Companies Nuscale Power Corp
Nuscale Power (SMR): executive pay, fiscal 2025
Free brief. Every figure links to the company’s own filing.
Velarion Intel: free for 3 days, no card →Email me Nuscale Power Corp’s executive pay brief as a PDF
You get it on this page the moment you ask, and a copy by email. Every figure is cited to its filing.
After the PDF, up to three short notes on the deeper reports for this company. Reply “unsubscribe” to any of them, any time.
CEO vs. named peers42nd pct.Of 12 peer CEOs
CEO pay, last three years
- $2,280,220FY2023
- $3,428,071FY2024
- $4,084,073FY2025
CEO total pay was $4,084,073 in fiscal 2025, up from $3,428,071 in fiscal 2024.
FY2025: salary $632,615 · bonus $0 · stock awards $2,899,987 · option awards $0
Executives and directors
Carl Fisher · COOJohn Hopkins · CEOJose Reyes · CTOClayton Scott · CCORobert Hamady · CFOShahram Ghasemian · General CounselAlan L. Boeckmann · Chair of the BoardBum-Jin Chung · Independent DirectorDiana Walters · Independent DirectorJames T. Hackett · Former director (through FY2025)Kent Kresa · Independent DirectorKimberly O. Warnica · Independent DirectorShinji Fujino · Independent Director
Frequently asked questions
Who was the highest-paid executive at Nuscale Power Corp in fiscal 2025?
As disclosed, John Hopkins (President and Chief Executive Officer) was the highest-paid executive at Nuscale Power Corp in fiscal 2025, with total compensation of $4,084,073.
How does Nuscale Power Corp's chief executive pay compare to its disclosed peer group?
As disclosed, John Hopkins's total compensation ranked at the 42nd percentile of Nuscale Power Corp's disclosed peer group.
How did shareholders vote on Nuscale Power Corp's executive compensation?
As disclosed, 96.34% of shareholders supported Nuscale Power Corp's executive compensation in the latest say-on-pay vote.
How much does Nuscale Power Corp spend in total on board compensation for fiscal 2025?
As disclosed, Nuscale Power Corp reported total board compensation of $1,411,705 for fiscal 2025.
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| John Hopkins | $632,615 | $0 | $2,899,987 | $0 | $512,785 | $0 | $38,686 | $4,084,073 |
| President and Chief Executive Officer | ||||||||
| Robert Hamady | 408,175 | 0 | 1,299,994 | 0 | 133,630 | 0 | 29,324 | 1,871,123 |
| Chief Financial Officer | ||||||||
| Clayton Scott | 426,172 | 0 | 1,200,000 | 0 | 138,138 | 0 | 61,427 | 1,825,737 |
| Chief Commercial Officer | ||||||||
| Shahram Ghasemian | 123,077 | 0 | 849,986 | 0 | 0 | 0 | 820,297 | 1,793,360 |
| Chief Legal Officer & Corporate Secretary | ||||||||
| Carl Fisher | 445,418 | 0 | 999,994 | 0 | 144,256 | 0 | 30,870 | 1,620,538 |
| Chief Operating Officer | ||||||||
| Jose Reyes | 415,123 | 0 | 799,988 | 0 | 134,596 | 0 | 37,743 | 1,387,450 |
| Chief Technology Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| John Hopkins | $4,084,073 | $3,428,071 | $2,280,220 | ↑ +656,002 |
| Robert Hamady | 1,871,123 | 1,551,216 | 1,635,879 | ↑ +319,907 |
| Clayton Scott | 1,825,737 | 1,206,638 | 1,185,915 | ↑ +619,099 |
| Shahram Ghasemian | 1,793,360 | — | — | — |
| Carl Fisher | 1,620,538 | 1,801,447 | 1,287,610 | ↓ −180,909 |
| Jose Reyes | 1,387,450 | 1,298,168 | 1,403,751 | ↑ +89,282 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
We offer a balanced compensation package that includes competitive base pay and incentive compensation that rewards both short and long-term value creation.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | FW Cook |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | — |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Robert Hamady | RSU | 2025-02-28 | — | — | 75,625 | — | $1,299,994 |
| Jose Reyes | RSU | 2025-02-28 | — | — | 46,538 | — | 799,988 |
