Form 4: TotalEnergies SE Reports Transaction in Clearway Energy, Inc. Shares

TotalEnergies SE reports acquisition and disposal of Clearway Energy, Inc. Class C Common Stock related to exchange of Class D Units and grant of restricted stock.

Summary

• TotalEnergies SE and related entities reported transactions in Clearway Energy, Inc. (CWEN) Class C Common Stock.
• On June 26, 2024, 375,000 shares of Class C Common Stock were acquired upon exchange of Class D Units of Clearway Energy LLC.
• On June 28, 2024, 375,000 shares of Class C Common Stock were disposed of at a price of $24.69 per share.
• The disposal reflects the grant of restricted stock by Clearway Energy Group under its Long Term Equity Incentive Program.
• Following these transactions, TotalEnergies SE indirectly beneficially owns 60,152 shares of Class C Common Stock.
• TotalEnergies SE disclaims beneficial ownership of the securities except to the extent of its pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing transactions. It doesn't convey strong positive or negative sentiment.

Industry Context

This filing reflects ongoing transactions by a major shareholder, TotalEnergies SE, in Clearway Energy, Inc., a company focused on renewable energy. Such transactions are typical for large shareholders and can be driven by various factors, including portfolio adjustments, regulatory requirements, or strategic decisions.

Comparison to Industry Standards

• Form 4 filings are standard practice for insiders and large shareholders of publicly traded companies like Clearway Energy, Inc.
• The transactions reported are typical of those seen by companies with complex ownership structures and incentive programs.
• Comparable companies such as NextEra Energy Partners, LP and Brookfield Renewable Partners L.P. also have similar filings related to insider transactions and equity incentive plans.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a major shareholder.
• The grant of restricted stock impacts employees of Clearway Energy Group.

Key Dates