FLUOR CORP 4
Research Summary
AI-generated summary
NuScale Power (SMR) 10% Owner Fluor Sells 463,747 Shares
What Happened
Fluor Corporation (reporting as a 10% owner) sold 463,747 shares of NuScale Power Class A common stock on February 26, 2026. The reported weighted average price was $13.15 per share, for proceeds of approximately $6,096,696. The shares were sold in multiple transactions at prices ranging from $12.78 to $13.451 (per footnote).
Key Details
- Transaction date: 2026-02-26; Form 4 filed: 2026-03-02 (filed within required timeframe).
- Sale type/code: S (open‑market or private sale reported); weighted average price $13.15; price range $12.78–$13.451.
- Shares sold: 463,747; proceeds ≈ $6,096,696.
- Beneficial ownership reported (per footnote): Fluor Enterprises, Inc. beneficially owns 39,936,472 shares of Class A common stock. The 463,747 shares sold were beneficially owned by NuScale Holdings Corp., which is majority owned by Fluor Enterprises.
- Noted footnotes: F1 explains the weighted average and the per‑share price range and offers to provide transaction‑level detail on request; F2 explains the ownership chain (Fluor Enterprises → Fluor Corporation → NuScale Holdings).
- No indication in the filing of a 10b5‑1 plan or option exercise; this is an institutional sale, not an individual executive trade.
Context
This is an institutional disposition by a 10% owner (Fluor) rather than a personal trade by an executive. Sales by large shareholders can be routine portfolio or strategic moves and do not, by themselves, indicate management sentiment. Retail investors should combine this information with other filings and company fundamentals before drawing conclusions.