Malcarney Kevin P. 4

What Happened

• Kevin P. Malcarney, EVP, General Counsel and Corporate Secretary of Clearway Energy (CWEN), was granted 598 dividend-equivalent rights on 2026-06-01. The filing reports an award/acquisition (code A); no per-share price or cash value is provided.
• This is an equity award (not an open-market purchase or sale). Dividend-equivalent rights typically accrue alongside restricted stock units (RSUs) and relative performance stock units (RPSUs) and are settled in stock when the underlying units vest.

Key Details

• Transaction date: 2026-06-01. Form 4 filed: 2026-06-03 (timely — within the usual 2-business-day window).
• Shares/units acquired: 598 (price: N/A; total dollar value: not reported).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 — these are dividend-equivalent rights that vest/settle proportionately with the related RSUs/RPSUs and may only be settled in Class C Common Stock. F2 — the filing notes inclusion of 5,339 dividend equivalent rights that may only be settled in Class C Common Stock.
• Transaction code: A = grant/award/acquisition.

Context

• Dividend-equivalent rights are not an immediate cash payout or an open-market purchase; they represent stock value tied to future vesting of RSUs/RPSUs and are typically settled in shares when those units vest. Such grants are common as part of executive compensation and do not by themselves signal an immediate bullish or bearish action by the insider.