Form 4: NuScale CFO's Stock Transactions: RSU Vesting & Tax Sales

NuScale Power's CFO, Robert Ramsey Hamady, reported recent stock transactions including the vesting of restricted stock units and subsequent sales to cover tax obligations.

Summary

• Robert Ramsey Hamady, Chief Financial Officer of NuScale Power Corp (SMR), reported transactions involving Class A Common Stock and Restricted Stock Units (RSUs).
• On March 2, 2026, Hamady acquired 44,271 shares of Class A Common Stock through the conversion of restricted stock units.
• Also on March 2, 2026, an additional 25,208 shares of Class A Common Stock were acquired from the conversion of restricted stock units.
• On March 3, 2026, Hamady disposed of 18,570 shares of Class A Common Stock at a price of $12.22 per share.
• The sale of shares was specifically conducted to cover tax withholding obligations associated with the vesting and settlement of restricted stock units, described as a 'sell to cover' transaction.
• Hamady was granted 132,812 restricted stock units on February 28, 2024, 75,625 units on February 28, 2025, and 128,404 units on February 28, 2026, all vesting annually in three equal installments beginning on the anniversary of the grant date.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event. While there's a sale of shares, it's for tax purposes, and the new RSU grants indicate continued equity-based compensation and alignment with company performance.

Positives

• The Chief Financial Officer received new grants of restricted stock units totaling 128,404 units on February 28, 2026, aligning executive compensation with future company performance.
• Previous grants of 132,812 restricted stock units (February 28, 2024) and 75,625 restricted stock units (February 28, 2025) continue to vest, indicating ongoing equity-based incentives.

Negatives

• The Chief Financial Officer sold 18,570 shares of Class A Common Stock, reducing direct beneficial ownership, even though the sale was for tax withholding purposes.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that Form 4 filings provide transparency into insider ownership changes, which can offer insights into management's conviction. These specific transactions are routine for RSU vesting and tax obligations, common in executive compensation packages across various industries.

Stakeholder Impact

• Shareholders: Provides transparency on executive stock ownership and compensation practices, confirming that a portion of executive compensation is equity-based.
• Employees: Reflects standard executive compensation structures, which often include restricted stock units as a form of long-term incentive.

Next Steps

• The remaining portions of the restricted stock units granted on February 28, 2024, February 28, 2025, and February 28, 2026, will continue to vest annually in three equal installments.

Key Dates

Recommendation

The filing details routine insider transactions related to restricted stock unit vesting and subsequent 'sell to cover' tax obligations. These are standard compensation events and do not typically signal a change in the company's fundamental outlook or warrant a strong buy/sell recommendation.

Keywords

NuScale Power, SMR, Form 4, Insider Trading, CFO, Stock Transactions, Restricted Stock Units, RSU, Tax Withholding, Equity Compensation