Clearway Energy (CWEN) director discloses Class A and C dividend-equivalent rights on Form 4

Rhea-AI Filing Summary

Clearway Energy, Inc. director reported routine equity accruals tied to existing deferred stock units. On 12/01/2025, the reporting person acquired 118 shares of Class A Common Stock and 1,118 shares of Class C Common Stock, described as dividend equivalent rights that vest in step with the related deferred stock units and may only be settled in Class A or Class C shares, as applicable.

Following these transactions, the reporting person beneficially owned 8,674 shares of Class A Common Stock, which include 4,127 dividend equivalent rights, and 88,067 shares of Class C Common Stock, which include 25,275 dividend equivalent rights. The filing notes small two-share rounding adjustments to each set of dividend equivalent rights.

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^*

Ford Brian R.

(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)
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 A Common Stock, par value $.01 per share	12/01/2025		A		118	A	(1)	8,674(2)	D
Class C Common Stock, par value $.01 per share	12/01/2025		A		1,118	A	(1)	88,067(3)	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 A or Class C Common Stock of Clearway Energy, Inc. as determined by the Deferred Stock Units to which they relate.

2. Includes 4,127 dividend equivalent rights that may only be settled in Class A Common Stock. There has been a de minimus adjustment of 2 shares to the number of dividend equivalent rights as a result of rounding fractional shares.

3. Includes 25,275 dividend equivalent rights that may only be settled in Class C Common Stock. There has been a de minimus adjustment of 2 shares 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 December 1, 2025?

On 12/01/2025, a director of Clearway Energy, Inc. reported acquiring 118 shares of Class A Common Stock and 1,118 shares of Class C Common Stock in the form of dividend equivalent rights tied to existing deferred stock units.

How many Clearway Energy (CWEN) Class A shares does the reporting person now beneficially own?

After the reported transaction, the director beneficially owned 8,674 shares of Class A Common Stock, which includes 4,127 dividend equivalent rights that may only be settled in Class A shares.

How many Clearway Energy (CWEN) Class C shares does the reporting person now beneficially own?

The director beneficially owned 88,067 shares of Class C Common Stock after the transaction, including 25,275 dividend equivalent rights that may only be settled in Class C shares.

What are the dividend equivalent rights reported for Clearway Energy (CWEN)?

The filing explains that the dividend equivalent rights accrued on the director's deferred stock units, become exercisable proportionately with those units, and may only be settled in Class A or Class C Common Stock depending on the related deferred stock units.

Were there any adjustments mentioned to Clearway Energy (CWEN) dividend equivalent rights?

Yes. The filing notes a de minimis adjustment of 2 shares to both the Class A and Class C dividend equivalent rights due to rounding of fractional shares.

Is this Clearway Energy (CWEN) Form 4 filed by more than one reporting person?

No. The disclosure states that the Form 4 is filed by one reporting person, who serves as a director of Clearway Energy, Inc.