The " Transparencyd 'is a normal native Apple process.
1 - Suggest restarting in Safe Mode. This will perform a Disk Repair, clear cache files and only load Apple Software, extensions and fonts. The boot up will be slow and can take some time - Normal.
2 - Does the issue present in this mode ?
3 - Sometimes a Safe Boot followed by a Normal Boot will just put things right.
4 - " I'm running Monterey 12.3.1. "
5 - Suggest upgrading to current version 12.4 released May 16, 2022.
This may or may not be related to this computer issue