Clearway Energy CEO Compensation Agreement Update

TL;DR

Clearway Energy inked a new pay deal for its CEO, Chris Holden, effective Dec 5, 2024.

AI Summary

Clearway Energy, Inc. announced on December 5, 2024, changes in its executive compensation arrangements. Specifically, the company entered into a new employment agreement with its President and Chief Executive Officer, Christopher S. Holden, effective December 5, 2024. The agreement outlines his compensation and benefits moving forward.

Why It Matters

This filing provides insight into the executive compensation structure of Clearway Energy's CEO, which can influence investor perception of management alignment and company financial health.

Risk Assessment

Risk Level: low — The filing pertains to executive compensation, which is a standard corporate disclosure and does not indicate immediate financial distress or significant operational changes.

Key Players & Entities

• Clearway Energy, Inc. (company) — Registrant
• Christopher S. Holden (person) — President and Chief Executive Officer
• December 5, 2024 (date) — Effective date of employment agreement

FAQ

Key Financial Figures

• $0.01 — tered Class A Common Stock, par value $0.01 CWEN.A New York Stock Exchange Clas

Filing Documents

• tm2430390d1_8k.htm (8-K) — 28KB
• 0001104659-24-126298.txt ( ) — 244KB
• cwen-20241205.xsd (EX-101.SCH) — 4KB
• cwen-20241205_def.xml (EX-101.DEF) — 26KB
• cwen-20241205_lab.xml (EX-101.LAB) — 36KB
• cwen-20241205_pre.xml (EX-101.PRE) — 25KB
• tm2430390d1_8k_htm.xml (XML) — 5KB

02

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. As previously disclosed, on November 20, 2024, Clearway Energy, Inc. (the "Company") received a notice of resignation from Guillaume Hdiard, informing the Company of his intention to resign from the board of directors (the "Board") of the Company effective as of the close of business on December 4, 2024. On December 5, 2024, the Board elected Marc-Antoine Pignon to replace Mr. Hdiard and to serve as a member of the Board, effective as of such date. Mr. Pignon will not initially serve on any committee of the Board or receive any separate compensation for his service as a director. Mr. Pignon, age 40, currently serves as Chief Executive Officer of TotalEnergies Renewables USA. He has been employed by TotalEnergies since 2006, when he joined as an economist for upstream operations in Congo and the Middle East. Between 2008 and 2016, Mr. Pignon was successively appointed as Business Development Economist at TotalEnergies EP Norge AS, EPC Manager at TotalEnergies EP Nigeria Ltd, and Head of Development & Long-Term Planning at TotalEnergies EP Australia. In 2016, he became Head of TotalEnergies Solar France, which is the French renewables arm of TotalEnergies. In 2019, he moved to the United States within SunPower Corporation ("SunPower") and then TotalEnergies Renewables USA to lead TotalEnergies' renewables efforts in the U.S. Mr. Pignon is a science and executive engineering graduate from Mines ParisTech. He served as a director on the Board of Directors of SunPower from July 23, 2024 to November 14, 2024. The Company and Mr. Pignon have entered into an indemnification agreement that provides Mr. Pignon with contractual rights to indemnification, expense advancement and reimbursement to the fullest extent permitted under Delaware law. The foregoing description of such indemnification agreement does not pur

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Clearway Energy, Inc. By: /s/ Kevin P. Malcarney Kevin P. Malcarney General Counsel and Corporate Secretary Date: December 6, 2024

View Full Filing

View this 8-K filing on SEC EDGAR