STOCK TITAN

[Form 4] Clearway Energy, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Clearway Energy director Daniel B. More reported an acquisition of company stock tied to deferred compensation. The Form 4 shows 975 Class C common shares were acquired as dividend equivalent rights on deferred stock units, increasing his beneficial ownership to 63,727 shares. The filing notes that 13,020 of those shares are dividend equivalent rights that may only be settled in Class C common stock. The report was filed as an individual Form 4 and identifies the reporting person as a company director.

Daniel B. More, direttore di Clearway Energy, ha comunicato l'acquisto di azioni della società collegato a compensi differiti. Il Modulo 4 indica che sono state acquisite 975 azioni ordinarie di classe C come diritti equivalenti ai dividendi su unità azionarie differite, portando la sua partecipazione beneficiaria a 63.727 azioni. La dichiarazione precisa che 13.020 di queste azioni sono diritti equivalenti ai dividendi che possono essere liquidati esclusivamente in azioni ordinarie di classe C. La comunicazione è stata presentata come Modulo 4 individuale e identifica la persona che effettua la segnalazione come direttore della società.

Daniel B. More, director de Clearway Energy, informó la adquisición de acciones de la compañía vinculada a remuneración diferida. El Formulario 4 muestra que se adquirieron 975 acciones ordinarias Clase C como derechos equivalentes a dividendos sobre unidades de acciones diferidas, lo que aumenta su propiedad beneficiaria a 63.727 acciones. La presentación señala que 13.020 de esas acciones son derechos equivalentes a dividendos que solo pueden liquidarse en acciones ordinarias Clase C. El informe se presentó como un Formulario 4 individual y identifica a la persona informante como director de la compañía.

Clearway Energy의 이사 Daniel B. More는 이연 보상과 관련된 자사 주식 취득을 보고했습니다. Form 4에는 이연 주식 단위에 대한 배당 등가권으로서 975주의 클래스 C 보통주를 취득하여 그의 실질 보유가 63,727주로 증가했다고 기재되어 있습니다. 제출서에는 그 중 13,020주가 오직 클래스 C 보통주로만 정산될 수 있는 배당 등가권임이 명시되어 있습니다. 해당 보고서는 개인용 Form 4로 제출되었으며 보고자를 회사 이사로 식별하고 있습니다.

Daniel B. More, administrateur de Clearway Energy, a déclaré l'acquisition d'actions de la société liée à une rémunération différée. Le formulaire 4 indique que 975 actions ordinaires de classe C ont été acquises en tant que droits équivalents de dividende sur des unités d'actions différées, portant sa participation bénéficiaire à 63 727 actions. Le dossier précise que 13 020 de ces actions sont des droits équivalents de dividende qui ne peuvent être réglés que par des actions ordinaires de classe C. Le rapport a été déposé en tant que formulaire 4 individuel et identifie la personne déclarante comme administrateur de la société.

Daniel B. More, Direktor von Clearway Energy, meldete den Erwerb von Unternehmensaktien im Zusammenhang mit aufgeschobener Vergütung. In Formular 4 ist verzeichnet, dass 975 Stammaktien der Klasse C als Dividendenäquivalenzrechte auf aufgeschobene Aktieneinheiten erworben wurden, wodurch sein wirtschaftlicher Besitz auf 63.727 Aktien anstieg. Die Meldung weist darauf hin, dass 13.020 dieser Aktien Dividendenäquivalenzrechte sind, die nur in Klasse-C-Stammaktien ausgeglichen werden können. Der Bericht wurde als individuelles Formular 4 eingereicht und benennt die meldende Person als Direktor des Unternehmens.

Positive
  • Insider acquired 975 Class C shares as dividend equivalents on deferred stock units, which increases reported insider ownership
  • Total beneficial ownership disclosed as 63,727 shares, improving transparency
  • 13,020 dividend equivalent rights are explicitly identified as only settleable in Class C common stock
Negative
  • None.

Insights

TL;DR: Routine insider acquisition via deferred compensation, limited direct market impact.

This Form 4 documents a non-open-market acquisition mechanism: 975 shares credited as dividend equivalents on deferred stock units rather than a cash purchase. Such transactions typically reflect compensation settlement mechanics and do not signal active buying pressure. The increase to 63,727 shares, including 13,020 dividend-equivalent shares restricted to settlement in Class C common stock, is a disclosure of ownership change without indication of material strategic shift.

