Clearway Energy director holdings move to Class C
Clearway Energy, Inc. director Brian R. Ford reported a reclassification of his holdings due to an automatic share conversion.
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Form Type
4
Rhea-AI Filing Summary
Clearway Energy, Inc. director Brian R. Ford reported a reclassification of his holdings due to an automatic share conversion. On the effective date, 8,785 shares of Class A common stock converted into 8,785 shares of Class C common stock under an amended Certificate of Incorporation, in a transaction exempt under SEC Rule 16b-7. After the conversion, he directly holds 97,916 shares of Class C common stock, including 4,547 deferred stock units and 4,238 dividend equivalent rights that are now also settled only in Class C shares.
Insider Trade Summary
Other: 17,570 shares
Other
2 txns
Insider
Ford Brian R.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock, par value $.01 per share | 8,785 | $0.00 | $0.00 |
| Other | Class C Common Stock, par value $.01 per share | 8,785 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock, par value $.01 per share — 0 shares (Direct);
Class C Common Stock, par value $.01 per share — 97,916 shares (Direct)
Footnotes (3)
- F1. Reflects the automatic conversion on May 1, 2026 of each outstanding share of Clearway Energy, Inc. Class A common stock into one share of Clearway Energy, Inc. Class C common stock pursuant to an amendment and restatement of the Certificate of Incorporation of Clearway Energy, Inc. filed on April 29, 2026 (the "Class A Conversion"). The Class A Conversion is an exempt transaction pursuant to SEC Rule 16b-7.
- F2. Upon the Class A Conversion, the Reporting Person's 4,547 deferred stock units ("DSUs") and 4,238 dividend equivalent rights ("DERs"), which previously could only be settled in shares of Clearway Energy, Inc. Class A common stock, converted into 4,547 DSUs and 4,238 DERs that may only be settled in shares of Clearway Energy, Inc. Class C common stock.
- F3. Includes 4,547 DSUs and 4,238 DERs that may only be settled in shares of Clearway Energy, Inc. Class C common stock.
Key Figures
Class A shares converted: 8,785 shares
Class C shares received: 8,785 shares
Shares held after transaction: 97,916 shares
+3 more
6 metrics
Class A shares converted
8,785 shares
Automatic Class A to Class C conversion on May 1, 2026
Class C shares received
8,785 shares
Result of one-for-one Class A conversion
Shares held after transaction
97,916 shares
Director’s direct Class C holdings following conversion
Deferred stock units
4,547 DSUs
DSUs now settle only in Class C common stock
Dividend equivalent rights
4,238 DERs
DERs now settle only in Class C common stock
Restructuring shares
17,570 shares
Total shares involved in J-code restructuring transactions
Key Terms
Class A common stock, Class C common stock, deferred stock units ("DSUs"), dividend equivalent rights ("DERs"), +2 more
6 terms
Class A common stock financial
"conversion on May 1, 2026 of each outstanding share of Clearway Energy, Inc. Class A common stock into one share"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Class C common stock financial
"into one share of Clearway Energy, Inc. Class C common stock pursuant to an amendment"
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.
deferred stock units ("DSUs") financial
"the Reporting Person's 4,547 deferred stock units ("DSUs") and 4,238 dividend equivalent rights"
dividend equivalent rights ("DERs") financial
"4,547 deferred stock units ("DSUs") and 4,238 dividend equivalent rights ("DERs"), which previously could only be settled"
SEC Rule 16b-7 regulatory
"The Class A Conversion is an exempt transaction pursuant to SEC Rule 16b-7."
Certificate of Incorporation regulatory
"pursuant to an amendment and restatement of the Certificate of Incorporation of Clearway Energy, Inc."
A certificate of incorporation is an official government document that creates a corporation and records key facts such as its legal name, basic governance structure, and stock authorization—think of it as a company's birth certificate plus its basic rulebook. Investors care because it establishes the company’s legal existence, limits owners’ personal liability, and sets the framework for issuing shares and enforcing shareholder rights, which affects ownership, control and the company’s ability to raise capital.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Clearway Energy (CWEN) report for Brian R. Ford?
Clearway Energy director Brian R. Ford reported an automatic conversion of 8,785 shares of Class A common stock into 8,785 shares of Class C common stock. This was a corporate reclassification, not an open-market buy or sell, and used SEC code J for other transactions.
Was Brian R. Ford’s Clearway Energy (CWEN) transaction a purchase or sale?
No. The transaction used code J, labeled as an other acquisition or disposition, tied to an automatic Class A to Class C conversion. It did not involve an open-market purchase or sale and carried a reported price of zero dollars per share in the filing.
How were deferred stock units and dividend equivalent rights affected at Clearway Energy (CWEN)?
Upon the Class A conversion, Brian R. Ford’s 4,547 deferred stock units and 4,238 dividend equivalent rights, previously settled only in Class A shares, were converted so they now may only be settled in Clearway Energy Class C common stock, aligning them with the new share class.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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