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Clearway Energy (CWEN) CEO granted 3,413 Class C shares in award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Cornelius Craig reported acquisition or exercise transactions in this Form 4 filing.

Clearway Energy, Inc. reported that President and CEO Cornelius Craig received a grant of 3,413 shares of Class C Common Stock. These shares represent dividend equivalent rights accrued on his Restricted Stock Units (RSUs) and Relative Performance Stock Units (RPSUs), which are settled in Class C stock. Following this award, he directly holds 365,271 Class C shares, including 19,150 dividend equivalent rights that may only be settled in Class C Common Stock.

Positive

  • None.

Negative

  • None.
Insider Cornelius Craig
Role President & CEO
Type Security Shares Price Value
Grant/Award Class C Common Stock, par value $.01 per share 3,413 $0.00 --
Holdings After Transaction: Class C Common Stock, par value $.01 per share — 365,271 shares (Direct, null)
Footnotes (1)
  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. Includes 19,150 dividend equivalent rights that may only be settled in Class C Common Stock.
Shares granted 3,413 shares Class C Common Stock grant on 2026-06-01
Shares held after transaction 365,271 shares Class C Common Stock directly held by CEO after award
Dividend equivalent rights 19,150 rights Rights that may only be settled in Class C Common Stock
dividend equivalent rights financial
"Represents dividend equivalent rights accrued on the Reporting Person's Restricted Stock Units ("RSUs") and Relative Performance Stock Units ("RPSUs")"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
Restricted Stock Units ("RSUs") financial
"Represents dividend equivalent rights accrued on the Reporting Person's Restricted Stock Units ("RSUs") and Relative Performance Stock Units ("RPSUs")"
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.
Relative Performance Stock Units ("RPSUs") financial
"Represents dividend equivalent rights accrued on the Reporting Person's Restricted Stock Units ("RSUs") and Relative Performance Stock Units ("RPSUs")"
Class C Common Stock financial
"may only be settled in 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.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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
Estimated average burden
hours per response:0.5
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 NEW JERSEY 08540
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Clearway Energy, Inc. [ CWEN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
President & CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Class C Common Stock, par value $.01 per share06/01/2026A3,413A(1)365,271(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 19,150 dividend equivalent rights that may only be settled in Class C Common Stock.
/s/ Michael A. Brown, Attorney-in-Fact06/03/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Clearway Energy (CWEN) disclose for Cornelius Craig?

Clearway Energy disclosed that President and CEO Cornelius Craig received a grant of 3,413 Class C Common shares. The award reflects dividend equivalent rights accrued on his RSUs and RPSUs, increasing his direct Class C holdings to 365,271 shares after the transaction.

How many Clearway Energy (CWEN) shares does the CEO hold after this Form 4?

After the reported grant, CEO Cornelius Craig directly holds 365,271 shares of Clearway Energy Class C Common Stock. This total includes 19,150 dividend equivalent rights that, according to the filing, may only be settled in Class C Common Stock of Clearway Energy.

Was the Clearway Energy (CWEN) CEO transaction an open-market buy or a grant?

The transaction was a grant or award acquisition, not an open-market purchase. The Form 4 classifies it under code A, representing dividend equivalent rights accrued on RSUs and RPSUs that are settled in Class C Common Stock rather than shares bought in the market.

What are dividend equivalent rights in the Clearway Energy (CWEN) CEO award?

Dividend equivalent rights in this context are rights accrued on the CEO’s RSUs and RPSUs. The filing states these rights become exercisable proportionately with the related RSUs and RPSUs and may only be settled in Class C Common Stock of Clearway Energy, Inc.

How many dividend equivalent rights are referenced in the Clearway Energy (CWEN) filing?

The filing notes that the CEO’s holdings include 19,150 dividend equivalent rights. These rights, according to the disclosure, may only be settled in Class C Common Stock and are tied to the underlying RSUs and RPSUs awarded to the reporting person.