Form 4: NuScale Power Corp Director Christopher Sorrells Ceases Section 16 Reporting Following Term Expiration
SEC Form 4 Filing
Christopher Sorrells, a director of NuScale Power Corporation, will no longer be subject to Section 16 reporting requirements after his term expired on May 24, 2024.
Summary
- This Form 4 filing indicates that Christopher D. Sorrells, a director of NuScale Power Corporation, will no longer be subject to Section 16 reporting requirements.
- His term as a director expired in conjunction with the annual meeting, effective May 24, 2024.
- Consequently, he will no longer report transactions in NuScale Power Corporation's equity securities on Form 4 or Form 5.
Sentiment
Score: 5
Explanation: The document is neutral, simply stating a change in reporting requirements due to the expiration of a director's term.
Industry Context
This filing reflects standard regulatory compliance related to changes in insider status at a publicly traded company. It doesn't necessarily indicate anything specific about NuScale's performance or prospects but rather a change in an individual's reporting obligations.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Director | Christopher D. Sorrells | NA | 05/24/2024 | Term expiration |
Stakeholder Impact
- Shareholders may be interested in changes to the board of directors, but this event is unlikely to have a significant impact.
Key Dates
| Date | Description |
|---|---|
| 05/24/2024 | Christopher Sorrells' term as a Director of NuScale Power Corporation expired. |
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