secwatch.observer — SEC 8-K summary
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Issuer:     Clearway Energy, Inc. (CWEN)
CIK:        0001567683
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001104659-24-054956
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clearway Energy CEO Chris Sotos to step down June 30; Craig Cornelius named successor
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- Chris Sotos resigns as CEO and director effective June 30, 2024; separation includes pro-rata 2024 bonus and waiver of non-compete.
- Craig Cornelius, CEO of sponsor Clearway Energy Group, appointed CEO and board member effective June 30.
- Cornelius compensation: $750,000 base salary, 175% target bonus, 350% LTIP target, and 375,000 restricted shares vesting over 3 years.
- Company reaffirms 2024 CAFD guidance of $395M; expects upper range of 5-8% annual dividend growth through 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1567683/000110465924054956/0001104659-24-054956-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1567683/000110465924054956/tm2413039d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-054956

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer