Clearway Energy (NYSE: CWEN) director receives 4,769 stock-based units
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
More Daniel B.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class C Common Stock, par value $.01 per share | 3,966 | $0.00 | -- |
| Grant/Award | Class C Common Stock, par value $.01 per share | 803 | $0.00 | -- |
Holdings After Transaction:
Class C Common Stock, par value $.01 per share — 69,295 shares (Direct, null)
Footnotes (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. 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. 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. 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
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.
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.