Ford Brian R. 4
4 · Clearway Energy, Inc. · Filed May 1, 2026
Research Summary
AI-generated summary of this filing
Clearway Energy (CWEN) Director Brian R. Ford Converts 8,785 Shares
What Happened
Brian R. Ford, a director of Clearway Energy, reported an automatic conversion on the corporate change: 8,785 shares/units were reported as disposed of (Class A) and 8,785 shares were reported as acquired (Class C). No cash price is reported (N/A). This was a 1-for-1 reclassification under an amendment to the company’s certificate of incorporation and is an exempt transaction under SEC Rule 16b-7, so there was no open-market purchase or sale and no immediate change in economic ownership.
Key Details
- Transaction date(s): Reported for the period 2026-04-29; the Class A → Class C conversion was filed April 29 and effective May 1, 2026.
- Transaction code: J (other acquisition/disposition). Price: N/A; no cash exchanged.
- Shares affected: 8,785 total (disposed 8,785 Class A; acquired 8,785 Class C).
- Breakdown: Includes 4,547 deferred stock units (DSUs) and 4,238 dividend equivalent rights (DERs) that were convertible from Class A settlement to Class C settlement (per footnotes).
- Shares owned after transaction: No net change in the number of economic units held; DSUs and DERs now can only be settled in Class C shares (per F2/F3).
- Filing/timeliness: Form 4 filed May 1, 2026; transaction treated as an exempt corporate conversion (Rule 16b-7).
Context
This filing documents a corporate reclassification (Class A → Class C) rather than a purchase or sale on the open market, so it does not signal buying or selling sentiment by the insider. The conversion is 1-for-1, and the DSUs/DERs that previously settled in Class A shares now will settle in Class C shares. Because the transaction is exempt under Rule 16b-7, it’s not subject to short-swing profit liability.
Insider Transaction Report
- Other
Class A Common Stock, par value $.01 per share
[F1][F2]2026-04-29−8,785→ 0 total - Other
Class C Common Stock, par value $.01 per share
[F1][F2][F3]2026-04-29+8,785→ 97,916 total
Footnotes (3)
- [F1]Reflects the automatic conversion on May 1, 2026 of each outstanding share of Clearway Energy, Inc. Class A common stock into one share of Clearway Energy, Inc. Class C common stock pursuant to an amendment and restatement of the Certificate of Incorporation of Clearway Energy, Inc. filed on April 29, 2026 (the "Class A Conversion"). The Class A Conversion is an exempt transaction pursuant to SEC Rule 16b-7.
- [F2]Upon the Class A Conversion, the Reporting Person's 4,547 deferred stock units ("DSUs") and 4,238 dividend equivalent rights ("DERs"), which previously could only be settled in shares of Clearway Energy, Inc. Class A common stock, converted into 4,547 DSUs and 4,238 DERs that may only be settled in shares of Clearway Energy, Inc. Class C common stock.
- [F3]Includes 4,547 DSUs and 4,238 DERs that may only be settled in shares of Clearway Energy, Inc. Class C common stock.