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

Director Kent Kresa received 2,352 restricted stock units from NuScale Power in lieu of director fees on June 30, 2024.

Summary

• Kent Kresa, a director of NuScale Power Corp, received 2,352 shares of Class A Common Stock on June 30, 2024.
• These shares were granted as restricted stock units in lieu of director fees.
• The grant was made on June 30, 2024, and will vest on the first anniversary of the grant date.
• Following the transaction, Kresa directly owns 51,880 shares through the Kent Kresa Trust dated November 14, 2006.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (director compensation) and doesn't contain any alarming or negative information. It's a neutral event with a slightly positive implication due to alignment of director and shareholder interests.

Positives

• The grant of restricted stock units to a director aligns their interests with those of the shareholders.

Industry Context

This type of equity compensation is common for board members across various industries, including the energy sector.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity.
• Granting stock units in lieu of fees is a fairly standard practice to align director interests with shareholder value.
• Comparable companies in the energy sector, such as Westinghouse or smaller modular reactor developers, also use equity grants as part of their director compensation.

Stakeholder Impact

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

Key Dates