Form 4: NuScale Power Corp: Officer Engel 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 and Restricted Stock Units.
Summary
- On February 28, 2025, Jacqueline F. Engel, Interim VP of Accounting at NuScale Power Corp, engaged in transactions involving Class A Common Stock and Restricted Stock Units.
- Engel acquired 2,371 and 31,250 shares of Class A Common Stock upon the vesting of Restricted Stock Units at a price of $0.
- Engel disposed of 1,645 shares at $18.15 and 9,003 shares at $16.446 on March 3, 2025.
- These sales were to cover tax withholding obligations related to the vesting of restricted stock units.
- Following these transactions, Engel directly owns 25,767 shares of Class A Common Stock and 23,269 Restricted Stock Units.
- The transactions were made pursuant to a 10b5-1 Plan adopted August 30, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an officer. It doesn't inherently convey positive or negative sentiment, as it simply reports facts.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the buying and selling activities of company officers. It is a standard practice for publicly traded companies and their executives.
Stakeholder Impact
- The transactions could have a minor impact on shareholders due to the change in ownership of shares.
- The transactions could have a minor impact on employees due to the tax implications of the vesting of restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 2024/08/30 | 10b5-1 Plan adopted |
| 2025/02/28 | Acquisition of Class A Common Stock upon vesting of Restricted Stock Units |
| 2025/03/03 | Sale of Class A Common Stock to cover tax withholding obligations |
| 2025/03/04 | Date of Form 4 signature |
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