TL;DR: Disclosure aligns with Section 16 rules; transaction appears administrative and standard for director compensation.

The report indicates compliance with reporting obligations for a director receiving equity-based compensation. The transaction code and explanation clarify these are dividend equivalents tied to deferred stock units and exercisable proportionately with those units. From a governance perspective, this is a routine compensation settlement and provides transparency on insider holdings.

Daniel B. More, direttore di Clearway Energy, ha comunicato l'acquisto di azioni della società collegato a compensi differiti. Il Modulo 4 indica che sono state acquisite 975 azioni ordinarie di classe C come diritti equivalenti ai dividendi su unità azionarie differite, portando la sua partecipazione beneficiaria a 63.727 azioni. La dichiarazione precisa che 13.020 di queste azioni sono diritti equivalenti ai dividendi che possono essere liquidati esclusivamente in azioni ordinarie di classe C. La comunicazione è stata presentata come Modulo 4 individuale e identifica la persona che effettua la segnalazione come direttore della società.

Daniel B. More, director de Clearway Energy, informó la adquisición de acciones de la compañía vinculada a remuneración diferida. El Formulario 4 muestra que se adquirieron 975 acciones ordinarias Clase C como derechos equivalentes a dividendos sobre unidades de acciones diferidas, lo que aumenta su propiedad beneficiaria a 63.727 acciones. La presentación señala que 13.020 de esas acciones son derechos equivalentes a dividendos que solo pueden liquidarse en acciones ordinarias Clase C. El informe se presentó como un Formulario 4 individual y identifica a la persona informante como director de la compañía.

Clearway Energy의 이사 Daniel B. More는 이연 보상과 관련된 자사 주식 취득을 보고했습니다. Form 4에는 이연 주식 단위에 대한 배당 등가권으로서 975주의 클래스 C 보통주를 취득하여 그의 실질 보유가 63,727주로 증가했다고 기재되어 있습니다. 제출서에는 그 중 13,020주가 오직 클래스 C 보통주로만 정산될 수 있는 배당 등가권임이 명시되어 있습니다. 해당 보고서는 개인용 Form 4로 제출되었으며 보고자를 회사 이사로 식별하고 있습니다.

Daniel B. More, administrateur de Clearway Energy, a déclaré l'acquisition d'actions de la société liée à une rémunération différée. Le formulaire 4 indique que 975 actions ordinaires de classe C ont été acquises en tant que droits équivalents de dividende sur des unités d'actions différées, portant sa participation bénéficiaire à 63 727 actions. Le dossier précise que 13 020 de ces actions sont des droits équivalents de dividende qui ne peuvent être réglés que par des actions ordinaires de classe C. Le rapport a été déposé en tant que formulaire 4 individuel et identifie la personne déclarante comme administrateur de la société.

Daniel B. More, Direktor von Clearway Energy, meldete den Erwerb von Unternehmensaktien im Zusammenhang mit aufgeschobener Vergütung. In Formular 4 ist verzeichnet, dass 975 Stammaktien der Klasse C als Dividendenäquivalenzrechte auf aufgeschobene Aktieneinheiten erworben wurden, wodurch sein wirtschaftlicher Besitz auf 63.727 Aktien anstieg. Die Meldung weist darauf hin, dass 13.020 dieser Aktien Dividendenäquivalenzrechte sind, die nur in Klasse-C-Stammaktien ausgeglichen werden können. Der Bericht wurde als individuelles Formular 4 eingereicht und benennt die meldende Person als Direktor des Unternehmens.

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
Estimated average burden
hours per response: 0.5
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*
More Daniel B.

(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 975 A (1) 63,727(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 13,020 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 Clearway Energy director Daniel B. More report on Form 4 (CWEN)?

The Form 4 reports an acquisition of 975 Class C common shares as dividend equivalent rights on deferred stock units.

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

The filing discloses 63,727 shares beneficially owned following the reported transaction.

Are any of the reported shares restricted or settlement-limited?

Yes, the filing states 13,020 dividend equivalent rights may only be settled in Class C common stock.

Was the Form 4 filed by one reporting person or multiple?

The document indicates the form was filed by one reporting person (individual filing).

What is the relationship of the reporting person to Clearway Energy (CWEN)?

The filing identifies the reporting person as a director of Clearway Energy, Inc.
Clearway Energy

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Utilities - Renewable
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United States
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