SMR.NYSENuscale Power CORP

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

Sentiment:

SEC Form 4 Filing

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Jacqueline F. Engel, Interim VP of Accounting at 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, Jacqueline F. Engel, Interim VP of Accounting at NuScale Power Corp, acquired 1,634 shares of Class A Common Stock upon the vesting of restricted stock units.
  • On May 3, 2024, Engel sold 485 shares of Class A Common Stock at a price of $6.04 per share.
  • The sales were executed to cover tax withholding obligations associated with the vesting of the restricted stock units.
  • Following these transactions, Engel directly owns 3,801 shares of Class A Common Stock.
  • Engel also directly owns 1,634 derivative securities in the form of restricted stock units.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction (selling shares to cover taxes on vested stock). It doesn't indicate positive or negative sentiment about the company's prospects.

Industry Context

This is a routine filing related to insider transactions. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Key Dates

DateDescription
07/08/2022Reporting person was granted 4,902 restricted stock units, vesting in three annual installments beginning on May 2, 2023.
05/02/2023First vesting date of restricted stock units.
05/02/2024Acquisition of 1,634 shares of Class A Common Stock due to vesting of restricted stock units.
05/03/2024Sale of 485 shares of Class A Common Stock at $6.04 per share.
05/06/2024Date of Form 4 filing.

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