BlackRock Portfolio Management LLC 4

What Happened BlackRock Portfolio Management LLC, reported as a 10% owner, recorded an "other acquisition or disposition (J)" of 493 shares of Clearway Energy (CWEN) on 2026-03-13. The filing shows no per-share price or total value (N/A) because the shares were reported as resulting from the forfeiture of restricted stock previously granted by Clearway Energy Group to one or more employees—an administrative transfer rather than an open-market purchase.

Key Details

• Transaction date: 2026-03-13; 493 shares acquired; price: N/A (no cash consideration reported).
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Notable footnotes: F1 explains the shares reflect forfeiture of restricted stock by Clearway Energy Group employees; F2–F4 describe ownership reporting chains and disclaimers (Clearway Energy Group, Zephyr/GIP entities, and BlackRock disclaimers of beneficial ownership except for pecuniary interest).
• Filing date: 2026-03-17. This appears to be filed within the Form 4 two-business-day deadline (transaction 3/13, filed 3/17), so not late.

Context This is an institutional, administrative reporting item tied to forfeited restricted stock, not a manager or officer buying or selling on the open market. Such forfeitures typically reflect grant cancellations or returns and generally do not signal management sentiment. Transaction code J denotes "other acquisition/disposition"; here it reflects the mechanics of restricted-stock forfeiture rather than a conventional purchase.