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 | -635 | -2.4% | 25.8K | Nov 2, 2022 | Direct | F1, F2 |
Id | Content |
---|---|
F1 | 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 2013Equity 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, 2022, 1,706 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 635 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, 149 DERs converted to Class C Common Stock, resulting in the reporting person holding 850 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 |