Clearway Energy (CWEN) SVP receives 255 Class C stock dividend rights

Rhea-AI Filing Summary

Brown Michael August reported acquisition or exercise transactions in this Form 4 filing.

Clearway Energy, Inc. reported that SVP, General Counsel and Corporate Secretary Michael August Brown received an award of 255 shares of Class C Common Stock on June 1, 2026. The award reflects dividend equivalent rights tied to his restricted stock units and brings his directly held Class C shares to 22,294.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Brown Michael August

Role SVP, GC & Corp. Secretary

Type	Security	Shares	Price	Value
Grant/Award	Class C Common Stock, par value $.01 per share	255	$0.00	--

Holdings After Transaction: Class C Common Stock, par value $.01 per share — 22,294 shares (Direct, null)

Footnotes (1)

1. 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. Includes 255 dividend equivalent rights that may only be settled in Class C Common Stock.

Key Figures

Shares granted: 255 shares Total shares after transaction: 22,294 shares Transaction price per share: $0.00 per share

3 metrics

Shares granted 255 shares Dividend equivalent rights on RSUs, June 1, 2026

Total shares after transaction 22,294 shares Class C Common Stock held directly after award

Transaction price per share $0.00 per share Grant of dividend equivalent rights, not an open-market purchase

Key Terms

dividend equivalent rights, Restricted Stock Units ("RSUs"), Class C Common Stock

3 terms

dividend equivalent rights financial

"Represents dividend equivalent rights accrued on the Reporting Person's Restricted Stock Units ("RSUs")"

Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.

Restricted Stock Units ("RSUs") financial

"Represents dividend equivalent rights accrued on the Reporting Person's Restricted Stock Units ("RSUs")"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

Class C Common Stock financial

"may only be settled in Class C Common Stock of Clearway Energy, Inc."

A class C common stock is a type of company share that usually represents ownership but often carries limited or no voting power compared with other share classes. For investors, that matters because it can affect influence over company decisions and sometimes the stock’s price or dividend priority — think of it as owning a ticket to the same event but in a section with less say in how the event is run.

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Brown Michael August

(Last) (First) (Middle)

CLEARWAY ENERGY, INC.

300 CARNEGIE CENTER, SUITE 300

(Street)

PRINCETON NEW JERSEY 08540

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Clearway Energy, Inc. [ CWEN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, GC & Corp. Secretary

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class C Common Stock, par value $.01 per share	06/01/2026		A		255	A	(1)	22,294(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

2. Includes 255 dividend equivalent rights that may only be settled in Class C Common Stock.

	/s/ Michael A. Brown	06/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Clearway Energy (CWEN) disclose for Michael August Brown?

Clearway Energy disclosed that Michael August Brown, its SVP, General Counsel and Corporate Secretary, acquired 255 shares of Class C Common Stock. These arose from dividend equivalent rights linked to his restricted stock units and increased his directly held Class C share position to 22,294.

Was the CWEN insider transaction an open-market buy or a compensation grant?

The CWEN insider transaction was a compensation-related grant, not an open-market purchase. It is coded as a grant or award and reflects dividend equivalent rights accrued on restricted stock units that are settled in Class C Common Stock according to the related RSU terms.

How many Clearway Energy (CWEN) shares does Michael August Brown hold after this Form 4?

After this Form 4 transaction, Michael August Brown directly holds 22,294 shares of Clearway Energy Class C Common Stock. This total includes the 255 shares received as dividend equivalent rights associated with his restricted stock units, as disclosed in the filing’s transaction details.

What does the 255-share award to the CWEN executive represent?

The 255-share award represents dividend equivalent rights accrued on Michael August Brown’s restricted stock units. These rights become exercisable proportionately with the underlying RSUs and may only be settled in Class C Common Stock of Clearway Energy, as determined by the related RSU terms.

Did Michael August Brown pay a purchase price for the 255 CWEN shares?

Michael August Brown did not pay a purchase price for the 255 CWEN shares. The transaction price per share is reported as $0.00, reflecting that these shares were issued as dividend equivalent rights tied to existing restricted stock units, not bought on the open market.

What type of Clearway Energy security is involved in this Form 4 filing?

The security involved is Clearway Energy’s Class C Common Stock, par value $0.01 per share. The 255 additional shares come from dividend equivalent rights on restricted stock units, which are only settled in Class C Common Stock according to the filing’s footnote disclosures.