Clearway Energy (NYSE: CWEN) CEO granted 2,535 Class C shares in award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Clearway Energy, Inc. President & CEO Cornelius Craig acquired 2,535 shares of Class C common stock on a grant or award basis at a price of $0.00 per share. Following this award, he directly holds 335,247 Class C shares, including 15,737 dividend equivalent rights that can only be settled in Class C stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cornelius Craig
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class C Common Stock, par value $.01 per share | 2,535 | $0.00 | -- |
Holdings After Transaction:
Class C Common Stock, par value $.01 per share — 335,247 shares (Direct)
Footnotes (1)
- Represents dividend equivalent rights accrued on the Reporting Person's Restricted Stock Units ("RSUs") and Relative Performance Stock Units ("RPSUs"), which become exercisable proportionately with the RSUs and RPSUs to which they relate and may only be settled in Class C Common Stock of Clearway Energy, Inc. as determined by the RSU or RPSU to which they relate. Includes 15,737 dividend equivalent rights that may only be settled in Class C Common Stock.
FAQ
What did Clearway Energy (CWEN) CEO Cornelius Craig report on this Form 4?
Cornelius Craig reported an acquisition of shares through an award. He received 2,535 shares of Class C common stock as a grant or award, rather than an open‑market purchase, and the transaction was reported as a non‑derivative acquisition at no cash cost.
What is Cornelius Craig’s total direct holding in Clearway Energy (CWEN) after this transaction?
After the award, Cornelius Craig directly holds 335,247 Class C shares. This figure includes 15,737 dividend equivalent rights that may only be settled in Class C common stock, tied to his outstanding restricted and performance stock unit awards.
What are the dividend equivalent rights mentioned in the Clearway Energy (CWEN) Form 4?
Dividend equivalent rights mirror dividends on underlying stock units. In this case, they accrue on the CEO’s RSUs and RPSUs, vest proportionately with those units, and may only be settled in Class C common stock of Clearway Energy, rather than in cash.