Form 4: NuScale Power Director Receives Phantom Stock Grant

NuScale Power Corp. director Kent Kresa was granted 2,702 shares of phantom stock as compensation for his services.

Summary

• Kent Kresa, a Director at NuScale Power Corp. (SMR), received a grant of 2,702 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 Kresa's separation from service with NuScale Power.
• 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 filing as neutral, as it reports on standard director compensation and does not provide new financial performance or strategic information.

Positives

• Director compensation is being provided through equity, aligning director interests with shareholders.
• The company has a plan in place to compensate non-employee directors, indicating established governance practices.

Negatives

• The filing does not contain financial performance data, making it difficult to assess the company's overall health.
• The compensation is in phantom stock, which does not provide immediate liquidity or direct ownership of common stock.

Risks

• The value of the phantom stock is tied to the future performance of NuScale Power's Class A Common Stock, which carries inherent market risk.
• Deferred compensation is subject to the company's continued solvency; if the company faces financial distress, the value of the deferred compensation could be impacted.

Future Outlook

The future outlook is not directly addressed in this filing, as it pertains to a director's compensation and ownership changes rather than company financial projections.

Management Comments

• "In lieu of quarterly cash fees, 2,702 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 use of phantom stock for director compensation is a common practice in the energy and technology sectors, aiming to align long-term incentives with company performance.

Corporate Governance

Stakeholder Impact

• Shareholders: The grant of phantom stock aligns director interests with long-term shareholder value, as the value of the phantom stock is tied to the company's stock performance.
• Employees: This filing does not directly impact employees.
• Creditors: This filing does not directly impact creditors.

Next Steps

• The phantom stock will become payable upon Kent Kresa's separation from service with NuScale Power.

Key Dates

Keywords

NuScale Power, SMR, Form 4, Director Compensation, Phantom Stock, Deferred Compensation, Equity Grant, SEC Filing, Insider Trading