Form 8-K
8-K — Clearway Energy, Inc.
Accession: 0001104659-26-105930
Filed: 2026-09-08
Period: 2026-09-08
CIK: 0001567683
SIC: 4911 (ELECTRIC SERVICES)
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 8, 2026
Clearway Energy, Inc.
(Exact name of Registrant as specified in its charter)
Delaware
001-36002
46-1777204
(State or other jurisdiction of
incorporation)
(Commission File Number)
(IRS Employer Identification No.)
902 Carnegie Center, Suite 520, Princeton,
New Jersey 08540
(Address of principal executive offices, including zip code)
(609) 608-1525
(Registrant’s telephone number, including area code)
300 Carnegie Center, Suite 300, Princeton,
New Jersey 08540
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which
registered
Class C Common Stock, par value $0.01
CWEN
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Transition of Principal Financial Officer; Appointment of Principal
Financial Officer
On September 8, 2026, Clearway Energy, Inc. (the
“Company”) announced that, effective as of October 1, 2026 (the “Transition Date”), Sarah Rubenstein will transition
out of her role as Executive Vice President and Chief Financial Officer of the Company and will assume a new role at Clearway Energy Group
LLC (“CEG”) as the Head of the Transformation Office of CEG, focusing on digital and data transformation and integration activities.
In connection with Ms. Rubenstein’s transition,
Steven Ryder, the Executive Vice President and Chief Financial Officer of CEG, was appointed as Chief Financial Officer of the Company,
effective as of the Transition Date. Mr. Ryder will succeed Ms. Rubenstein in her role as the principal financial officer of the Company,
effective as of the Transition Date.
Mr. Ryder, age 58, has served as Executive Vice
President and Chief Financial Officer of CEG since September 2018, where he leads many of the enterprise’s finance functions, including
corporate finance, risk, financial planning and analysis and capital markets. Prior to CEG, Mr. Ryder was the Chief Financial Officer
for Invenergy LLC, a Chicago-based developer, owner and operator of clean energy projects, from March 2006 to August 2018, during which
time Mr. Ryder oversaw a broad range of financial and commercial functions and was responsible for numerous corporate and project financing
capital raises in North America and Europe. Prior to Invenergy, Mr. Ryder served for more than 15 years in several finance and technical
capacities at GE Energy Financial Services, the International Finance Corporation, the U.S. Agency for International Development and AT&T.
Mr. Ryder earned a Master’s Degree in Public Affairs from Princeton University and a Bachelor’s Degree of Science in Electrical
Engineering, magna cum laude, from Tufts University. Mr. Ryder currently serves on the Board of Directors for ACORE. He also earned
the designation of a Chartered Financial Analyst (CFA).
As of June 30, 2026, CEG owned approximately 54.88%
of the combined voting power of the Company’s common stock. Information about the Company’s material related party transactions
with CEG required to be disclosed pursuant to Item 404(a) of Regulation S-K can be found in, and is incorporated into this Item 5.02 by
reference to, Note 15 to the consolidated financial statements included in the Company’s Annual Report on Form 10-K
filed with the Securities and Exchange Commission (the “SEC”) on February 24, 2026.
Appointment of Principal Accounting Officer
Effective September 8, 2026, the Company appointed
Samantha Prout as Senior Vice President, Accounting and Controller. In this role, Ms. Prout will succeed Ms. Rubenstein as the principal accounting
officer of the Company.
Ms. Prout, age 48, most recently served as Chief
Accounting Officer and Controller at Amicus Therapeutics (Nasdaq: FOLD), a publicly traded biopharmaceutical company, where she also served
as principal accounting officer and oversaw financial reporting, Sarbanes-Oxley Act compliance, audit committee engagement, enterprise
resource planning implementation and continuous improvement initiatives. Prior to joining Amicus in March 2018, Ms. Prout held accounting
leadership roles at NRG Energy, Inc., the Company’s prior controlling shareholder, from 2015 to 2018, where she developed deep familiarity
with the financial reporting and accounting functions of a major public energy company, and the Company. She began her career at KPMG
LLP, where she spent over 15 years building extensive audit and advisory expertise, including significant experience with SEC reporting
and capital markets transactions.
