Form 4: NuScale Power CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Chief Financial Officer Robert Ramsey Hamady sold shares of NuScale Power Corp to cover tax withholding obligations related to vesting restricted stock units.
Summary
- Robert Ramsey Hamady, the Chief Financial Officer of NuScale Power Corp, filed a Form 4 detailing changes in beneficial ownership.
- On August 26, 2024, Hamady acquired 76,923 shares of Class A Common Stock upon the vesting of restricted stock units.
- Simultaneously, Hamady disposed of 19,242 shares on August 27, 2024, at a price of $7.983 per share.
- These sales were executed to cover tax withholding obligations associated with the vesting of the restricted stock units.
- Following these transactions, Hamady directly owns 57,681 shares of Class A Common Stock.
- Hamady also directly owns 153,846 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment, as it reflects routine financial activity.
Industry Context
Executive stock transactions are a normal part of corporate governance. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.
Stakeholder Impact
- The sale of shares by the CFO could have a minor, temporary impact on the stock price.
Key Dates
| Date | Description |
|---|---|
| 08/26/2023 | Reporting person was granted 230,769 restricted stock units to vest annually in three installments beginning on this date. |
| 08/26/2024 | Restricted stock units vested, resulting in the acquisition of 76,923 shares of Class A Common Stock. |
| 08/27/2024 | 19,242 shares of Class A Common Stock were sold at $7.983 per share to cover tax obligations. |
| 08/28/2024 | Date of the Form 4 filing. |
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