BOECKMANN ALAN L 4

What Happened

• Alan L. Boeckmann, a director of NuScale Power Corp (SMR), was granted 8,681 restricted stock units (RSUs) on May 29, 2026. The Form 4 reports the award as an acquisition (code A) at $0.00 (total reported value $0).
• Each RSU represents the right to receive one share of Class A common stock upon vesting. Boeckmann elected, under the issuer’s Deferred Compensation Plan for Non‑Employee Directors, to defer receipt of the underlying shares; he will instead receive an equal number of phantom shares, which entitle him to receive the actual shares upon his separation from service.

Key Details

• Transaction date: May 29, 2026 (Form 4 filed June 2, 2026).
• Award: 8,681 RSUs; reported price $0.00; reported value $0.
• Vesting: Quarterly in four equal installments over one year; first vesting event on August 29, 2026.
• Deferral: RSUs will convert to phantom stock (one phantom share per RSU) to be delivered as shares upon separation from service.
• Shares owned after transaction: Not specified in the provided filing.
• Timeliness: Form filed June 2, 2026; the filing shows no special late-filing notation.

Context

• This was a compensation award to a non‑employee director (not an open-market purchase or sale). Such awards are common for director compensation and do not by themselves indicate buying or selling sentiment. The RSUs will only become actual shares as they vest (and, per the deferral election, may be delivered later as phantom shares).