TotalEnergies entities (NYSE: CWEN) report 945-share forfeiture in Clearway Class C stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TotalEnergies-affiliated entities reported an indirect restructuring involving 945 shares of Clearway Energy, Inc. Class C Common Stock. The shares represent restricted stock previously granted by Clearway Energy Group LLC under its Long Term Equity Incentive Program to one or more of its employees and were forfeited.
The securities are held directly by Clearway Energy Group, which is owned through Zephyr and Zephyr GP. TotalEnergies entities hold upstream interests in these entities and may be deemed to beneficially own the reported securities but disclaim beneficial ownership except for their pecuniary interest. Following the transaction, 76,974 Class C shares are reported as indirectly held.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
TotalEnergies SE, TotalEnergies Gestion USA SARL, TotalEnergies Holdings USA, Inc., TotalEnergies Delaware, Inc., TotalEnergies Renewables USA, LLC
Role
null | null | null | null | null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class C Common Stock | 945 | $0.00 | -- |
Holdings After Transaction:
Class C Common Stock — 76,974 shares (Indirect, See footnotes)
Footnotes (1)
- Reflects the forfeiture of shares of restricted stock of Clearway Energy, Inc. previously granted by Clearway Energy Group LLC ("Clearway Energy Group") under its Long Term Equity Incentive Program to one or more of its employees. The securities reported herein are held directly by Clearway Energy Group. GIP III Zephyr Acquisition Partners, L.P. ("Zephyr") is the sole member of Clearway Energy Group. Zephyr Holdings GP, LLC ("Zephyr GP") is the general partner of Zephyr. TotalEnergies Renewables USA, LLC holds 50% of the equity interests in Zephyr GP. TotalEnergies Holdings USA, Inc. is the sole shareholder of TotalEnergies Delaware, Inc., which is the sole member of TotalEnergies Renewables USA, LLC. TotalEnergies Gestion USA SARL, which is a direct wholly owned subsidiary of TotalEnergies SE, is the sole shareholder of TotalEnergies Holdings USA, Inc. Each of the foregoing entities is a "Reporting Person" and may be deemed to beneficially own the securities reported herein; however, each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. Solely for purposes of Section 16 of the Exchange Act, each Reporting Person may be deemed a "director by deputization".
Key Figures
Restricted shares forfeited: 945 shares
Shares after transaction: 76,974 shares
Restructuring shares: 945 shares
+2 more
5 metrics
Restricted shares forfeited
945 shares
Class C Common Stock restructuring
Shares after transaction
76,974 shares
Class C Common Stock indirectly held following restructuring
Restructuring shares
945 shares
Classified as restructuring in transaction summary
Transaction code
J
Other acquisition or disposition
Restructuring transactions
1 transaction
RestructuringCount in transactionSummary
Key Terms
restricted stock, Long Term Equity Incentive Program, beneficial ownership, pecuniary interest, +1 more
5 terms
restricted stock financial
"Reflects the forfeiture of shares of restricted stock of Clearway Energy, Inc."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Long Term Equity Incentive Program financial
"previously granted by Clearway Energy Group LLC under its Long Term Equity Incentive Program"
beneficial ownership regulatory
"may be deemed to beneficially own the securities reported herein; however, each Reporting Person disclaims beneficial ownership"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein"
director by deputization regulatory
"Solely for purposes of Section 16 of the Exchange Act, each Reporting Person may be deemed a "director by deputization""
FAQ
Who directly holds the Clearway Energy (CWEN) securities referenced in this transaction?
The securities are held directly by Clearway Energy Group LLC. It is wholly owned by Zephyr, whose general partner is Zephyr GP, with upstream ownership interests held by various TotalEnergies-related entities that may be deemed to beneficially own the reported securities.
How are TotalEnergies entities connected to the Clearway Energy (CWEN) holdings?
TotalEnergies Renewables USA, LLC holds 50% of Zephyr GP’s equity interests, with additional ownership links through TotalEnergies Delaware, Inc., TotalEnergies Holdings USA, Inc., and TotalEnergies Gestion USA SARL. Each may be deemed a reporting person and a director by deputization for these holdings.