Form 4: NuScale Power Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Clayton Scott, Chief Commercial Officer of NuScale Power, sold shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- Clayton Scott, the Chief Commercial Officer of NuScale Power Corp, filed a Form 4 detailing changes in beneficial ownership.
- On May 2, 2025, Scott acquired 22,875 shares of Class A Common Stock and disposed of the same amount.
- These shares were acquired through the vesting of restricted stock units.
- Also on May 2, 2025, Scott disposed of 22,875 restricted stock units.
- On May 5, 2025, Scott sold 10,019 shares of Class A Common Stock at a price of $16.783 per share.
- This sale was to cover tax withholding obligations related to the vesting of the restricted stock units.
- Following these transactions, Scott directly owns 86,965 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's prospects.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies. They can be influenced by factors such as company performance, personal financial planning, and tax considerations. It is important to consider the broader context of the company's performance and industry trends when interpreting these transactions.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact given the context of tax obligations.
Key Dates
| Date | Description |
|---|---|
| 07/08/2022 | Reporting person was granted 68,627 restricted stock units, vesting in three equal installments beginning on the first anniversary of the merger on May 2, 2023 |
| 05/02/2023 | First vesting date of restricted stock units granted on July 8, 2022 |
| 05/02/2025 | Restricted stock units vested and settled for Class A Common Stock; shares acquired and disposed of to cover tax obligations. |
| 05/05/2025 | Shares of Class A Common Stock sold to cover tax withholding obligations. |
| 05/06/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, NuScale Power, Clayton Scott, Restricted Stock Units, Beneficial Ownership, Tax Withholding, Class A Common Stock, SMR
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