V
Velarion™Intelligence
Sign InFree TrialBook a Walkthrough
Utilities

Clearway Energy Executive Compensation (FY25)

CWEN · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Craig Cornelius
Latest say-on-pay support
=
April 29, 2026
Velarion Member: every covered company in Utilities, with dashboards, peer screens and board-ready briefs. Three seats, one year.
Email me this page as a cited PDF — sent in 2 minutes
The same figures, the same citations, formatted to hand to a committee. Nothing is added that is not on this page.
Your address is used for this and nothing else. Unsubscribe in one click.

The paid brief on Clearway Energy

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
Data as of October 18, 2026Latest filing (8-K): May 1, 2026
14 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Clearway Energy brief$1,500Get the executive brief
Velarion Member, one year
169 figures on this page: 159 cited to the filing that reported them, 10 calculated from figures it prints. See the citations

More on Clearway Energy

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Craig Cornelius: $2,851,921 → $2,899,181 (1.7% higher)
Say-on-pay support: 99.3% → 99.1% (0.2 points lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Clearway Energy's chief executive and what were they paid?
Total compensation for Craig Cornelius, President and Chief Executive Officer, came to $2,899,181 in fiscal 2025. Compared with the $2,851,921 reported for fiscal 2024, Cornelius' total was 1.7% higher.
What was Clearway Energy's say-on-pay result?
The say-on-pay proposal drew 99.1% of votes cast for or against in favor at the meeting held April 29, 2026 for fiscal 2025.
Which companies are in Clearway Energy's peer group?
Companies named in the disclosed peer group include Alliant Energy Corporation, Avista Corporation, Black Hills Corporation, Boralex Inc. and First Solar, Inc., among others.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Christopher Sotos
President and Chief Executive Officer
◇—◇—◇—◇◇
Kevin Malcarney
Senior Vice President, General Counsel and Corporate Secretary
◇—◇—◇—◇◇
Chad Plotkin
Executive Vice President and Chief Financial Officer
◇—◇———◇◇
Sarah Rubenstein
Senior Vice President and Chief Accounting Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Christopher Sotos
President and Chief Executive Officer
◇—◇—◇—◇— not reconciled
Kevin Malcarney
Executive Vice President, General Counsel and Corporate Secretary
◇—◇—◇—◇◇
Sarah Rubenstein
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Craig Cornelius
President and Chief Executive Officer
——◇————◇
Kevin Malcarney
Executive Vice President, General Counsel and Corporate Secretary
◇—◇—◇—◇◇
Sarah Rubenstein
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Craig Cornelius
President and Chief Executive Officer
——◇————◇
Sarah Rubenstein
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Kevin Malcarney
Executive Vice President, General Counsel and Corporate Secretary
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Craig CorneliusPSU◇◇◇—◇—◇
Craig CorneliusRSU◇——◇——◇
Craig CorneliusPSU◇◇◇—◇—◇
Kevin P. MalcarneyPSU◇◇◇—◇—◇
Kevin P. MalcarneyPSU◇◇◇—◇—◇
Kevin P. MalcarneyRSU◇——◇——◇
Sarah RubensteinPSU◇◇◇—◇—◇
Sarah RubensteinRSU◇——◇——◇
Sarah RubensteinRSU◇——◇——◇
Sarah RubensteinPSU◇◇◇—◇—◇
Fiscal 2022, 2023 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Craig CorneliusPSU◇◇——
RSU◇◇——
Sarah RubensteinRSU◇◇——
PSU◇◇——
Kevin MalcarneyPSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Brian R. Ford
Lead independent director
◇◇————◇
E. Stanley O'Neal
—◇————◇
Daniel B. More
◇◇————◇
Jennifer Lowry
◇◇————◇
Olivier Jouny, Nathaniel Anschuetz, Jonathan Bram, Paige Goodwin, Marc-Antoine Pignon, Bruce MacLennan and Craig Cornelius served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as deferred stock units.
Stock ownership guideline: 5x annual cash retainer fee