| Clayton Scott | RSU | 2025-02-28 | — | — | 69,808 | — | 1,200,000 |
| Carl Fisher | RSU | 2025-02-28 | — | — | 58,173 | — | 999,994 |
| John Hopkins | RSU | 2025-02-28 | — | — | 168,702 | — | 2,899,987 |
| Shahram Ghasemian | RSU | 2025-06-30 | — | — | 21,486 | — | 849,986 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Robert Hamady | $1,299,994 | $0 | $0 | 0.0% |
| Jose Reyes | 799,988 | 0 | 0 | 0.0% |
| Clayton Scott | 1,200,000 | 0 | 0 | 0.0% |
| Carl Fisher | 999,994 | 0 | 0 | 0.0% |
| John Hopkins | 2,899,987 | 0 | 0 | 0.0% |
| Shahram Ghasemian | 849,986 | 0 | 0 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Clayton Scott | RSU | 19,054 | — | $269,995 |
| Jose Reyes | RSU | 26,640 | — | 377,484 |
| John Hopkins | RSU | 39,284 | — | 556,654 |
| Carl Fisher | RSU | 42,625 | — | 603,966 |
| Jose Reyes | RSU | 46,538 | — | 659,443 |
| Clayton Scott | RSU | 52,084 | — | 738,030 |
| Carl Fisher | RSU | 58,173 | — | 824,311 |
| Jose Reyes | RSU | 62,500 | — | 885,625 |
| Clayton Scott | RSU | 69,808 | — | 989,179 |
| Robert Hamady | RSU | 75,625 | — | 1,071,606 |
| Robert Hamady | RSU | 76,923 | — | 1,089,999 |
| Robert Hamady | RSU | 88,542 | — | 1,254,640 |
| Carl Fisher | RSU | 104,167 | — | 1,476,046 |
| Clayton Scott | Option | 104,167 | 3.2 | — |
| Jose Reyes | Option | 125,000 | 3.2 | — |
| John Hopkins | RSU | 168,702 | — | 2,390,507 |
| Robert Hamady | Option | 177,084 | 3.2 | — |
| John Hopkins | RSU | 208,334 | — | 2,952,093 |
| Carl Fisher | Option | 208,334 | 3.2 | — |
| John Hopkins | Option | 416,667 | 3.2 | — |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Kent KresaIndependent · Audit (Chair) · Compensation · Executive · Special Committee (Chair) | $152,935 | $109,965 | $0 | — | $0 | $262,900 |
| Alan L. BoeckmannIndependent · Board Chair · Compensation (Chair) · Nominating and Governance · Executive | 143,842 | 109,965 | 0 | — | 1 | 253,808 |
| Shinji FujinoIndependent · Special Committee · Audit | 132,935 | 109,965 | 0 | — | 0 | 242,900 |
| Bum-Jin ChungIndependent · Nominating and Governance · Special Committee | 127,935 | 109,965 | 0 | — | 0 | 237,900 |
| Kimberly O. WarnicaIndependent · Compensation · Nominating and Governance (Chair) · Executive | 98,219 | 109,965 | 0 | — | 1 | 208,185 |
| Diana WaltersIndependent · Audit | 90,000 | 109,965 | 0 | — | 0 | 199,965 |
| James T. HackettIndependent · Departed during FY | 6,047 | 0 | 0 | — | 0 | 6,047 |
| John L. HopkinsEmployee director · Executive | — | — | — | — | — | 0 |
| Stuart HarshawIndependent · Newly elected | — | — | — | — | — | — |
| Dale KleinIndependent · Newly elected | — | — | — | — | — | — |
Board fee structure and ownership guideline
| Annual cash retainer | $80,000 |
|---|---|
| Annual equity retainer | $110,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 12,500 / 8,000 / 6,500 |
| Stock ownership guideline | $5 |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $751,913 |
| Equity awards (grant-date value) | $659,790 |
| All other compensation | $2 |
| Total cost of the board | $1,411,705 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Nuscale Power as a peer
Companies that benchmark against SMR
3 companies name SMR as a compensation peer
- FUELCELL ENERGY INCFCELFY2025
- LIGHTBRIDGE CorpLTBRFY2025
- Nano Nuclear Energy Inc.NNEFY2025
- PureCycle Technologies, Inc.PCTFY2025
Each company listed discloses SMR in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named SMR in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Disclosed peer group — fiscal year 2025
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
EVGO EVgoBE Bloom EnergyCWEN Clearway EnergyENVX EnovixLEU Centrus EnergyQS QuantumScapeORA Ormat TechnologiesENPH Enphase EnergyUEC Uranium EnergyCLNE Energy FuelsOKLO OkloEOSE Eos Energy
