Clearway Energy director awarded 4,769 share units

Clearway Energy, Inc. director Daniel B. More reported stock-based compensation awards in the form of Class C Common Stock and related units.

Rhea-AI Filing Summary

Clearway Energy, Inc. director Daniel B. More reported stock-based compensation awards in the form of Class C Common Stock and related units. He acquired 803 shares through dividend equivalent rights and 3,966 Deferred Stock Units under the company’s Amended and Restated 2013 Equity Incentive Plan, with no cash price per share. Each Deferred Stock Unit equals one share of Class C Common Stock, deliverable when his Board service ends or upon a change in ownership or effective control. Following these awards, his directly owned Class C position reported in the filing was around seventy thousand shares, reflecting ongoing equity-based compensation.

Insider Trade Summary

Grant/Award: 4,769 shares

Grant/Award 2 txns

Insider More Daniel B.

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	803	$0.00	$0.00

Holdings After Transaction: Class C Common Stock, par value $.01 per share — 70,098 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 he owns upon termination of his 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 15,425 dividend equivalent rights that may only be settled in Class C Common Stock.

Key Figures

Deferred Stock Units granted: 3,966 units Dividend equivalent shares credited: 803 shares Holdings after 803-share entry: 70,098 shares +4 more

7 metrics

Deferred Stock Units granted 3,966 units Deferred Stock Units under 2013 Equity Incentive Plan

Dividend equivalent shares credited 803 shares Dividend equivalent rights on Deferred Stock Units

Holdings after 803-share entry 70,098 shares Class C Common Stock directly owned after one acquisition entry

Holdings after 3,966-unit entry 69,295 shares Class C Common Stock directly owned after other acquisition entry

Dividend equivalent rights outstanding 15,425 rights Rights may only be settled in Class C Common Stock

Grant price per share $0.00 per share Reported for both acquisition transactions

Total new units awarded 4,769 units Sum of Deferred Stock Units and dividend equivalent shares

Key Terms

Deferred Stock Units, dividend equivalent rights, Amended and Restated 2013 Equity Incentive Plan, Class C Common Stock, +1 more

5 terms

Deferred Stock Units financial

"Represents 3,966 Deferred Stock Units issued to the Reporting Person by Clearway Energy, Inc."

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"

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"

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.

change in ownership or effective control financial

"upon termination of his service on Clearway Energy, Inc.'s Board of Directors or change in ownership or effective control of Clearway Energy, Inc."

FAQ

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

What insider transaction did Clearway Energy (CWEN) director Daniel B. More report?

Director Daniel B. More reported receiving equity-based awards, not open-market trades. He acquired 3,966 Deferred Stock Units and 803 shares from dividend equivalent rights in Class C Common Stock as part of Clearway Energy’s compensation programs.

How many Clearway Energy (CWEN) share units did the director receive in this Form 4?

The director received 4,769 new units tied to Class C Common Stock. This consists of 3,966 Deferred Stock Units and 803 shares credited from dividend equivalent rights under the Amended and Restated 2013 Equity Incentive Plan.

What are Deferred Stock Units in Clearway Energy’s (CWEN) Form 4 filing?

Deferred Stock Units are compensation awards where each unit equals one Class C Common share. Daniel B. More will receive one share for each unit he owns when his Board service ends or if there is a change in Clearway Energy’s ownership or effective control.

What are dividend equivalent rights mentioned in the Clearway Energy (CWEN) filing?

Dividend equivalent rights credit additional units when dividends are declared, mirroring dividends on underlying shares. In this filing, 803 shares were credited as such rights, and the holdings include 15,425 dividend equivalent rights that can only be settled in Class C Common Stock.

Did Clearway Energy (CWEN) director Daniel B. More buy or sell shares on the market?

The Form 4 shows no open-market buying or selling. Instead, Daniel B. More acquired Class C-linked awards through grants and dividend equivalent rights, reflected by transaction code “A” for grant, award, or other acquisition at a reported price of $0.00 per share.

When will the Deferred Stock Units for Clearway Energy (CWEN) be settled in shares?

The Deferred Stock Units will be settled in Class C Common Stock at a future event. The director receives one share per unit upon termination of his Board service or upon a change in ownership or effective control of Clearway Energy.

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

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Accepted by SEC EDGAR 06/03/2026 - 05:34 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^*

More Daniel B.

(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)	69,295(2)	D
Class C Common Stock, par value $.01 per share	06/01/2026		A		803	A	(3)	70,098(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 he owns upon termination of his 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 15,425 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)