Form 4: NuScale Power Director Receives Phantom Stock

NuScale Power Corp. reports that Director Alan L. Boeckmann was granted 3,470 shares of phantom stock on March 31, 2026, as compensation for his services.

Summary

• Alan L. Boeckmann, a Director at NuScale Power Corp., received a grant of 3,470 shares of phantom stock on March 31, 2026.
• This grant is in lieu of quarterly cash fees and represents a right to receive one share of Class A Common Stock per phantom stock share.
• The settlement of the underlying Class A Common Stock is deferred and will be payable upon Mr. Boeckmann's separation from service with the company, as per the Deferred Compensation Plan for Non-Employee Directors.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard compensation event for a director rather than a significant financial or strategic development for the company.

Positives

• Director compensation is being provided through equity-linked instruments, aligning director interests with shareholder value.
• The company has a structured plan for director compensation, indicating established corporate governance practices.

Negatives

• The phantom stock grant is a non-cash compensation, which does not directly inject capital into the company.

Risks

• The value of the phantom stock is tied to the future performance and stock price of NuScale Power Corp., which carries inherent market risk.
• Deferred settlement means the actual value received by the director is subject to market fluctuations until separation from service.

Future Outlook

The future outlook for the phantom stock is dependent on the company's performance and the eventual separation from service date of the reporting person.

Industry Context

StockSavvy.ai notes that the use of phantom stock for director compensation is a common practice in the energy and technology sectors, aiming to retain experienced leadership and align their incentives with long-term company growth.

Corporate Governance

Related Party Transactions

• Grant of phantom stock to Director Alan L. Boeckmann as compensation for services.

Stakeholder Impact

• Shareholders: The grant represents a non-cash compensation expense, the ultimate value of which depends on future stock performance. It aligns director incentives with shareholder value.
• Employees: No direct impact mentioned.
• Management: Standard compensation practice for non-employee directors.

Next Steps

• Settlement of phantom stock upon Alan L. Boeckmann's separation from service with NuScale Power Corp.

Key Dates

Keywords

NuScale Power, SMR, Form 4, Director Compensation, Phantom Stock, Class A Common Stock, Insider Trading, SEC Filing