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

TotalEnergies SE and related entities report adjustments in their beneficial ownership of Clearway Energy, Inc. due to forfeiture of restricted stock.

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 regarding changes in their beneficial ownership of Clearway Energy, Inc.
• The changes are due to the forfeiture of Clearway Energy, Inc. restricted stock shares previously granted by Clearway Energy Group LLC under its Long Term Equity Incentive Program to its employees.
• On June 18, 2024, 1,723 shares of Class C Common Stock were forfeited.
• On June 21, 2024, an additional 213 shares of Class C Common Stock were forfeited.
• Following these transactions, TotalEnergies SE indirectly beneficially owns 60,152 shares of Class C Common Stock through its holdings in Clearway Energy Group.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing reporting changes in stock ownership due to forfeitures, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and major shareholders, providing transparency to the market.

Key Dates