Director adds 867 Clearway Energy (NYSE: CWEN) Class C shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Clearway Energy director ONEAL E STANLEY acquired 867 shares of Class C Common Stock through a grant tied to dividend equivalent rights. The shares were awarded at no cash cost and are linked to the director’s Deferred Stock Units. After this transaction, the director directly owns 82,647 Class C shares, including 14,573 dividend equivalent rights that may only be settled in Class C stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
ONEAL E STANLEY
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class C Common Stock, par value $.01 per share | 867 | $0.00 | -- |
Holdings After Transaction:
Class C Common Stock, par value $.01 per share — 82,647 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 14,573 dividend equivalent rights that may only be settled in Class C Common Stock.
FAQ
What did Clearway Energy (CWEN) director ONEAL E STANLEY report in this Form 4?
Director ONEAL E STANLEY reported an award of 867 Class C Common Stock shares. These shares were granted as dividend equivalent rights on Deferred Stock Units and involved no cash purchase, increasing his total direct Class C holdings to 82,647 shares.
What are dividend equivalent rights in this Clearway Energy Form 4 filing?
Dividend equivalent rights in this filing are units that accrue on Deferred Stock Units and mirror dividends on underlying shares. They become exercisable in step with the related Deferred Stock Units and may only be settled in Clearway Energy Class C Common Stock.