Clearway director acquires 1,056 Class C shares

Clearway Energy director Daniel B. More received an additional stock-based award tied to dividend equivalent rights, increasing his Class C holdings.

Rhea-AI Filing Summary

Clearway Energy, Inc. (CWEN) reported that director Daniel B. More acquired 1,056 shares of Class C common stock on September 1, 2026 through dividend equivalent rights accrued on his Deferred Stock Units. Following this award, he holds 71,154 Class C shares, including 16,481 dividend equivalent rights that may only be settled in Class C stock. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Grant/Award: 1,056 shares

Grant/Award 1 txn

Insider More Daniel B.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class C Common Stock, par value $.01 per share F1, F2	1,056	--	--

Holdings After Transaction: Class C Common Stock, par value $.01 per share — 71,154 shares (Direct)

Footnotes (2)

1. F1. 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. F2. Includes 16,481 dividend equivalent rights that may only be settled in Class C Common Stock.

Key Figures

Shares acquired: 1,056 shares Total Class C shares after transaction: 71,154 shares Dividend equivalent rights included: 16,481 rights +1 more

4 metrics

Shares acquired 1,056 shares Dividend equivalent rights settled in Class C common stock on September 1, 2026

Total Class C shares after transaction 71,154 shares Holdings of Daniel B. More following the reported acquisition

Dividend equivalent rights included 16,481 rights Dividend equivalent rights that may only be settled in Class C common stock

Transactions acquiring securities 1 transaction Single grant, award, or other acquisition reported in this Form 4

Key Terms

Dividend equivalent rights, Deferred Stock Units, Class C Common Stock, Grant, award, or other acquisition

4 terms

Dividend equivalent rights financial

"Represents dividend equivalent rights accrued on the Reporting Person's Deferred Stock Units"

Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.

Deferred Stock Units financial

"accrued on the Reporting Person's Deferred Stock Units, which become exercisable"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

Class C Common Stock financial

"may only be settled in Class C Common Stock of Clearway Energy, Inc."

A class C common stock is a type of company share that usually represents ownership but often carries limited or no voting power compared with other share classes. For investors, that matters because it can affect influence over company decisions and sometimes the stock’s price or dividend priority — think of it as owning a ticket to the same event but in a section with less say in how the event is run.

Grant, award, or other acquisition financial

"transaction code description indicates a Grant, award, or other acquisition"

FAQ

What did CWEN director Daniel B. More report in this Form 4?

He reported an acquisition of 1,056 shares of Clearway Energy, Inc. Class C common stock on September 1, 2026, received as dividend equivalent rights accrued on his Deferred Stock Units, which are settled in Class C common stock.

How many CWEN Class C shares does Daniel B. More hold after this transaction?

After the September 1, 2026 award, Daniel B. More holds 71,154 shares of Clearway Energy, Inc. Class C common stock, which includes his previously held Deferred Stock Units and related dividend equivalent rights settled in Class C stock.

What are dividend equivalent rights in the CWEN Form 4 filing?

Dividend equivalent rights in this filing represent amounts accrued on Deferred Stock Units. They become exercisable proportionately with the related Deferred Stock Units and may only be settled in Class C Common Stock of Clearway Energy, Inc.

How many dividend equivalent rights does Daniel B. More now have at CWEN?

The filing states that Daniel B. More’s holdings include 16,481 dividend equivalent rights, all of which may only be settled in Clearway Energy, Inc. Class C common stock, and are tied to his Deferred Stock Units.

Was the CWEN Form 4 transaction under a Rule 10b5-1 trading plan?

No. The Form 4 indicates the Rule 10b5-1 checkbox is not marked, and there is no footnote stating that the acquisition of 1,056 dividend equivalent rights was made pursuant to a Rule 10b5-1 trading plan.

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Available on EDGAR 09/03/2026 - 05:51 PM Accepted by SEC EDGAR 09/03/2026 - 04:29 PM Learn about SEC filing dates

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.

902 CARNEGIE CENTER, SUITE 520

(Street)

PRINCETON NEW JERSEY 08540

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	09/01/2026		A		1,056	A	(1)	71,154(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 16,481 dividend equivalent rights that may only be settled in Class C Common Stock.

	/s/ Michael A. Brown, Attorney-in-Fact	09/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)