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Enphase Energy | 2025 | Badrinarayanan Kothandaraman | $450,000 | $8,844,624 | $0 | $306,752 | $9,601,958 |
| 2 | QuantumScape | 2025 | Siva Sivaram | 821,538 | 7,547,987 | 0 | 0 | 8,377,033 |
| 3 | Enovix | 2025 | Raj Talluri | 617,505 | 6,999,998 | 0 | 375,422 | 7,996,489 |
| 4 | Oklo | 2025 | Jacob DeWitte | 625,000 | 5,991,910 | 0 | 0 | 7,037,160 |
| 5 | Uranium Energy | 2025 | Amir Adnani | 660,000 | 3,998,055 | 0 | 1,452,000 | 6,356,248 |
| 6 | Eos Energy | 2025 | Joe Mastrangelo | 708,269 | 4,007,193 | 0 | 0 | 4,854,452 |
| 7 | EVgo | 2025 | Badar Khan | 733,333 | 3,296,298 | 0 | 677,013 | 4,714,724 |
| 8 | Nuscale Power Corp | 2025 | John Hopkins | 632,615 | 2,899,987 | 0 | 512,785 | 4,084,073 |
| 9 | Ormat Technologies | 2025 | Doron Blachar | 641,062 | 2,000,000 | 0 | 816,000 | 3,618,005 |
| 10 | Bloom Energy | 2025 | KR Sridhar | 935,385 | 0 | 0 | 2,470,000 | 3,502,747 |
| 11 | Clearway Energy | 2025 | Craig Cornelius | 0 | 2,899,181 | 0 | 0 | 2,899,181 |
| 12 | Energy Fuels | 2025 | Andrew Littlefair | 787,062 | 947,868 | 0 | 867,973 | 2,698,546 |
| 13 | Centrus Energy | 2025 | Amir Vexler | 810,000 | 269,996 | 0 | 980,100 | 2,174,357 |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Nuscale Power Corp | not disclosed | RSU 100 | not disclosed | FW Cook |
| Bloom Energy | 200% | RSU 50 · PSU 50 | No | Meridian |
| Centrus Energy | not disclosed | PRSU 100 | No | WTW |
| Clearway Energy | 123% | PSU 67 · RSU 33 | Yes — Relative TSR | Pay Governance |
| Energy Fuels | 111% | RSU 50 · PSU 50 | No | Semler Brossy |
| Enovix | not disclosed | RSU 50 · PRSU 50 | not disclosed | Compensia, Inc. |
| Enphase Energy | 68.2% | PSU 67 · RSU 33 | Yes — Relative TSR vs. S&P 500 | Compensia |
| Eos Energy | not disclosed | RSU 50 · PRSU 50 | not disclosed | Pay Governance |
| EVgo | not disclosed | PSU 60 · RSU 40 | not disclosed | Pay Governance |
| Oklo | not disclosed | RSU 100 | not disclosed | CBIZ, Inc. |
| Ormat Technologies | 97% | PSU 60 · RSU 40 | Yes — Relative TSR | F.W. Cook & Co. |
| QuantumScape | 100% | PSU 70 · RSU 30 | No | Compensia |
| Uranium Energy | not disclosed | not disclosed | not disclosed | not disclosed |
Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-29 | 110,778,297 | 4,203,069 | 849,062 | 96.34% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-05-29 | 96.34%a |
a. Voting standard not stated in the filing.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (39 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, John Hopkins. DEF 14A, filed 2026-04-15. Section “Summary Executive Compensation Table” · page 44. As printed: 4,084,073. View filing ↗
- Section 01, Robert Hamady. DEF 14A, filed 2026-04-15. Section “Summary Executive Compensation Table” · page 44. As printed: 1,871,123. View filing ↗
- Section 01, Clayton Scott. DEF 14A, filed 2026-04-15. Section “Summary Executive Compensation Table” · page 44. As printed: 1,825,737. View filing ↗
- Section 01, Shahram Ghasemian. DEF 14A, filed 2026-04-15. Section “Summary Executive Compensation Table” · page 44. As printed: 1,793,360. View filing ↗
- Section 01, Carl Fisher. DEF 14A, filed 2026-04-15. Section “Summary Executive Compensation Table” · page 44. As printed: 1,620,538. View filing ↗
- Section 01, Jose Reyes. DEF 14A, filed 2026-04-15. Section “Summary Executive Compensation Table” · page 44. As printed: 1,387,450. View filing ↗
