SMR.NYSENuscale Power CORP

Form 4: NuScale Power Corp Executive Sells Shares to Cover Tax Obligations

Sentiment:

SEC Form 4

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Clayton Scott, Chief Commercial Officer of NuScale Power Corp, sold shares of Class A Common Stock to cover tax withholding obligations related to vesting restricted stock units.

Summary

  • On May 2, 2024, Clayton Scott, Chief Commercial Officer of NuScale Power Corp, acquired 22,876 shares of Class A Common Stock through the vesting of restricted stock units.
  • Simultaneously, Scott sold 7,191 shares on May 3, 2024, at a price of $6.04 per share, to cover tax withholding obligations associated with the vesting.
  • Following these transactions, Scott directly owns 43,549 shares of Class A Common Stock.
  • The restricted stock units were granted on July 8, 2022, and vest in three annual installments starting May 2, 2023.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction (sell to cover taxes) and doesn't indicate any significant positive or negative sentiment.

Industry Context

Executive stock transactions are a normal part of corporate governance. This transaction appears to be routine, covering tax obligations related to vested stock.

Stakeholder Impact

  • The sale of shares by an executive could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates

DateDescription
07/08/2022Reporting person was granted 68,627 restricted stock units.
05/02/2023First vesting date of restricted stock units.
05/02/2024Reporting person acquired 22,876 shares of Class A Common Stock through vesting of restricted stock units.
05/03/2024Reporting person sold 7,191 shares of Class A Common Stock at $6.04.
05/06/2024Date of Form 4 filing.

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