Form 4 for CWEN Clearway Energy, Inc.

Accepted 2021-09-02 00:00:00 ET · period of report 2021-08-31 · accession 0001179110-21-008556 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
	2021-09-02	2021-08-31	CWEN	Rubenstein Sarah	VP Accounting, Ctrl	F - Tax	—	-268	23.9K	-1%	—
	2021-09-02	2021-09-01	CWEN	Rubenstein Sarah	VP Accounting, Ctrl	A - Grant	—	+180	24.1K	+0.8%	—

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Class C Common Stock, par value $.01 per share	2021-08-31	F	D	268	—	23,904	D	—	—	(F1) On August 31, 2018, Ms. Rubenstein was issued 2,201 Restricted Stock Units ("RSUs") by Clearway Energy, Inc. (f/k/a NRG Yield, Inc.) under Clearway Energy Inc.'s Amended and Restated 2013 Equity Incentive Plan (the "LTIP"). These RSUs vest ratably over a three-year period beginning on the first anniversary of the date of the grant. Each RSU is equivalent in value to one share of Class C Common Stock of Clearway Energy Inc., par value $.01 per share. On August 31, 2021, 736 shares vested. Ms. Rubenstein elected to satisfy her tax obligation upon the exchange of common stock for RSUs having a value on the date of the exchange equal to the withholding obligation. This form reflects the surrender of 268 shares of Class C Common Stock to satisfy the grantee's tax withholding obligation. (F2) In connection with the vesting of the RSUs described above, 117 DERs converted to Class C Common Stock, resulting in the reporting person holding 531 dividend equivalent rights that may only be settled in Class C Common Stock. Dividend equivalent rights accrue on the reporting person's restricted stock, which become exercisable proportionately with the restricted stock units to which they relate and may only be settled in Clearway Energy, Inc. Class C Common Stock. Each dividend equivalent right is the economic equivalent of one share of Clearway Energy, Inc. Class C Common Stock.
2	Common	Class C Common Stock, par value $.01 per share	2021-09-01	A	A	180	—	24,084	D	—	—	(F3) Represents dividend equivalent rights accrued on the Reporting Person's Restricted Stock Units ("RSUs") which become exercisable proportionately with the RSUs to which they relate and may only be settled in Class C Common Stock of Clearway Energy, Inc. as determined by the RSU to which they relate. (F4) Includes 711 dividend equivalent rights that may only be settled in Class C Common Stock.