearway Energy, Inc. Class C Common Stock at $26.13 per share for tax obligations. |
| 02/19/2025 | Date of filing of the Form 4 by TotalEnergies SE and related entities. |
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