Kevin P. Malcarney - Mar 9, 2022 Form 4 Insider Report for Clearway Energy, Inc. (CWEN)

Role: EVP, GEN COUNSEL AND CORP SECR
Signature: /s/ Kevin P. Malcarney
Stock symbol: CWEN
Transactions as of: Mar 9, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/11/2022, 03:13 PM
Previous filing: Mar 3, 2022
Next filing: Apr 19, 2022

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		-178	-0.34%		52.7K	Mar 9, 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted Stock Unit (RSU) awards become eligible for continued vesting after a participant's Retirement, as defined in Clearway Energy, Inc.'s Amended and Restated 2013 Equity Incentive Plan (the "LTIP"), provided the award has been outstanding for one year. On March 9, 2022, Mr. Malcarney's RSUs granted on April 15, 2020 became eligible for continued vesting pursuant to the award agreement in the event Mr. Malcarney retires. Mr. Malcarney elected to satisfy his tax obligation upon the exchange of common stock for RSUs having a value on the date of the exchange equal to the withholding obligation associated with his eligibility for continued vesting of outstanding RSUs. This form reflects the surrender of 178 shares of Class C Common Stock to satisfy the grantee's tax withholding obligation.
F2	Includes 1,888 dividend equivalent rights that may only be settled in Class C Common Stock.

Content

Restricted Stock Unit (RSU) awards become eligible for continued vesting after a participant's Retirement, as defined in Clearway Energy, Inc.'s Amended and Restated 2013 Equity Incentive Plan (the "LTIP"), provided the award has been outstanding for one year. On March 9, 2022, Mr. Malcarney's RSUs granted on April 15, 2020 became eligible for continued vesting pursuant to the award agreement in the event Mr. Malcarney retires. Mr. Malcarney elected to satisfy his tax obligation upon the exchange of common stock for RSUs having a value on the date of the exchange equal to the withholding obligation associated with his eligibility for continued vesting of outstanding RSUs. This form reflects the surrender of 178 shares of Class C Common Stock to satisfy the grantee's tax withholding obligation.

Includes 1,888 dividend equivalent rights that may only be settled in Class C Common Stock.