Form 4: NuScale Power CEO John Hopkins Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
NuScale Power CEO John Lawrence Hopkins sold shares of Class A Common Stock to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- On February 28, 2024, John Lawrence Hopkins, CEO of NuScale Power Corp, converted 39,285 restricted stock units into Class A Common Stock.
- He then sold 13,451 shares of Class A Common Stock on February 29, 2024, at a price of $3.117 per share.
- These sales were executed to cover tax withholding obligations associated with the vesting of the restricted stock units.
- Following these transactions, Hopkins directly owns 59,768 shares of Class A Common Stock and 78,569 restricted stock units.
- Hopkins no longer has a reportable beneficial interest in an option to purchase 2,598 shares of Class A Common Stock granted to his daughter.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations and doesn't inherently indicate positive or negative sentiment towards the company's prospects.
Industry Context
This is a routine filing related to executive compensation and stock transactions, common for publicly traded companies. It doesn't necessarily indicate a broader trend in the nuclear energy industry but reflects individual financial planning.
Key Dates
| Date | Description |
|---|---|
| 02/28/2023 | Reporting person was granted 117,854 restricted stock units, vesting in three annual installments beginning on the anniversary of the grant date. |
| 02/28/2024 | 39,285 restricted stock units converted into Class A Common Stock. |
| 02/29/2024 | 13,451 shares of Class A Common Stock sold at $3.117 per share. |
| 03/01/2024 | Date of signature by attorney-in-fact. |
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