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

TotalEnergies SE and related entities reported the forfeiture of Clearway Energy, Inc. restricted stock shares due to employee departures from Clearway Energy Group LLC.

Summary

• TotalEnergies SE, along with several related entities, filed a Form 4 detailing changes in their beneficial ownership of Clearway Energy, Inc. (CWEN).
• The filing reports the forfeiture of Class C Common Stock shares due to the departure of employees from Clearway Energy Group LLC.
• On November 7, 2024, 213 shares were forfeited, resulting in TotalEnergies' indirect ownership of 106,933 shares.
• On November 8, 2024, another 213 shares were forfeited, increasing their indirect ownership to 107,146 shares.
• The shares are held indirectly through a complex chain of ownership, including Clearway Energy Group, GIP III Zephyr Acquisition Partners, L.P., Zephyr Holdings GP, LLC, TotalEnergies Renewables USA, LLC, TotalEnergies Holdings USA, Inc., and TotalEnergies Delaware, Inc.
• Each of these entities disclaims beneficial ownership except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, and the information presented is factual and neutral in tone. There is no indication of positive or negative 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 adjustments in TotalEnergies' indirect holdings of Clearway Energy, Inc. shares due to internal employee movements within Clearway Energy Group.

Stakeholder Impact

• The forfeiture of shares has a minimal impact on Clearway Energy, Inc. shareholders, as it represents a small adjustment in the ownership structure.
• The impact on Clearway Energy Group employees who forfeited the shares is that they no longer have rights to those shares.

Key Dates