Clearway Energy (CWEN) CEO reports acquisition of 2,607 Class C shares on Form 4

Rhea-AI Filing Summary

Clearway Energy, Inc. President and CEO, who also serves as a director, reported an automatic increase in his holdings of the company’s Class C common stock. On 12/01/2025, he acquired 2,607 shares of Class C common stock, recorded as an "A" (acquired) transaction on a Form 4. These shares reflect dividend equivalent rights tied to his existing stock-based awards rather than an open-market purchase.

Following this transaction, the reporting person beneficially owns 332,712 shares of Class C common stock in total. The filing notes that these holdings include 13,202 dividend equivalent rights that may only be settled in Class C common stock and are linked to his Restricted Stock Units and Relative Performance Stock Units, aligning his compensation further with shareholder interests.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Cornelius Craig

(Last) (First) (Middle)

CLEARWAY ENERGY, INC.

300 CARNEGIE CENTER, SUITE 300

(Street)

PRINCETON NJ 08540

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Clearway Energy, Inc. [ CWEN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
12/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class C Common Stock, par value $.01 per share	12/01/2025		A		2,607	A	(1)	332,712(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents dividend equivalent rights accrued on the Reporting Person's Restricted Stock Units ("RSUs") and Relative Performance Stock Units ("RPSUs"), which become exercisable proportionately with the RSUs and RPSUs to which they relate and may only be settled in Class C Common Stock of Clearway Energy, Inc. as determined by the RSU or RPSU to which they relate.

2. Includes 13,202 dividend equivalent rights that may only be settled in Class C Common Stock. There has been a de minimus adjustment of 1 share to the number of dividend equivalent rights as a result of rounding fractional shares.

	/s/ Kevin P. Malcarney, Attorney-in-Fact	12/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Clearway Energy (CWEN) report on this Form 4?

The President & CEO of Clearway Energy, Inc. (CWEN), who is also a director, reported acquiring 2,607 shares of Class C common stock on 12/01/2025. The transaction is coded as an acquisition ("A") and reflects additional shares linked to his existing equity awards.

How many Clearway Energy (CWEN) shares does the insider beneficially own after this transaction?

After the reported transaction, the insider beneficially owns 332,712 shares of Clearway Energy Class C common stock. This total includes shares from prior awards and associated dividend equivalent rights.

What are the 2,607 shares acquired by the Clearway Energy (CWEN) insider related to?

The 2,607 Class C shares represent dividend equivalent rights that accrued on the insider’s Restricted Stock Units (RSUs) and Relative Performance Stock Units (RPSUs). These rights become exercisable proportionately with the underlying RSUs and RPSUs and may only be settled in Class C common stock.

What are dividend equivalent rights in the context of Clearway Energy (CWEN) insider awards?

Dividend equivalent rights credited to the insider accumulate in connection with RSUs and RPSUs. According to the disclosure, they become exercisable on the same schedule as the related awards and may only be settled in Class C Common Stock of Clearway Energy, Inc.

How many dividend equivalent rights are included in the Clearway Energy (CWEN) insider’s ownership?

The insider’s beneficial ownership includes 13,202 dividend equivalent rights that may only be settled in Class C common stock. The document notes a de minimis adjustment of 1 share due to rounding of fractional shares.

Was this Clearway Energy (CWEN) Form 4 filed for one reporting person or multiple insiders?

The Form 4 is indicated as being filed by one reporting person. The boxes confirm that it is not a joint filing by more than one reporting person.

What is the insider’s role at Clearway Energy (CWEN) mentioned in this filing?

The reporting person is identified as both a Director and an Officer, serving as President & CEO of Clearway Energy, Inc.