Form 4: TotalEnergies SE Reports Forfeiture of Clearway Energy, Inc. Shares

TotalEnergies SE, along with related entities, reported the forfeiture of 798 shares of Clearway Energy, Inc. Class C Common Stock due to the forfeiture of shares of restricted stock of Clearway Energy, Inc. previously granted by Clearway Energy Group LLC under its Long Term Equity Incentive Program to one or more of its employees.

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 beneficial ownership of Clearway Energy, Inc. (CWEN) stock.
• The report indicates a transaction date of October 25, 2024, involving the forfeiture of 798 shares of Class C Common Stock.
• These shares were forfeited due to the forfeiture of shares of restricted stock of Clearway Energy, Inc. previously granted by Clearway Energy Group LLC under its Long Term Equity Incentive Program to one or more of its employees.
• Following the transaction, TotalEnergies SE indirectly beneficially owns 95,424 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.
• Each of the reporting entities disclaims beneficial ownership of the securities, except to the extent of their pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing reporting a routine transaction. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders and large shareholders. This filing indicates a change in TotalEnergies' indirect beneficial ownership of Clearway Energy, Inc. shares due to a share forfeiture related to an equity incentive program.

Key Dates