Clearway Energy (CWEN) insider reports 304-share dividend-equivalent acquisition

Rhea-AI Filing Summary

Clearway Energy (CWEN) director Jennifer Elaine Lowry reported a purchase of 304 shares of Class C Common Stock on 09/02/2025. The filing states these 304 shares represent dividend equivalent rights accrued on Deferred Stock Units and that such rights can only be settled in Class C Common Stock. After the transaction the reporting person beneficially owned 20,719 shares, which includes 2,127 dividend equivalent rights. The Form 4 was signed by an attorney-in-fact on 09/04/2025.

Positive

• Director-level disclosure: Transaction was reported on Form 4, demonstrating compliance with Section 16 filing requirements.
• Clear description: The filing explicitly states the 304 shares are dividend equivalent rights tied to Deferred Stock Units and settlement is limited to Class C Common Stock.

Negative

• None.

Insights

Financial Analyst

TL;DR: A director acquired a small number of shares via dividend equivalents; transaction appears routine and non-material.

The 304-share acquisition is described as dividend equivalent rights tied to Deferred Stock Units and settled only in Class C common shares. This is a compensation-related issuance rather than an open-market purchase, so it does not represent a discretionary insider purchase signal. The post-transaction beneficial ownership of 20,719 shares is modest relative to typical institutional positions, indicating limited direct impact on the equity register or market perception.

Corporate Governance Expert

TL;DR: Filing documents routine settlement of compensation-related dividend equivalents by a director; disclosure meets Section 16 requirements.

The Form 4 discloses a director-level recipient of dividend equivalent rights that vest/settle alongside Deferred Stock Units and are restricted to Class C Common Stock settlement. The reporting is timely and includes an attorney-in-fact signature, indicating proper execution. There are no departures, option exercises, or other governance concerns noted in this filing.

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

OMB APPROVAL

OMB Number:			3235-0287
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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^*

Lowry Jennifer Elaine

(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)
09/02/2025

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 C Common Stock, par value $.01 per share	09/02/2025		A		304	A	(1)	20,719(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)
				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 C Common Stock of Clearway Energy, Inc.

2. Includes 2,127 dividend equivalent rights that may only be settled in Class C Common Stock.

	/s/ Kevin P. Malcarney, Attorney-in-Fact	09/04/2025
	** Signature of Reporting Person	Date
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.

FAQ

What transaction did Jennifer Elaine Lowry report for CWEN?

She reported the acquisition of 304 Class C Common Stock shares representing dividend equivalent rights on 09/02/2025.

How many CWEN shares does the reporting person beneficially own after the transaction?

The filing shows beneficial ownership of 20,719 shares following the reported transaction, including 2,127 dividend equivalent rights.

Are the acquired shares from open-market purchases or compensation?

The 304 shares are described as dividend equivalent rights accrued on Deferred Stock Units, indicating a compensation-related settlement, not an open-market trade.

When was the Form 4 signed and by whom?

The form bears the signature of Kevin P. Malcarney, Attorney-in-Fact dated 09/04/2025.

Does the filing indicate any derivative transactions or option exercises?

No. Table II (derivative securities) contains no reported derivative transactions in this filing.