In connection with her appointment as Senior Vice President, Accounting and Controller, Ms. Prout will receive a one-time cash sign-on bonus in the amount of $50,000, less applicable payroll deductions
and withholdings, payable within 30 days of the commencement of her employment.
Ms. Prout does not have any direct or indirect
material interest in any transaction that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Item 7.01 Regulation FD Disclosure.
On
September 8, 2026, the Company issued a press release announcing the leadership transitions described in Item 5.02 of this Current Report
on Form 8-K. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
In
accordance with General Instruction B.2 of Form 8-K, the information set forth in this Item 7.01, including Exhibit 99.1, is deemed to
be “furnished” and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange
Act of 1934 (the “Exchange Act”), as amended, and will not be incorporated by reference into any filing under the Securities
Act of 1933, as amended, or the Exchange Act, unless specifically identified therein as being incorporated therein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.
Description
99.1
Press Release, dated September 8, 2026
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
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/ Michael A. Brown
Michael A. Brown
Senior Vice President, General Counsel and Corporate Secretary
Date: September 8, 2026
EX-99.1 — EXHIBIT 99.1
EX-99.1
Filename: tm2624938d1_ex99-1.htm · Sequence: 2
Exhibit 99.1
Clearway Energy,
Inc. Announces Senior Leadership Changes
PRINCETON, N.J., September 8, 2026 -- Clearway Energy,
Inc. (NYSE: CWEN) (“Company”, “Clearway”) today announced a series of senior leadership appointments:
· Sarah Rubenstein, Chief Financial Officer (“CFO”) of Clearway
Energy, Inc., will move into a new role at Clearway Energy Group LLC (“Clearway Group”) as the Head of the Transformation
Office focusing on digital and data transformation and integration activities, effective October 1, 2026.
· Steven Ryder, will succeed Ms. Rubenstein as Clearway Energy,
Inc.’s CFO effective October 1, 2026, and will maintain his role as CFO of Clearway Group; and
· Samantha Prout, will join the Company as Senior Vice President, Accounting and Controller, effective immediately.
“Sarah's leadership has been integral
to building the strong financial foundation Clearway stands on today, and I am excited to see her bring that same expertise to leading
our Transformation Office. We see opportunities to accelerate operational efficiencies by deploying the kind of automation and AI technologies
that our generation assets are powering. Sarah’s transition to this role is an expression of our confidence in the potential enhancements
these technologies will provide to our business. Further, our public investors know Steve well, and he is ideally positioned to build
on Sarah's success in his expanded CFO role. He brings close to 30 years of professional finance experience, with most of that spent with
energy companies focused on renewables and conventional power. Lastly, I'm excited to further strengthen our accounting team with
the addition of Samantha, a proven accounting leader with decades of experience in public accounting. These changes, collectively, position
our company very well to continue delivering on the long-term growth trajectory for CWEN,” said Craig Cornelius, Chief Executive
Officer of Clearway Energy, Inc.
Sarah Rubenstein
“In this new role, I am excited to help translate our business
strategy and leadership priorities into exciting new programs that improve efficiency and scalability across our organization. Building
upon the work we did to modernize and streamline our integrated enterprise business applications, I am looking forward to continuing the
work to transform how we support our data-driven operations through further use of AI and automation, and to continue to incorporate these
initiatives into the fabric of our organization,” said Sarah Rubenstein, Chief Financial Officer of Clearway Energy, Inc.
Steven Ryder
“I’m both excited and honored to assume this expansion
of my role, and I intend to continue the impressive legacy of financial discipline and stewardship that Sarah has brought to the position.
