Sarah Rubenstein - Aug 31, 2021 Form 4 Insider Report for Clearway Energy, Inc. (CWEN)

Role
VP Accounting & Controller
Signature
/s/ Michael A. Brown, by Power of Attorney
Stock symbol
CWEN
Transactions as of
Aug 31, 2021
Transactions value $
$0
Form type
4
Date filed
9/2/2021, 05:05 PM
Previous filing
Jun 3, 2021
Next filing
Nov 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CWEN Class C Common Stock, par value $.01 per share Tax liability -268 -1.11% 23.9K Aug 31, 2021 Direct F1, F2
transaction CWEN Class C Common Stock, par value $.01 per share Award +180 +0.75% 24.1K Sep 1, 2021 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
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.