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

TotalEnergies SE and related entities reported a decrease in their beneficial ownership of Clearway Energy, Inc. due to the forfeiture of restricted stock.

Summary

• TotalEnergies SE, along with several related entities, filed a Form 4 with the SEC regarding changes in beneficial ownership of Clearway Energy, Inc. (CWEN).
• The report indicates a transaction date of November 1, 2024, involving Class C Common Stock.
• A total of 11,296 shares were forfeited, resulting in TotalEnergies' indirect beneficial ownership of 106,720 shares.
• The shares are held directly by Clearway Energy Group, with TotalEnergies Renewables USA, LLC holding 50% of the equity interests in Zephyr GP, the general partner of Zephyr, the sole member of Clearway Energy Group.
• TotalEnergies SE and its related entities disclaim beneficial ownership of the securities, except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. The forfeiture of shares is a slightly negative event, but the overall impact is likely minimal.

Negatives

• The forfeiture of 11,296 shares represents a decrease in TotalEnergies' holdings of Clearway Energy, Inc.

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 TotalEnergies' indirect ownership stake in Clearway Energy, Inc., which may be of interest to investors monitoring the company's major shareholders.

Stakeholder Impact

• The change in ownership may have a minor impact on shareholders, but the overall effect is likely to be negligible.

Key Dates