Form 4: NuScale Power Corp Executive Reyes Jr. Reports Stock Transactions

Chief Technology Officer Jose N. Reyes Jr. reports transactions involving NuScale Power Corp Class A Common Stock, including acquisitions and disposals to cover tax obligations.

Summary

• Jose N. Reyes Jr., Chief Technology Officer of NuScale Power Corp, filed a Form 4 detailing changes in beneficial ownership.
• On February 28, 2025, Reyes acquired 26,641 and 31,250 shares of Class A Common Stock through the vesting of restricted stock units, both at a price of $0.
• On March 3, 2025, Reyes disposed of 19,990 shares of Class A Common Stock at a price of $16.446 per share.
• These sales were to cover tax withholding obligations related to the vesting of restricted stock units.
• Following these transactions, Reyes indirectly owns 516,207 shares of Class A Common Stock through the Jose N. Reyes, Jr. Trust, dated August 2, 2021.
• Reyes also directly owns 26,640 and 62,500 restricted stock units, and acquired 46,538 restricted stock units on February 28, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transactions are routine and primarily related to tax obligations. There's no indication of significant concern or excitement.

Positives

• The vesting of restricted stock units indicates a continued alignment of the executive's interests with the company's performance.

Negatives

• The sale of shares, even for tax obligations, could be perceived negatively by some investors, although it's a common practice.

Risks

• Executive stock sales, even for tax purposes, can sometimes create short-term price volatility.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies. Monitoring these transactions can provide insights into management's perspective on the company's value and future prospects. However, sales to cover tax obligations are generally not indicative of a negative outlook.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units that vest over time, aligning executive interests with long-term shareholder value.
• Companies like Westinghouse and GE Hitachi Nuclear Energy also utilize stock-based compensation for their executives.
• The vesting schedules and tax implications are generally similar across the industry.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares, but it's unlikely to be significant given the relatively small volume.

Key Dates