Form 4: NuScale Power Director Receives Equity Award, Boosting Stake to Over 42,000 Shares

NuScale Power Corp. Director Bum-Jin Chung was granted 3,109 restricted stock units, increasing his direct beneficial ownership to 42,491 Class A Common Stock shares.

Summary

• Bum-Jin Chung, a Director of NuScale Power Corp. (SMR), received an award of 3,109 restricted stock units (RSUs) on May 28, 2025.
• These RSUs were granted at a price of $0 per unit, indicating an equity award rather than a purchase.
• Each restricted stock unit represents the right to receive one share of Class A Common Stock upon vesting.
• The RSUs will vest in four equal installments, with the first vesting date scheduled for August 28, 2025.
• Following this transaction, Mr. Chung's direct beneficial ownership of Class A Common Stock increased to 42,491 shares.

Sentiment

Score: 7

Explanation: The sentiment is positive as the equity award aligns the director's interests with shareholders, indicating commitment. It's a routine transaction, so not overwhelmingly positive, but generally a good sign for governance.

Positives

• The award of restricted stock units to a director helps align management's interests with those of shareholders, as the value of the award is tied to the company's stock performance.
• The increase in direct beneficial ownership by a director signals continued commitment to the company's long-term success.

Future Outlook

The awarded restricted stock units are set to vest in four equal installments, commencing on August 28, 2025, which will convert the units into Class A Common Stock shares over time.

Industry Context

This Form 4 filing details a routine equity compensation event for a director at NuScale Power, a company focused on small modular reactor (SMR) technology. Such awards are common practice across industries to incentivize and retain key personnel, aligning their financial interests with the company's performance.

Related Party Transactions

• Director Bum-Jin Chung received an award of 3,109 restricted stock units from NuScale Power Corp., which is a standard form of equity compensation for a related party (director).

Stakeholder Impact

• Shareholders: The equity award aligns the director's financial incentives with the company's stock performance, potentially benefiting shareholders through improved governance and strategic decisions.

Next Steps

• The restricted stock units will vest in four equal installments, beginning on August 28, 2025, leading to the issuance of Class A Common Stock shares to the reporting person.

Key Dates

Keywords

NuScale Power, SMR, Form 4, Insider Transaction, Restricted Stock Units, RSU, Equity Award, Director Compensation, Beneficial Ownership