Ford Brian R. 4

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.