Clearway Energy Converts Class A Shares to Class C on May 1 2026
Stockholders approved amending Clearway Energy’s charter to convert each Class A share into one Class C share and simplify to a single class, while a Voting Trust Agreement preserves relative voting power. The conversion occurs at 12:01 a.m. ET on May 1, 2026, when the NYSE will suspend Class A trading and list Class C shares.
1. Stockholder Approval of Charter Amendment
At the 2026 Annual Meeting, Clearway Energy stockholders approved an amendment to the company’s certificate of incorporation to restate its charter and simplify its public share classes into a single Class C common stock. This vote authorizes the automatic conversion of Class A shares into Class C shares under the new structure.
2. Conversion Mechanics and Timeline
Under the approved Charter Amendment, each share of Class A common stock will automatically convert into one share of Class C common stock at 12:01 a.m. Eastern Time on May 1, 2026. Existing Class A shareholders need not take any action to complete this conversion.
3. Trading Schedule Changes
The NYSE is expected to suspend trading in Class A common stock prior to market open on May 1, 2026, and commence trading of the newly issued Class C common stock immediately thereafter. This change aims to streamline liquidity and simplify trading for investors.
4. Voting Trust to Preserve Public Voting Power
Clearway Energy Group LLC, the holder of all Class B and D shares, entered into a Voting Trust Agreement to maintain the total relative voting power of public investors following the conversion. This mechanism ensures that public stockholders retain their existing voting influence despite the consolidation into a single share class.