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

TotalEnergies SE reports the withholding of 469 Class C Common Stock shares of Clearway Energy, Inc. to cover tax obligations related to vesting restricted stock.

Summary

• TotalEnergies SE and related entities filed a Form 4 regarding changes in beneficial ownership of Clearway Energy, Inc. shares.
• On May 15, 2024, 469 shares of Class C Common Stock were withheld at a price of $27.48 per share to satisfy tax obligations related to the vesting of restricted stock.
• Following the transaction, TotalEnergies SE indirectly beneficially owns 48,299 shares through Clearway Energy Group.
• The shares are held directly by Clearway Energy Group, whose sole member is GIP III Zephyr Acquisition Partners, L.P. (Zephyr).
• Zephyr Holdings GP, LLC (Zephyr GP) is the general partner of Zephyr.
• TotalEnergies Renewables USA, LLC holds 50% of the equity interests in Zephyr GP.
• TotalEnergies Holdings USA, Inc. is the sole shareholder of TotalEnergies Delaware, Inc., which is the sole member of TotalEnergies Renewables USA, LLC.
• TotalEnergies Gestion USA SARL, a wholly-owned subsidiary of TotalEnergies SE, is the sole shareholder of TotalEnergies Holdings USA, Inc.
• The reporting persons disclaim beneficial ownership except to the extent of their pecuniary interest.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and major shareholders, providing transparency to the market.

Key Dates