Clearway Energy (NYSE: CWEN) CEO covers RSU taxes with shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Clearway Energy, Inc. President & CEO Cornelius Craig reported a routine tax-withholding share disposition tied to equity compensation. On July 1, 2026, 14,119 shares underlying previously granted Restricted Stock Units vested, and 7,184 Class C Common shares were surrendered to cover his tax obligation. After this non-market transaction, he directly holds 358,087 Class C Common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cornelius Craig
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class C Common Stock, par value $.01 per share | 7,184 | $0.00 | -- |
Holdings After Transaction:
Class C Common Stock, par value $.01 per share — 358,087 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares surrendered for taxes: 7,184 shares
Shares vested: 14,119 shares
Original RSU grant: 37,945 RSUs
+1 more
4 metrics
Shares surrendered for taxes
7,184 shares
Class C Common Stock surrendered on July 1, 2026 for tax withholding
Shares vested
14,119 shares
Shares vesting from RSUs on July 1, 2026
Original RSU grant
37,945 RSUs
RSUs granted on July 1, 2024 under 2013 Equity Incentive Plan
Shares held after transaction
358,087 shares
Direct Class C Common holdings after tax-withholding disposition
Key Terms
Restricted Stock Units ("RSUs"), Amended and Restated 2013 Equity Incentive Plan, withholding obligation, Class C Common Stock
4 terms
Restricted Stock Units ("RSUs") financial
"Mr. Cornelius was issued 37,945 Restricted Stock Units ("RSUs") by Clearway Energy, Inc."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Amended and Restated 2013 Equity Incentive Plan financial
"under Clearway Energy Inc.'s Amended and Restated 2013 Equity Incentive Plan (the "LTIP")"
withholding obligation financial
"stock for RSUs having a value on the date of the exchange equal to the withholding obligation."
Class C Common Stock financial
"Each RSU is equivalent in value to one share of Class C Common Stock of Clearway Energy Inc."
A class C common stock is a type of company share that usually represents ownership but often carries limited or no voting power compared with other share classes. For investors, that matters because it can affect influence over company decisions and sometimes the stock’s price or dividend priority — think of it as owning a ticket to the same event but in a section with less say in how the event is run.
FAQ
What did Clearway Energy (CWEN) CEO Cornelius Craig report in this Form 4?
He reported a routine tax-withholding disposition. When 14,119 shares from vested RSUs settled on July 1, 2026, 7,184 Class C shares were surrendered to cover his tax obligation, with no open-market sale involved.
How many Restricted Stock Units were originally granted to the Clearway Energy CEO?
On July 1, 2024, he was granted 37,945 Restricted Stock Units. These RSUs vest ratably over three years, starting on the first anniversary of the grant date, with each RSU equal to one share of Class C Common Stock.
What are Cornelius Craig’s Clearway Energy holdings after this transaction?
Following the tax-withholding disposition, he directly holds 358,087 Class C Common shares. This figure reflects his ownership after surrendering 7,184 shares to satisfy the tax obligation linked to his RSU vesting.