Director at Clearway Energy (NYSE: CWEN) awarded 780 stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Clearway Energy, Inc. director Daniel B. More reported an acquisition of 780 dividend equivalent rights tied to Deferred Stock Units, which may be settled in Class C Common Stock. Following this grant, he directly holds 65,329 shares of Class C Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
More Daniel B.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class C Common Stock, par value $.01 per share | 780 | $0.00 | -- |
Holdings After Transaction:
Class C Common Stock, par value $.01 per share — 65,329 shares (Direct)
Footnotes (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. Includes 14,622 dividend equivalent rights that may only be settled in Class C Common Stock.
FAQ
What insider transaction did Clearway Energy (CWEN) report in this Form 4?
The Form 4 reports that director Daniel B. More acquired 780 dividend equivalent rights tied to Deferred Stock Units. These rights may be settled in Class C Common Stock of Clearway Energy, Inc. and were received as a grant or award, not an open-market purchase.
Who is the reporting person in the Clearway Energy (CWEN) Form 4 filing?
The reporting person is Daniel B. More, a director of Clearway Energy, Inc.. He filed a Form 4 to report an acquisition of dividend equivalent rights related to his Deferred Stock Units, which are linked to the company’s Class C Common Stock.
What are the dividend equivalent rights mentioned in the Clearway Energy (CWEN) Form 4?
The filing explains that the dividend equivalent rights represent amounts accrued on the director’s Deferred Stock Units. These rights become exercisable proportionately with those units and may only be settled in Clearway Energy’s Class C Common Stock, mirroring dividends paid on the underlying shares.
Was the Clearway Energy (CWEN) Form 4 transaction a stock purchase or an award?
The transaction is classified as a grant, award, or other acquisition under code A, not a market purchase. Director Daniel B. More received 780 dividend equivalent rights tied to Deferred Stock Units at a reported price of $0.0000 per share.