Form 4: NuScale Power Corp Executive Clayton Scott Reports Stock Transactions

Clayton Scott, Chief Commercial Officer of NuScale Power Corp, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.

Summary

• Clayton Scott, Chief Commercial Officer of NuScale Power Corp, filed a Form 4 detailing changes in beneficial ownership.
• On February 28, 2024, 19,055 Class A Common Stock shares were acquired through the vesting of restricted stock units.
• Also on February 28, 2024, 19,055 restricted stock units converted into common stock on a one-for-one basis.
• On February 29, 2024, 6,929 Class A Common Stock shares were sold at a price of $3.117 per share to cover tax withholding obligations.
• Following these transactions, Scott directly owns 27,864 shares of Class A Common Stock and 38,108 restricted stock units.
• A previous Form 4 filed on March 3, 2023, incorrectly reported the number of restricted stock units granted; the correct amount was 57,163.

Sentiment

Score: 5

Explanation: This is a routine filing related to stock transactions by an executive. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It doesn't necessarily reflect a broader trend in the nuclear energy industry but provides insight into the financial activities of NuScale Power's executives.

Stakeholder Impact

• The sale of shares by an executive could have a minor, temporary impact on shareholders due to slight selling pressure.

Key Dates