Form 4: NuScale CCO Scott Clayton Reports RSU Conversions, Tax-Related Stock Sale

NuScale Power's Chief Commercial Officer, Clayton Scott, reported the conversion of restricted stock units into common stock and a subsequent sale of shares to cover tax obligations.

Summary

• Chief Commercial Officer Clayton Scott reported multiple transactions involving NuScale Power Class A Common Stock.
• On March 2, 2026, Scott acquired a total of 68,365 shares of Class A Common Stock through the conversion of restricted stock units (RSUs).
• These conversions included 19,054 shares, 26,042 shares, and 23,269 shares, all converting on a one-to-one basis from RSUs.
• Following these acquisitions, Scott's direct beneficial ownership increased to 155,330 shares before the subsequent sale.
• On March 2, 2026, Scott disposed of 22,478 shares of Class A Common Stock at a price of $12.22 per share.
• This sale was explicitly stated to cover tax withholding obligations related to the vesting and settlement of restricted stock units, a "sell to cover" transaction.
• After all reported transactions, Scott's direct beneficial ownership of Class A Common Stock stands at 132,852 shares.
• Additionally, on February 28, 2026, Scott was granted 112,840 new restricted stock units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, representing routine insider transactions related to equity compensation and tax obligations, which is common practice and does not indicate a significant shift in company prospects.

Positives

• Chief Commercial Officer Clayton Scott received a grant of 112,840 new restricted stock units on February 28, 2026, indicating continued compensation and alignment with company performance.
• The conversion of 68,365 restricted stock units into common stock demonstrates the vesting of previously granted equity compensation.

Negatives

• The sale of 22,478 shares by a key executive, even for tax purposes, reduces their direct equity stake in the company.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that this Form 4 filing is a routine disclosure of insider transactions, primarily related to equity compensation and tax obligations, and does not provide specific insights into broader industry trends for the small modular reactor (SMR) sector.

Stakeholder Impact

• Shareholders: The sale of shares by an executive, even for tax purposes, slightly reduces their direct ownership, but the overall impact on the company's share structure is minimal. The grant of new RSUs aligns executive incentives with shareholder value over the long term.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions, including the vesting and conversion of restricted stock units and a 'sell to cover' transaction for tax purposes. These actions are standard for executive compensation and do not provide new fundamental information about NuScale Power's operational performance or strategic direction. Therefore, a 'hold' recommendation is appropriate as this filing alone does not warrant a change in investment thesis.

Keywords

NuScale Power, SMR, Clayton Scott, Chief Commercial Officer, Form 4, Insider Trading, Restricted Stock Units, RSU, Stock Sale, Equity Compensation, Sell to Cover