Clearway Energy (NYSE: CWEN) director granted Deferred Stock Units and dividend rights
Rhea-AI Filing Summary
ONEAL E STANLEY reported acquisition or exercise transactions in this Form 4 filing.
Clearway Energy, Inc. director Stanley E. Oneal reported equity awards tied to his board service. He received 6,692 Deferred Stock Units and 919 dividend equivalent rights, each equivalent to one share of Class C Common Stock. Following these awards, he directly holds 90,258 Class C shares and related units.
Positive
- None.
Negative
- None.
Insights
Routine equity compensation awards, no open-market trading signal.
Director Stanley E. Oneal acquired equity in Clearway Energy, Inc. through compensation-related grants, not market purchases. The awards consist of 6,692 Deferred Stock Units and 919 dividend equivalent rights, all tied to Class C Common Stock and his board service.
These Deferred Stock Units convert one-for-one into Class C shares when his board service ends or upon a change in control, aligning his incentives with shareholders. Dividend equivalent rights mirror dividends on the underlying units and are also settled in Class C stock.
After these awards, he holds 90,258 Class C shares and units directly, indicating the transactions are modest, ongoing compensation rather than a discretionary buy or sell decision. As there is no open-market activity, the informational value for short-term sentiment is limited.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class C Common Stock, par value $.01 per share | 6,692 | $0.00 | -- |
| Grant/Award | Class C Common Stock, par value $.01 per share | 919 | $0.00 | -- |
Footnotes (1)
- Represents 6,692 Deferred Stock Units issued to the Reporting Person by Clearway Energy, Inc. under Clearway Energy, Inc.'s Amended and Restated 2013 Equity Incentive Plan. Each Deferred Stock Unit is equivalent to one share of Clearway Energy, Inc.'s Class C Common Stock, par value $.01 per share. The reporting person will receive from Clearway Energy, Inc. one such share of Class C Common Stock for each Deferred Stock Unit he owns upon termination of his service on Clearway Energy, Inc.'s Board of Directors or change in ownership or effective control of Clearway Energy, Inc. 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 15,493 dividend equivalent rights that may only be settled in Class C Common Stock.