Form 4 for CWEN Clearway Energy, Inc.

Accepted 2021-11-03 00:00:00 ET · period of report 2021-10-15 · accession 0001179110-21-009841 · 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
M	2021-11-03	2021-10-15+	CWEN	Rubenstein Sarah	VP Accounting, Ctrl	F - Tax	—	-794	23.3K	-3%	—

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	2021-10-15	F	D	235	—	23,849	D	—	—	(F1) On October 15, 2019, Ms. Rubenstein was issued 2,062 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 October 15, 2021, 687 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 235 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, 62 DERs converted to Class C Common Stock, resulting in the reporting person holding 649 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	2021-11-02	F	D	559	—	23,290	D	—	—	(F3) On November 2, 2020, Ms. Rubenstein was issued 5,122 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 November 2, 2021, 1,705 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 559 shares of Class C Common Stock to satisfy the grantee's tax withholding obligation. (F4) In connection with the vesting of the RSUs described above, 77 DERs converted to Class C Common Stock, resulting in the reporting person holding 572 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.