Form 4: NuScale Power Corp Executive Robert K. Temple Reports Stock Transactions
SEC Form 4 Filing
Robert K. Temple, General Counsel of NuScale Power Corp, reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units.
Summary
- On February 28, 2024, Robert K. Temple exercised 26,641 Restricted Stock Units (RSUs) which converted into Class A Common Stock on a one-for-one basis.
- Following this transaction, Temple directly owns 28,642 shares of Class A Common Stock.
- On February 29, 2024, Temple sold 9,589 shares of Class A Common Stock at a price of $3.117 per share.
- This sale resulted in Temple owning 19,053 shares of Class A Common Stock.
- As of this report, Temple directly owns 53,281 Restricted Stock Units.
- A previous Form 4 filed on March 3, 2023, inaccurately reported the number of restricted stock units granted as 81,428; the correct amount was 79,922.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel at NuScale Power Corp.
Stakeholder Impact
- The transactions may have a minor impact on shareholders as they reflect insider trading activity, but the quantities are relatively small.
Key Dates
| Date | Description |
|---|---|
| 07/08/2022 | Reporting person was granted restricted stock units vesting annually in three equal installments beginning on May 2, 2023. |
| 03/03/2023 | Date of Form 4 filing with inaccurate reporting of restricted stock units granted. |
| 05/02/2023 | First vesting date of restricted stock units granted on July 8, 2022. |
| 02/28/2024 | Date of transaction: Exercise of Restricted Stock Units and conversion to Class A Common Stock. |
| 02/29/2024 | Date of transaction: Sale of Class A Common Stock. |
| 03/01/2024 | Date of signature for the Form 4 filing. |
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