Clearway Energy Class A Common Stock Conversion and Voting Trust Implementation

Clearway Energy, Inc. filed an 8-K reporting significant corporate actions approved at its April 29, 2026 annual meeting. Stockholders approved the amendment and restatement of the company's certificate of incorporation, resulting in the conversion of all Class A common stock into Class C common stock effective May 1, 2026. This eliminated Class A common stock as a separate class. In connection with this conversion, Clearway Energy Group LLC (CEG) entered into a Voting Trust Agreement with Wilmington Trust, National Association, depositing 41,678,637 shares of Class B common stock into a voting trust. The voting trustee must vote these shares proportionally with other stockholders on most matters, maintaining CEG's relative voting power. The company also amended its Clearway Energy LLC operating agreement to convert Class A units to Class C units. The conversion reduced authorized shares from 3,010,000,000 to 2,510,000,000 and eliminated Class A common stock references from corporate documents. Class C common stock continues trading on NYSE under symbol "CWEN."