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. Class C Common Stock due to forfeiture of shares of restricted stock by Clearway Energy Group employees.

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 on April 12, 2024, involving Class C Common Stock.
• 3,014 shares were forfeited, leading to a decrease in the amount of securities beneficially owned.
• Following the transaction, the reporting entities indirectly beneficially own 47,149 shares.
• 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.
• The reporting persons 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 with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the ownership positions of significant shareholders and insiders. This filing indicates a change in indirect ownership due to employee stock forfeitures, which is a common occurrence in companies with equity-based compensation plans.

Key Dates