Form 4: NuScale Power Corp Executive Reports Stock Transactions
SEC Form 4 Filing
Jacqueline F. Engel, Interim VP of Accounting at NuScale Power Corp, reports the acquisition and disposal of Class A Common Stock related to restricted stock units.
Summary
- On February 28, 2024, Jacqueline F. Engel acquired 2,371 shares of Class A Common Stock through the vesting of restricted stock units.
- On February 29, 2024, Engel sold 726 shares of Class A Common Stock at a price of $3.117 per share.
- These sales were to cover tax withholding obligations related to the vesting of the restricted stock units.
- Following these transactions, Engel directly owns 2,652 shares of Class A Common Stock and 4,741 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't convey any particularly positive or negative sentiment about the company's performance or prospects.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The stock sales could have a minor impact on shareholders due to the increased supply of shares, but the effect is likely minimal given the relatively small volume.
Key Dates
| Date | Description |
|---|---|
| 02/28/2023 | Date the restricted stock units were granted, vesting in three annual installments beginning on the first anniversary of the grant date. |
| 02/28/2024 | Acquisition of 2,371 shares of Class A Common Stock through vesting of restricted stock units. |
| 02/29/2024 | Sale of 726 shares of Class A Common Stock at $3.117 per share. |
| 03/01/2024 | Date of signature on the Form 4 filing. |
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