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

TotalEnergies SE and related entities reported the forfeiture of 3,577 shares of Clearway Energy, Inc. Class C Common Stock due to the forfeiture of shares of restricted stock of Clearway Energy Group LLC.

Summary

• TotalEnergies SE, along with several related entities, filed a Form 4 with the SEC on July 23, 2024.
• The filing reports a transaction that occurred on July 19, 2024, involving Clearway Energy, Inc. (CWEN) Class C Common Stock.
• The transaction involved the forfeiture of 3,577 shares.
• Following the transaction, the reporting entities beneficially own 67,534 shares indirectly.
• 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.
• The forfeiture of shares of restricted stock of Clearway Energy Group LLC under its Long Term Equity Incentive Program to one or more of its employees caused the forfeiture of shares of Clearway Energy, Inc.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to a share forfeiture. It doesn't inherently convey positive or negative sentiment, but rather reports a factual change in ownership.

Negatives

• The forfeiture of shares represents a decrease in the holdings of TotalEnergies SE and related entities in Clearway Energy, Inc.

Industry Context

Form 4 filings are standard disclosures required by the SEC when there are changes in beneficial ownership of a company's securities by its directors, officers, or principal stockholders. This filing indicates a change in TotalEnergies' indirect holdings in Clearway Energy, Inc.

Stakeholder Impact

• The forfeiture of shares may have a minor impact on shareholders, depending on the overall significance of TotalEnergies' holdings in Clearway Energy, Inc.

Key Dates