TotalEnergies affiliates report 438-share CWEN stock forfeiture
Clearway Energy, Inc. insider affiliates of TotalEnergies reported an internal equity adjustment involving restricted stock.
Rhea-AI Filing Summary
Clearway Energy, Inc. insider affiliates of TotalEnergies reported an internal equity adjustment involving restricted stock. An entity in their ownership chain, Clearway Energy Group LLC, forfeited 438 shares of Class C common stock previously granted as restricted stock to one or more of its employees under its Long Term Equity Incentive Program.
The 438-share change is reported as an indirect holding, with 76,029 shares of Class C common stock shown as indirectly held after the transaction. The reporting entities, which include several TotalEnergies companies, state that the securities are held directly by Clearway Energy Group and that each reporting person may be deemed to beneficially own them only to the extent of its pecuniary interest, while otherwise disclaiming beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class C Common Stock | 438 | $0.00 | $0.00 |
Footnotes (3)
- F1. Reflects the forfeiture of shares of restricted stock of Clearway Energy, Inc. previously granted by Clearway Energy Group LLC ("Clearway Energy Group") under its Long Term Equity Incentive Program to one or more of its employees.
- F2. The securities reported herein are held directly by Clearway Energy Group. GIP III Zephyr Acquisition Partners, L.P. ("Zephyr") is the sole member of Clearway Energy Group. Zephyr Holdings GP, LLC ("Zephyr GP") is the general partner of Zephyr.
- F3. 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, which is a direct wholly owned subsidiary of TotalEnergies SE, is the sole shareholder of TotalEnergies Holdings USA, Inc. Each of the foregoing entities is a "Reporting Person" and may be deemed to beneficially own the securities reported herein; however, each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. Solely for purposes of Section 16 of the Exchange Act, each Reporting Person may be deemed a "director by deputization".
Key Figures
Key Terms
restricted stock financial
Long Term Equity Incentive Program financial
pecuniary interest financial
director by deputization regulatory
FAQ
What insider transaction did Clearway Energy (CWEN) report in this Form 4?
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