Ford Brian R. 4
Research Summary
AI-generated summary
Clearway Energy (CWEN) Director Brian R. Ford Receives Deferred Stock Units
What Happened
- Brian R. Ford, a director of Clearway Energy, Inc. (CWEN), was granted deferred stock units (DSUs) on 2026-06-01. The filing lists two awards: 4,461 DSUs and 1,186 DSUs, a total of 5,647 DSUs. No cash was paid and no market price applies because these are awards rather than open-market purchases or sales.
- Each DSU is equivalent in value to one share of Clearway Energy’s Class C Common Stock (par value $0.01) and will be settled in shares upon termination of his board service. Dividend-equivalent rights have also accrued and are exercisable and settle only in Class C common stock.
Key Details
- Transaction date: 2026-06-01; Filing date: 2026-06-03 (timely filing).
- Transaction code: A (Award/Grant). Price: N/A (award). Shares granted: 4,461 and 1,186 (total 5,647 DSUs).
- Post-transaction share/DSU holdings: not specified in the provided filing excerpt.
- Footnotes of note:
- F1: DSUs issued under Clearway’s Amended & Restated 2013 Equity Incentive Plan.
- F2: Each DSU equals one Class C common share and converts to a share upon termination of board service.
- F3/F4: Dividend-equivalent rights accrue on the DSUs and are exercisable proportionately; filing notes 31,764 dividend-equivalent rights that may only be settled in Class C common stock.
- No indication of a 10b5-1 plan, tax-withholding sale, or late filing in the provided data.
Context
- DSUs are deferred compensation for directors and typically convert to actual shares at a future date (here upon termination of board service). Because this is an award (not a purchase or sale), it’s routine compensation and not a direct buy/sell signal about the insider’s view of the stock.