NuScale Power (NYSE: SMR) CFO sells shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NuScale Power Chief Financial Officer Robert Ramsey Hamady reported a mix of equity awards, conversions, and a tax‑related share sale. He sold 18,570 shares of Class A common stock in an open‑market transaction at $12.22 per share to cover tax withholding tied to restricted stock unit vesting through a “sell to cover” arrangement.
He also received a new grant of 128,404 restricted stock units, which vest in three equal annual installments beginning on the grant anniversary. In connection with RSU vesting, he exercised and converted 44,271 and 25,208 restricted stock units into the same number of Class A shares on a one‑for‑one basis. After these transactions, he directly owned 97,192 Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 18,570 shares ($226,925)
Net Sell
6 txns
Insider
Hamady Robert Ramsey
Role
Chief Financial Officer
Sold
18,570 shs ($227K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 18,570 | $12.22 | $227K |
| Exercise | Restricted Stock Unit | 44,271 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 25,208 | $0.00 | -- |
| Exercise | Class A Common Stock | 44,271 | $0.00 | -- |
| Exercise | Class A Common Stock | 25,208 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 128,404 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 97,192 shares (Direct);
Restricted Stock Unit — 44,271 shares (Direct)
Footnotes (1)
- Restricted stock units convert into Class A Common Stock on a one-for-one basis. The sales reported on this Form 4 represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. The sales were to satisfy tax withholding obligations to be funded by a "sell to cover" transaction. On February 28, 2024, the reporting person was granted 132,812 restricted stock units, vesting annually in three equal installments beginning on the anniversary of the grant date On February 28, 2025, the reporting person was granted 75,625 restricted stock units, vesting annually in three equal installments beginning on the anniversary of the grant date. On February 28, 2026, the reporting person was granted 128,404 restricted stock units, vesting annually in three equal installments beginning on the anniversary of the grant date.
FAQ
What stock transactions did NuScale Power (SMR) CFO Robert Ramsey Hamady report?
NuScale Power CFO Robert Ramsey Hamady reported RSU grants, RSU conversions, and a related tax sale. He exercised restricted stock units into Class A shares and sold a portion of those shares solely to cover tax withholding obligations via a "sell to cover" transaction.
What new restricted stock unit award did the NuScale Power (SMR) CFO receive?
He received a grant of 128,404 restricted stock units with a three‑year vesting schedule. These RSUs vest annually in three equal installments beginning on the anniversary of the February 28, 2026 grant date, and each unit converts into one share of Class A common stock.