Clearway (CWEN) SVP Michael Brown Receives 335-Share Award

What Happened

• Michael Brown, SVP, General Counsel & Corporate Secretary of Clearway Energy (CWEN), received an award of 335 shares (reported as an acquisition) on 2026-09-01. The filing lists no purchase price or total value (Price = N/A).
• The filing indicates these 335 units represent dividend equivalent rights tied to Brown’s restricted stock units (RSUs) and will vest/settle proportionately with those RSUs; settlement is limited to Clearway’s Class C common stock.

Key Details

• Transaction date: 2026-09-01. Form 4 filed: 2026-09-03 (appears timely).
• Reported amount: 335 shares (listed as an award/acquisition). No dollar amount or per-share price provided.
• Shares owned after transaction: not specified in the reported data.
• Footnotes: F1 — the 335 units are dividend equivalent rights that vest/settle with related RSUs and may only be settled in Class C common stock. F2 — separately notes inclusion of 590 dividend equivalent rights that also may be settled only in Class C common stock.
• No indication of a 10b5-1 plan, sale, option exercise, tax withholding, or late filing penalties in this report.

Context

• These are dividend-equivalent awards tied to existing RSUs, not an open-market purchase or sale. Such awards are routine components of executive compensation and do not necessarily signal buying/selling sentiment.
• Dividend equivalents typically convert to company shares when the underlying RSUs vest and are generally settled in-kind (here, Class C common stock).