Form 4: NuScale Power Director Kent Kresa Receives Restricted Stock Units in Lieu of Fees

Director Kent Kresa received 5,178 restricted stock units from NuScale Power in lieu of director fees on April 1, 2024.

Summary

• On April 1, 2024, Kent Kresa, a director of NuScale Power Corp, received 5,178 restricted stock units (RSUs) in lieu of director fees.
• These RSUs will vest on the first anniversary of the grant date.
• Kresa also indirectly owns 37,925 shares through the Kent Kresa Trust, dated November 14, 2006.
• This includes 32,747 shares previously owned directly which were contributed on February 13, 2024 to the Kent Kresa Trust, dated November 14, 2006, of which the reporting person is the sole trustee and beneficiary.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.

Industry Context

This filing is a routine disclosure of a director's compensation in the form of equity, which is a common practice in publicly traded companies.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates