BOECKMANN ALAN L 4

What Happened

• Alan L. Boeckmann, a director of NuScale Power Corp (SMR), was granted 3,470 shares of phantom stock on March 31, 2026. The grant is recorded as an award/acquisition (derivative) with an acquisition price of $0.00. The phantom shares are payable in Class A common stock on a one-for-one basis upon the reporting person's separation from service.

Key Details

• Transaction date: March 31, 2026; Filing date: April 2, 2026 (Form 4 accession 0001194751-26-000002).
• Transaction type/code: A — Grant/Award (derivative phantom stock); reported acquisition amount: 3,470 shares at $0.00.
• Footnotes: (1) Each phantom share equals the right to one Class A common share on a one-for-one basis. (2) The grant replaces quarterly cash fees; Boeckmann elected to defer settlement under the Company’s Deferred Compensation Plan for Non-Employee Directors. Phantom stock becomes payable upon separation from service.
• Shares owned after transaction: Not specified in the provided filing.
• Timeliness: Filing shows April 2, 2026 reporting a March 31 transaction; no late-filing flag is indicated in the provided details.

Context

• These phantom shares are a form of deferred compensation, not an immediate market purchase or sale. They do not represent immediate transfer of Class A shares or cash — value will materialize only if and when the phantom shares are settled (upon separation) and will track the company’s common stock on a one-for-one basis per the footnote. This is a routine director compensation mechanism and should be interpreted as a non-cash award rather than an open-market investment by the director.