The Clearway enterprise has a talented group of professionals that support both Clearway Energy, Inc. and Clearway Group, and I look forward
to continuing my work with Craig and our executive team to advance our enterprise as a leader in the development, ownership, and operation
of clean energy infrastructure, sustaining and creating value for CWEN shareholders,” said Steve Ryder, Chief Financial Officer,
Clearway Energy Group.
As CFO of Clearway Group, Mr. Ryder has spent the last eight years
leading many of the enterprise’s finance functions, including corporate finance, risk, financial planning and analysis, and capital
markets. Prior to Clearway, Mr. Ryder was the Chief Financial Officer for Invenergy LLC, a Chicago-based developer, owner, and operator
of clean energy projects where he oversaw a broad range of financial and commercial functions and was responsible for numerous corporate
and project financing capital raises in North America and Europe. Prior to Invenergy, Mr. Ryder served in several finance and technical
capacities at GE Energy Financial Services, the International Finance Corporation, the U.S. Agency for International Development, and
AT&T.
Samantha Prout
Ms. Prout most recently served as Chief Accounting Officer and Controller
at Amicus Therapeutics (Nasdaq: FOLD), a publicly traded biopharmaceutical company, where she also served as principal accounting officer
and oversaw financial reporting, SOX compliance, audit committee engagement, enterprise resource planning implementation, and continuous
improvement initiatives for the publicly traded biopharmaceutical company since 2018. Prior to Amicus, she held accounting leadership
roles at NRG Energy, Inc., the Company’s prior controlling shareholder, from 2015 to 2018, where she developed deep familiarity
with the financial reporting and accounting functions of a major public energy company, and the Company. She began her career at KPMG
LLP, where she spent 15 years building extensive audit and advisory expertise, including significant experience with SEC reporting and
capital markets transactions.
About Clearway Energy, Inc.
Clearway Energy, Inc. is one of the largest owners of clean energy
generation assets in the U.S. Our portfolio comprises approximately 13.9 GW of gross capacity in 27 states, including approximately 11.1
GW of wind, solar and battery energy storage systems and approximately 2.8 GW of flexible dispatchable power generation providing critical
grid reliability services. Through our diversified and primarily contracted clean energy portfolio, Clearway Energy endeavors to provide
its investors with stable and growing dividend income. Clearway Energy, Inc.’s common stock is traded on the New York Stock Exchange
under the symbol CWEN. Clearway Energy, Inc. is sponsored by its controlling investor, Clearway Energy Group LLC. For more information,
visit investor.clearwayenergy.com.
Safe Harbor Disclosure
This news release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements
are subject to certain risks, uncertainties and assumptions, and typically can be identified by the use of words such as “expect,”
“estimate,” “target,” “anticipate,” “forecast,” “plan,” “outlook,”
“believe” and similar terms. Such forward-looking statements include, but are not limited to, statements with respect to our
beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions and future performance and condition.
Although the Company believes that the expectations are reasonable,
it can give no assurance that these expectations will prove to be correct, and actual results may vary materially. Factors that could
cause actual results to differ materially from those contemplated above include, among others, risks and uncertainties related to: unforeseen
or adverse changes in the capital markets generally or in trading conditions applicable to the Company’s securities; and risks related
to the Company’s business, operations, financial condition and prospects.
The Company undertakes no obligation
to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required
by law. The foregoing review of factors that could cause the Company’s actual results to differ materially from those contemplated
in the forward-looking statements included in this news release should be considered in connection with information regarding risks and
uncertainties that may affect the Company’s future results included in its filings with the SEC at www.sec.gov.
In addition, the Company makes available free of charge at www.clearwayenergy.com, copies of materials it files with, or
furnishes to, the SEC.
Contacts:
Investors:
Media:
Akil Marsh
Zadie Oleksiw
investor.relations@clearwayenergy.com
media@clearwayenergy.com
609-608-1500
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