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Alliant Energy Corporation LNT
  • Avista Corporation AVA
  • Black Hills Corporation BKH
  • Boralex Inc. BRLXF
  • First Solar, Inc. FSLR
  • Hannon Armstrong Sustainable Infrastructure, L.P. HASI
  • Innergex Renewable Energy Inc. symbol not shown
  • MGE Energy, Inc. MGEE
  • New Fortress Energy Inc. NFE
  • Northland Power Inc. NPI
  • NorthWestern Energy Group, Inc. NWE
  • Ormat Technologies, Inc. ORA
  • Portland General Electric Company POR
  • Sunrun Inc. RUN
  • TransAlta Corporation TAC

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025April 29, 2026=◇◇◇
2024April 22, 2025=◇◇◇
2023April 25, 2024=◇◇◇
2022April 27, 2023=◇◇◇
2021April 28, 2022=◇◇◇
2020April 29, 2021=◇◇◇
2019April 30, 2020=◇◇◇
2018May 1, 2019=◇◇◇
2017April 24, 2018=◇◇◇
2016April 25, 2017=◇◇◇

Velarion Pro: every company page, peer tools and exports, one seat

One seat, one person. It opens the whole platform: the peer tools, the written analysis and the exports, on every company we cover. Join the list and you will hear from us when it opens.
Your address is used for this and nothing else, and you can unsubscribe in one click. See the privacy policy.

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Craig Cornelius (President and Chief Executive Officer), FY2025 total compensation $2,899,181 (base salary $0) [exec_comp, SEC accession 0001104659-26-033918, filed 2026-03-24]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

Tell me when Clearway Energy files
You get a note when this company’s compensation data changes.
Your address is used for this and nothing else. Unsubscribe in one click.

What this page does not include

Everything above is a fact Clearway Energy disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Clearway Energy sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Inquire about access
Multiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion Intelligence
Join the list for Peer Group Review
Whether Clearway Energy's disclosed peer group is defensible, who names Clearway Energy back in their own benchmarking group, and how pay tracks performance across it. This is the analysis a compensation consultant delivers on the group above. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.

Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
169 figures on this page: 159 cited to the filing that reported them, 10 calculated from figures it prints.
159 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001104659-26-053557
    Proposal 2 – Advisory vote on the Company’s executive compensation Votes For Votes Against Abstentions Broker Non-Votes
  2. 0001104659-26-033918
    DIRECTOR COMPENSATION · Director Compensation · Grants of Plan-Based Awards · Grants of Plan-Based Awards Fiscal Year Ended December 31, 2025 · and 2 more sections
  3. 0001104659-25-037429
    Proposal 2 – Advisory vote on the Company’s executive compensation Votes For Votes Against Abstentions Broker Non-Votes
  4. 0001104659-25-023538
    Summary Compensation Table Fiscal Year Ended December 31, 2024
  5. 0001104659-24-075297
  6. 0001104659-24-034883
    Summary Compensation Table Fiscal Year Ended December 31, 2023
  7. 0001104659-23-054500
  8. 0001104659-23-033487
  9. 0001104659-22-055271
  10. 0001104659-21-060252
  11. 0001104659-20-056290
  12. 0001104659-19-026513
  13. 0001567683-18-000014
  14. 0001104659-17-028009
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Clearway Energy executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/CWEN (accessed 2026).
Short form: data: Velarion

The paid brief for Clearway Energy

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
14 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Embed this data
A small, cited view of this data for your own page or newsletter. Every embed carries a visible link back here, so the attribution travels with it.
The headline figures, each with its citation.
Connect an AI assistant
Ask your own assistant about Clearway Energy and roughly 3,000 other US public companies, and get back the same figures on this page with the same citations. Free read access, no account. Add this to your assistant's connector settings.
Setup guide and the full list of questions it answers

Utilities rankings

Chief executive pay — UtilitiesCEO pay ratio — UtilitiesSay-on-pay support — Utilities

Peers Clearway Energy discloses

The companies named in CWEN's own disclosed peer group.

Alliant Energy CorporationAvista CorporationBlack Hills CorporationFirst Solar, Inc.Hannon Armstrong Sustainable Infrastructure, L.P.MGE Energy, Inc.New Fortress Energy Inc.NorthWestern Energy Group, Inc.Ormat Technologies, Inc.Portland General Electric CompanySunrun Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  All companies · The Pay Desk · Methodology · Terms · Privacy