TotalEnergies entities (NYSE: CWEN) report 945-share forfeiture in Clearway Class C stock
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
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class C Common Stock | 945 | $0.00 | $0.00 |
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. 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
Key Terms
restricted stock financial
Long Term Equity Incentive Program financial
beneficial ownership regulatory
pecuniary interest financial
director by deputization regulatory
FAQ
Who directly holds the Clearway Energy (CWEN) securities referenced in this transaction?
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