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

TotalEnergies SE and related entities report a decrease in their indirect beneficial ownership of Clearway Energy, Inc. common stock due to forfeiture of restricted shares.

Summary

• TotalEnergies SE, along with several related entities, filed a Form 4 with the SEC on September 24, 2024, reporting changes in their beneficial ownership of Clearway Energy, Inc. (CWEN) common stock.
• The reported transaction involves the forfeiture of 3,418 shares of Clearway Energy, Inc. restricted stock on September 20, 2024.
• Following the transaction, the reporting persons indirectly beneficially own 70,952 shares of Clearway Energy, Inc. common stock.
• The shares are held directly by Clearway Energy Group LLC, which is controlled by GIP III Zephyr Acquisition Partners, L.P.
• TotalEnergies Renewables USA, LLC holds 50% of the equity interests in Zephyr Holdings GP, LLC, the general partner of Zephyr.
• TotalEnergies SE, through its subsidiaries, may be deemed to beneficially own the securities, but disclaims beneficial ownership except to the extent of its pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

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.

Stakeholder Impact

• The change in beneficial ownership may have a minor impact on shareholders, but the overall effect is likely to be minimal given the relatively small number of shares involved.

Key Dates