Form 4: NuScale Power Director Receives Phantom Stock

NuScale Power Corp. director Kent Kresa was granted 3,946 shares of phantom stock on March 31, 2026, as part of the company's Deferred Compensation Plan for Non-Employee Directors.

Summary

• Kent Kresa, a Director at NuScale Power Corp. (SMR), received 3,946 shares of phantom stock on March 31, 2026.
• This grant is part of the company's Deferred Compensation Plan for Non-Employee Directors.
• Each share of phantom stock is equivalent to one share of Class A Common Stock.
• The settlement of these shares is deferred and will be payable upon Mr. Kresa's separation from service with the company.
• Mr. Kresa elected to defer settlement of the underlying Class A Common Stock.

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 strategic or financial development.

Positives

• Director compensation structure includes equity-based incentives (phantom stock).
• The company has a plan in place for deferring compensation for non-employee directors.

Risks

• The value of the phantom stock is tied to the future performance of NuScale Power Corp.'s Class A Common Stock.
• Payment of the phantom stock is contingent on the reporting person's separation from service, introducing potential timing uncertainties.

Future Outlook

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

Industry Context

StockSavvy.ai notes that the use of phantom stock for director compensation is a common practice in the energy and technology sectors, allowing companies to align executive interests with shareholder value over the long term.

Stakeholder Impact

• Shareholders: The grant of phantom stock represents a form of compensation, which can impact dilution if converted to common stock. The deferral mechanism aligns director interests with long-term company performance.
• Employees: This filing does not directly impact employees but reflects the company's compensation practices for its board members.
• Management: The filing details a standard compensation practice for non-employee directors.

Next Steps

• Settlement of phantom stock upon Kent Kresa's separation from service with NuScale Power Corp.

Key Dates

Keywords

NuScale Power, SMR, Form 4, Insider Trading, Phantom Stock, Director Compensation, Deferred Compensation, Equity Awards, Securities Exchange Act