- Section 03, Robert Hamady RSU. DEF 14A, filed 2026-04-15. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Jose Reyes RSU. DEF 14A, filed 2026-04-15. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Clayton Scott RSU. DEF 14A, filed 2026-04-15. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Carl Fisher RSU. DEF 14A, filed 2026-04-15. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, John Hopkins RSU. DEF 14A, filed 2026-04-15. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Shahram Ghasemian RSU. DEF 14A, filed 2026-04-15. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 08, Kent Kresa. DEF 14A, filed 2026-04-15. Section “Director Compensation”. As printed: 262,900. View filing ↗
- Section 08, Alan L. Boeckmann. DEF 14A, filed 2026-04-15. Section “Director Compensation”. As printed: 253,808. View filing ↗
- Section 08, Shinji Fujino. DEF 14A, filed 2026-04-15. Section “Director Compensation”. As printed: 242,900. View filing ↗
- Section 08, Bum-Jin Chung. DEF 14A, filed 2026-04-15. Section “Director Compensation”. As printed: 237,900. View filing ↗
- Section 08, Kimberly O. Warnica. DEF 14A, filed 2026-04-15. Section “Director Compensation”. As printed: 208,185. View filing ↗
- Section 08, Diana Walters. DEF 14A, filed 2026-04-15. Section “Director Compensation”. As printed: 199,965. View filing ↗
- Section 08, James T. Hackett. DEF 14A, filed 2026-04-15. Section “Director Compensation”. As printed: 6,047. View filing ↗
- Section 08, John L. Hopkins. DEF 14A, filed 2026-04-15. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Stuart Harshaw. DEF 14A, filed 2026-04-15. Section “Director Compensation”. As printed: —. View filing ↗
- Section 08, Dale Klein. DEF 14A, filed 2026-04-15. Section “Director Compensation”. As printed: —. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-06-02. Item 5.07 · say-on-pay result. As reported: 96.34% (votes for as printed: 110,778,297). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 751,913 + equity 659,790 + all other 2 = 1,411,705, summed across the director compensation table rows.
- Enphase Energy, Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in Enphase Energy's own proxy. As printed: 9,601,958. View filing ↗
- QuantumScape, Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in QuantumScape's own proxy. As printed: 8,377,033. View filing ↗
- Enovix, Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Enovix's own proxy. As printed: 7,996,489. View filing ↗
- Oklo, Section 10b CEO total. DEF 14A, filed 2026-04-21. CEO total compensation as printed in Oklo's own proxy. As printed: 7,037,160. View filing ↗
- Uranium Energy, Section 10b CEO total. DEF 14A, filed 2026-06-10. CEO total compensation as printed in Uranium Energy's own proxy. As printed: 6,356,248. View filing ↗
- Eos Energy, Section 10b CEO total. DEF 14A, filed 2026-04-14. CEO total compensation as printed in Eos Energy's own proxy. As printed: 4,854,452. View filing ↗
- EVgo, Section 10b CEO total. DEF 14A, filed 2026-04-03. CEO total compensation as printed in EVgo's own proxy. As printed: 4,714,724. View filing ↗
- Nuscale Power Corp (subject), Section 10b CEO total. DEF 14A, filed 2026-04-15. CEO total compensation as printed in Nuscale Power Corp's own proxy. As printed: 4,084,073. View filing ↗
- Ormat Technologies, Section 10b CEO total. DEF 14A, filed 2026-04-21. CEO total compensation as printed in Ormat Technologies's own proxy. As printed: 3,618,005. View filing ↗
- Bloom Energy, Section 10b CEO total. DEF 14A, filed 2026-04-08. CEO total compensation as printed in Bloom Energy's own proxy. As printed: 3,502,747. View filing ↗
- Clearway Energy, Section 10b CEO total. DEF 14A, filed 2026-03-24. CEO total compensation as printed in Clearway Energy's own proxy. As printed: 2,899,181. View filing ↗
- Energy Fuels, Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Energy Fuels's own proxy. As printed: 2,698,546. View filing ↗
- Centrus Energy, Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Centrus Energy's own proxy. As printed: 2,174,357. View filing ↗