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

TotalEnergies SE reports the forfeiture of 266 shares of Clearway Energy, Inc. Class C Common Stock due to employee equity incentive program adjustments.

Summary

• TotalEnergies SE and related entities filed a Form 4 detailing changes in beneficial ownership of Clearway Energy, Inc. (CWEN) stock.
• The report indicates a forfeiture of 266 shares of Class C Common Stock on May 3, 2024.
• The forfeiture resulted from adjustments within Clearway Energy Group's Long Term Equity Incentive Program.
• Following the transaction, TotalEnergies' indirect beneficial ownership stands at 47,830 shares.
• The shares are held indirectly through Clearway Energy Group, with TotalEnergies having an indirect interest through its ownership in Zephyr GP.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are standard disclosures required by the SEC when there are changes in beneficial ownership of a company's stock by its directors, officers, or principal stockholders. This filing indicates a change in TotalEnergies' indirect holdings in Clearway Energy, likely due to internal adjustments within Clearway Energy Group's equity incentive plans.

Key Dates