Clearway Energy (CWEN) Director Reports 1,084-Share Acquisition via Dividend Rights

Rhea-AI Filing Summary

Clearway Energy director Oneal E. Stanley acquired 1,084 shares of Class C Common Stock on 09/02/2025 through dividend equivalent rights tied to Deferred Stock Units. After the transaction Mr. Stanley beneficially owned 80,867 shares, which explicitly includes 12,793 dividend equivalent rights that can only be settled in Class C Common Stock. The Form 4 was filed as an individual filing and signed on behalf of the reporting person by an attorney-in-fact on 09/04/2025.

Positive

• Director acquired 1,084 Class C shares via dividend equivalent rights, increasing insider alignment with shareholders
• Total beneficial ownership reported as 80,867 shares, providing transparency on insider holdings

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director received dividend-equivalent shares, modestly increasing insider ownership without change in board role or control.

The filing documents a non-derivative acquisition of 1,084 Class C shares via accrued dividend equivalent rights tied to Deferred Stock Units. This is a standard settlement mechanism for long-term incentive awards and indicates continued alignment of the director with shareholder value through equity settlement. The filing shows 80,867 shares beneficially owned in total, including 12,793 dividend equivalent rights, and does not report any dispositions or changes in reporting status.

Securities Analyst

TL;DR: Small-scale insider acquisition recorded; immaterial to capitalization but relevant for transparency and insider activity monitoring.

The transaction code indicates an acquisition on 09/02/2025 of 1,084 Class C shares. The disclosure is routine and complies with Section 16 reporting. From a market-impact perspective the size is minor relative to public float, and the form provides clear tabulation of shares owned following the trade (80,867), including 12,793 dividend-equivalent rights that settle in Class C stock.

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

OMB APPROVAL

OMB Number:			3235-0287
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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^*

ONEAL E STANLEY

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025

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	09/02/2025		A		1,084	A	(1)	80,867(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 Deferred Stock Units, which become exercisable proportionately with the Deferred Stock Units to which they relate and may only be settled in Class C Common Stock of Clearway Energy, Inc.

2. Includes 12,793 dividend equivalent rights that may only be settled in Class C Common Stock.

	/s/ Kevin P. Malcarney, Attorney-in-Fact	09/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Oneal E. Stanley report on Form 4 for CWEN?

The Form 4 reports an acquisition on 09/02/2025 of 1,084 Class C Common Stock shares via dividend equivalent rights related to Deferred Stock Units.

How many shares does the reporting person beneficially own after the transaction?

Following the reported transaction the reporting person beneficially owned 80,867 shares in total, which includes 12,793 dividend equivalent rights.

What is the nature of the acquired securities?

The acquired securities are Class C Common Stock settled as dividend equivalent rights that may only be settled in Class C Common Stock.

Was the Form 4 filed individually or jointly?

The form indicates it was filed by one reporting person (individual filing).

Who signed the Form 4 and when?

The Form 4 was signed by Kevin P. Malcarney, Attorney-in-Fact on 09/04/2025 on behalf of the reporting person.