Form 4: NuScale Power Director Receives Phantom Stock Grant

NuScale Power Corp. reports that Director Alan L. Boeckmann was granted 3,681 shares of phantom stock as compensation for director fees.

Summary

• Alan L. Boeckmann, a Director at NuScale Power Corp., received a grant of 3,681 shares of phantom stock on June 30, 2026.
• This grant is in lieu of quarterly cash fees for his services as a director.
• The phantom stock is part of the issuer's Deferred Compensation Plan for Non-Employee Directors.
• Each share of phantom stock represents the right to receive one share of Class A Common Stock.
• Settlement of the underlying shares is deferred until Mr. Boeckmann's separation from service with the issuer.
• The total beneficial ownership reported includes the new grant, previously reported phantom stock, and Class A Common Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it pertains to standard director compensation and does not provide new financial performance data or strategic shifts.

Positives

• Director compensation is being provided through equity-based awards, aligning director interests with shareholders.
• The company has a formal plan in place for compensating non-employee directors.
• The grant is a standard practice for director compensation in many public companies.

Negatives

• The filing does not contain any negative financial or operational information.

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 compensation plans can have implications for future cash flow if a large number of directors separate from service simultaneously.

Future Outlook

The future outlook is not directly addressed in this filing, which focuses on a change in beneficial ownership. The value of the phantom stock is contingent on the future performance of NuScale Power Corp.

Management Comments

• "In lieu of quarterly cash fees, 3,681 shares of phantom stock were granted on June 30, 2026, to the reporting person."
• "Pursuant to the issuer's Deferred Compensation Plan for Non-Employee Directors, the reporting person elected to defer settlement of the underlying shares of Class A Common Stock."
• "Each share of phantom stock represents the right to receive one share of Class A Common Stock."
• "The phantom stock becomes payable upon the reporting person's separation from service with the issuer."

Industry Context

StockSavvy.ai notes that the issuance of phantom stock as director compensation is a common practice within the energy and technology sectors, particularly for companies seeking to conserve cash while incentivizing long-term commitment from their board members.

Comparison to Industry Standards

• Many technology and energy companies, including those in the advanced nuclear sector, utilize phantom stock or restricted stock units (RSUs) for director compensation to align board interests with shareholder value and manage cash outflow.
• Companies like Xcel Energy and Duke Energy have historically used similar equity-based compensation for their non-employee directors.

Corporate Governance

Stakeholder Impact

• Shareholders: The grant of phantom stock aligns director incentives with the company's stock performance, potentially benefiting shareholders if the stock appreciates.
• Employees: No direct impact on employees is indicated in this filing.
• Creditors: No direct impact on creditors is indicated in this filing.

Next Steps

• The phantom stock will become payable upon Alan L. Boeckmann's separation from service with NuScale Power Corp.

Key Dates

Keywords

NuScale Power, SMR, Form 4, Director Compensation, Phantom Stock, Deferred Compensation, Insider Trading, Securities Ownership