Clearway director granted Class C stock units

Clearway Energy, Inc. director Jennifer Elaine Lowry reported equity-based compensation in the form of Class C Common Stock–linked awards.

Rhea-AI Filing Summary

Clearway Energy, Inc. director Jennifer Elaine Lowry reported equity-based compensation in the form of Class C Common Stock–linked awards. On June 1, 2026, she acquired 3,966 Deferred Stock Units at no cash cost under the company’s Amended and Restated 2013 Equity Incentive Plan.

Each Deferred Stock Unit is equivalent to one share of Class C Common Stock and will be settled in stock when her Board service ends or upon a change in control. She also received 282 additional Class C-linked units representing dividend equivalent rights, which accrue on her existing Deferred Stock Units and may only be settled in Class C Common Stock.

Insider Trade Summary

Grant/Award: 4,248 shares

Grant/Award 2 txns

Insider Lowry Jennifer Elaine

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class C Common Stock, par value $.01 per share	3,966	$0.00	$0.00
Grant/Award	Class C Common Stock, par value $.01 per share	282	$0.00	$0.00

Holdings After Transaction: Class C Common Stock, par value $.01 per share — 25,469 shares (Direct)

Footnotes (4)

1. F1. Represents 3,966 Deferred Stock Units issued to the Reporting Person by Clearway Energy, Inc. under Clearway Energy, Inc.'s Amended and Restated 2013 Equity Incentive Plan.
2. F2. Each Deferred Stock Unit is equivalent to one share of Clearway Energy, Inc.'s Class C Common Stock, par value $.01 per share. The reporting person will receive from Clearway Energy, Inc. one such share of Class C Common Stock for each Deferred Stock Unit she owns upon termination of her service on Clearway Energy, Inc.'s Board of Directors or change in ownership or effective control of Clearway Energy, Inc.
3. F3. 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.
4. F4. Includes 2,911 dividend equivalent rights that may only be settled in Class C Common Stock.

Key Figures

Deferred Stock Units granted: 3,966 units Dividend-related units granted: 282 units Total shares after 3,966-unit grant: 25,187 shares +3 more

6 metrics

Deferred Stock Units granted 3,966 units Equity award under Amended and Restated 2013 Equity Incentive Plan on June 1, 2026

Dividend-related units granted 282 units Additional Class C–linked units reported on June 1, 2026

Total shares after 3,966-unit grant 25,187 shares Class C Common Stock beneficially owned following larger award

Total shares after 282-unit grant 25,469 shares Class C Common Stock beneficially owned following smaller award

Dividend equivalent rights included 2,911 rights Dividend equivalent rights that may only be settled in Class C Common Stock

Grant price per unit $0.0000 per unit Reported price for both equity awards on June 1, 2026

Key Terms

Deferred Stock Units, dividend equivalent rights, Amended and Restated 2013 Equity Incentive Plan, Class C Common Stock

4 terms

Deferred Stock Units financial

"Represents 3,966 Deferred Stock Units issued to the Reporting Person by Clearway Energy, Inc. under Clearway Energy, Inc.'s Amended and Restated 2013 Equity Incentive Plan."

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.

dividend equivalent rights financial

"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"

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.

Amended and Restated 2013 Equity Incentive Plan financial

"issued to the Reporting Person by Clearway Energy, Inc. under Clearway Energy, Inc.'s Amended and Restated 2013 Equity Incentive Plan."

Class C Common Stock financial

"Each Deferred Stock Unit is equivalent to one share of Clearway Energy, Inc.'s Class C Common Stock, par value $.01 per share."

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Clearway Energy (CWEN) director Jennifer Elaine Lowry report on this Form 4?

Jennifer Elaine Lowry reported receiving equity-based compensation tied to Clearway Energy’s Class C Common Stock. She acquired 3,966 Deferred Stock Units and 282 dividend-related units on June 1, 2026, all at no cash cost as part of her director compensation.

How many Deferred Stock Units did CWEN director Jennifer Lowry receive?

She received 3,966 Deferred Stock Units. Each unit is equivalent to one share of Clearway Energy’s Class C Common Stock and was issued under the Amended and Restated 2013 Equity Incentive Plan as part of her compensation for Board service.

What are the settlement terms for Jennifer Lowry’s Deferred Stock Units at Clearway Energy (CWEN)?

Each Deferred Stock Unit converts into one share of Class C Common Stock. Settlement occurs when Jennifer Lowry’s service on Clearway Energy’s Board terminates or if there is a change in ownership or effective control of Clearway Energy, according to the disclosed footnotes.

What are dividend equivalent rights in Clearway Energy (CWEN) director compensation?

Dividend equivalent rights mirror dividends on underlying Deferred Stock Units. They accrue over time and, in this case, may only be settled in Class C Common Stock. The filing notes that Lowry’s holdings include 2,911 such dividend equivalent rights tied to her units.

Did Jennifer Elaine Lowry buy or sell Clearway Energy (CWEN) shares on the open market?

The filing shows grant or award acquisitions only, not open-market trades. Both reported transactions are coded as awards at a price of $0.0000 per share, reflecting equity compensation rather than discretionary buying or selling in the market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/03/2026 - 05:35 PM EDT 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^*

Lowry Jennifer Elaine

(Last) (First) (Middle)

CLEARWAY ENERGY, INC.

300 CARNEGIE CENTER, SUITE 300

(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)
06/01/2026

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	06/01/2026		A		3,966	A	(1)	25,187(2)	D
Class C Common Stock, par value $.01 per share	06/01/2026		A		282	A	(3)	25,469(4)	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 3,966 Deferred Stock Units issued to the Reporting Person by Clearway Energy, Inc. under Clearway Energy, Inc.'s Amended and Restated 2013 Equity Incentive Plan.

2. Each Deferred Stock Unit is equivalent to one share of Clearway Energy, Inc.'s Class C Common Stock, par value $.01 per share. The reporting person will receive from Clearway Energy, Inc. one such share of Class C Common Stock for each Deferred Stock Unit she owns upon termination of her service on Clearway Energy, Inc.'s Board of Directors or change in ownership or effective control of Clearway Energy, Inc.

3. 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.

4. Includes 2,911 dividend equivalent rights that may only be settled in Class C Common Stock.

	/s/ Michael A. Brown, Attorney-in-Fact	06/03/2026
	** 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)