Form 4: NuScale Power Director James T. Hackett Receives Stock Award

Director James T. Hackett of NuScale Power Corp. reports receiving 11,603 restricted stock units.

Summary

• On May 28, 2024, James T. Hackett, a director of NuScale Power Corp., received an award of 11,603 restricted stock units.
• These restricted stock units vest in four equal quarterly installments starting on August 28, 2024.
• Each restricted stock unit represents the right to receive one share of Class A Common Stock upon vesting.
• Following the reported transaction, Hackett beneficially owns 44,350 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard transaction of stock options being awarded to a director. It doesn't inherently indicate positive or negative performance for the company.

Positives

• The grant of restricted stock units to a director aligns their interests with those of the shareholders.
• Vesting over time encourages long-term commitment from the director.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It reflects standard practices for incentivizing and retaining key personnel.

Stakeholder Impact

• Shareholders may view the granting of restricted stock units as a positive sign, aligning the director's interests with the company's long-term success.
• Employees may see this as a sign of stability and commitment from the leadership.

Key Dates