Equity awards adjusted at Clearway Energy (NYSE: CWEN) for taxes, forfeiture
Rhea-AI Filing Summary
Clearway Energy, Inc. reported two insider equity adjustments involving Class C common stock linked to its Long Term Equity Incentive Program. One transaction for 129 shares at a price of 39.6100 per share reflects shares withheld to cover tax obligations when restricted stock vested for one or more employees.
A separate transaction for 875 shares at a price of 0.0000 per share reflects the forfeiture of restricted stock previously granted to one or more employees. The securities are held directly by Clearway Energy Group LLC, which is owned through a chain of entities including Zephyr, Zephyr GP and several TotalEnergies-affiliated reporting persons that may be deemed beneficial owners but disclaim beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class C Common Stock | 129 | $39.61 | $5K |
| Other | Class C Common Stock | 875 | $0.00 | -- |
Footnotes (1)
- Reflects the withholding of shares to satisfy tax withholding obligations in connection with the vesting of restricted stock of Clearway Energy, Inc. (the "Issuer") previously granted by Clearway Energy Group LLC ("Clearway Energy Group") under its Long Term Equity Incentive Program to one or more of its employees. Reflects the forfeiture of shares of restricted stock of the Issuer previously granted by 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".