Form 4: NuScale Power Director Kent Kresa Acquires Shares in Lieu of Fees
SEC Form 4 Filing
Director Kent Kresa acquired 1,942 shares of NuScale Power Corp Class A Common Stock on March 31, 2025, in lieu of quarterly director fees.
Summary
- On March 31, 2025, Kent Kresa, a director of NuScale Power Corp, acquired 1,942 shares of Class A Common Stock.
- The shares were granted in lieu of quarterly director fees at a price of $14.16 per share.
- Following the transaction, Kresa beneficially owns 57,729 shares indirectly through the Kent Kresa Trust, dated November 14, 2006.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a routine transaction of a director receiving shares in lieu of fees. It indicates confidence but doesn't provide significant insight into the company's overall performance.
Positives
- Director's acceptance of shares in lieu of fees demonstrates confidence in the company's stock.
Industry Context
Directors receiving stock in lieu of fees is a common practice, especially for companies looking to conserve cash. It aligns the director's interests with those of the shareholders.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment as it demonstrates the director's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| November 14, 2006 | Date of the Kent Kresa Trust |
| March 31, 2025 | Date of the transaction where shares were acquired in lieu of director fees |
| April 02, 2025 | Date of signature on the SEC Form 4 filing |
Keywords
NuScale Power, Director, Kent Kresa, Class A Common Stock, Director Fees, Beneficial Ownership, SEC Form 4
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