Clearway Energy (CWEN) EVP Kevin Malcarney Converts 600 Shares

What Happened
Kevin P. Malcarney, EVP, General Counsel and Corporate Secretary of Clearway Energy, had two offsetting Form 4 entries dated 2026-04-29 showing the disposition of 600 shares and the acquisition of 600 shares (transaction code J, "other acquisition or disposition"). No price or cash value is reported (N/A). Per the filing footnote, these entries reflect the automatic conversion of each outstanding share of Clearway Energy Class A common stock into one share of Class C common stock under an amendment and restatement of the company's Certificate of Incorporation.

Key Details

• Transaction date(s): 2026-04-29 (conversion took effect May 1, 2026 per footnote).
• Price: N/A — no cash paid or received.
• Shares changed: 600 Class A shares converted to 600 Class C shares (offsetting disposal and acquisition).
• Shares owned after transaction: not specified in the information provided.
• Footnote: Conversion is an exempt transaction under SEC Rule 16b-7.
• Filing date (accession): 2026-05-01.

Context
This was an administrative share-class conversion (Class A → Class C), not a market buy or sale, and therefore shouldn't be read as a trading signal. Rule 16b-7 exemptions commonly apply to such pro rata corporate reorganizations; no proceeds or new economic exposure are reported.