Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.
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.
| 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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| John Hopkins | $4,084,073 | — | — | — |
| Robert Hamady | 1,871,123 | — | — | — |
| Clayton Scott | 1,825,737 | — | — | — |
| Shahram Ghasemian | 1,793,360 | — | — | — |
| Carl Fisher | 1,620,538 | — | — | — |
| Jose Reyes | 1,387,450 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
No insider equity transactions reported since the proxy statement.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Jose Reyes | RSU | 2025-02-28 | — | — | 46,538 | — | $799,988 |
| Carl Fisher | RSU | 2025-02-28 | — | — | 58,173 | — | 999,994 |
| Shahram Ghasemian | RSU | 2025-06-30 | — | — | 21,486 | — | 849,986 |
| Robert Hamady | RSU | 2025-02-28 | — | — | 75,625 | — | 1,299,994 |
| John Hopkins | RSU | 2025-02-28 | — | — | 168,702 | — | 2,899,987 |
| Clayton Scott | RSU | 2025-02-28 | — | — | 69,808 | — | 1,200,000 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Jose Reyes | $799,988 | $0 | $0 | 0.0% |
| Carl Fisher | 999,994 | 0 | 0 | 0.0% |
| Shahram Ghasemian | 849,986 | 0 | 0 | 0.0% |
| Robert Hamady | 1,299,994 | 0 | 0 | 0.0% |
| John Hopkins | 2,899,987 | 0 | 0 | 0.0% |
| Clayton Scott | 1,200,000 | 0 | 0 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Carl Fisher | RSU | 42,625 | — | $603,966 |
| John Hopkins | RSU | 208,334 | — | 2,952,093 |
| John Hopkins | RSU | 168,702 | — | 2,390,507 |
| Robert Hamady | Option | 177,084 | 3.2 | — |
| Carl Fisher | RSU | 104,167 | — | 1,476,046 |
| Robert Hamady | RSU | 88,542 | — | 1,254,640 |
| Robert Hamady | RSU | 76,923 | — | 1,089,999 |
| Robert Hamady | RSU | 75,625 | — | 1,071,606 |
| Clayton Scott | RSU | 69,808 | — | 989,179 |
| Jose Reyes | RSU | 62,500 | — | 885,625 |
| Carl Fisher | RSU | 58,173 | — | 824,311 |
| Clayton Scott | RSU | 52,084 | — | 738,030 |
| Jose Reyes | RSU | 46,538 | — | 659,443 |
| John Hopkins | RSU | 39,284 | — | 556,654 |
| Jose Reyes | RSU | 26,640 | — | 377,484 |
| Clayton Scott | RSU | 19,054 | — | 269,995 |
| John Hopkins | Option | 416,667 | 3.2 | — |
| Clayton Scott | Option | 104,167 | 3.2 | — |
| Carl Fisher | Option | 208,334 | 3.2 | — |
| Jose Reyes | Option | 125,000 | 3.2 | — |
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | FW Cook |
| Clawback policy | — |
| Anti-hedging | true |
| Anti-pledging | — |
| 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.
| 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.
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Kent KresaIndependent · Executive · Special Committee (Chair) · Audit (Chair) · Compensation | $152,935 | $109,965 | $0 | — | $0 | $262,900 |
| Alan L. BoeckmannIndependent · Board Chair · Executive (Chair) · Compensation (Chair) · Nominating and Governance | 143,842 | 109,965 | 0 | — | 1 | 253,808 |
| Shinji FujinoIndependent · Special Committee · Audit | 132,935 | 109,965 | 0 | — | 0 | 242,900 |
| Bum-Jin ChungIndependent · Special Committee · Nominating/Governance | 127,935 | 109,965 | 0 | — | 0 | 237,900 |
| Kimberly O. WarnicaIndependent · Executive · Compensation · Nominating/Governance (Chair) · Audit | 98,219 | 109,965 | 0 | — | 1 | 208,185 |
| Diana WaltersIndependent · Audit | 90,000 | 109,965 | 0 | — | 0 | 199,965 |
| James T. HackettIndependent · Compensation · Audit · Departed during FY | 6,047 | 0 | 0 | — | 0 | 6,047 |
| John L. HopkinsEmployee director · Executive | — | — | — | — | — | 0 |
| Stuart HarshawIndependent · Newly elected | — | — | — | — | — | — |
| Dale KleinIndependent · Newly elected | — | — | — | — | — | — |
| 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 | $400,000 |
| 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.
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Of the companies Nuscale Power names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.
Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Nuscale Power.
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 | 820,000 | 7,547,987 | 0 | 0 | 8,377,033 |
| 3 | Nuscale Power | 2025 | John Hopkins | 632,615 | 2,899,987 | 0 | 512,785 | 4,084,073 |
| 4 | Ormat Technologies | 2025 | Doron Blachar | 641,062 | 2,000,000 | 0 | 816,000 | 3,618,005 |
| 5 | Bloom Energy | 2025 | KR Sridhar | 935,385 | 0 | 0 | 2,470,000 | 3,502,747 |
| 6 | Clearway Energy | 2025 | Craig Cornelius | 0 | 2,899,181 | 0 | 0 | 2,899,181 |
| 7 | Energy Fuels | 2025 | Andrew Littlefair | 787,062 | 947,868 | 0 | 867,973 | 2,698,546 |
| 8 | Centrus Energy | 2025 | Amir Vexler | 810,000 | 269,996 | 0 | 980,100 | 2,174,357 |
| — | Uranium Energy | — | — | — | — | — | — | not in coverage universe |
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.
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Nuscale Power | not disclosed | RSU 100 | not disclosed | FW Cook |
| Bloom Energy | 200% | PSU 50 · RSU 50 | No | Meridian |
| Centrus Energy | 121% | PSU 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 |
| Enphase Energy | 68.2% | PSU 67 · RSU 33 | Yes — Relative TSR vs. S&P 500 | Compensia |
| 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.
Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, John Hopkins | DEF 14A | 2026-04-15 | 0001822966-26-000042 | Section “Summary Executive Compensation Table” · page 44. As printed: 4,084,073. Filing ↗machine: r3 · c24 · span 447378–447387 |
| 2 | Section 01, Robert Hamady | DEF 14A | 2026-04-15 | 0001822966-26-000042 | Section “Summary Executive Compensation Table” · page 44. As printed: 1,871,123. Filing ↗machine: r7 · c24 · span 459063–459072 |
| 3 | Section 01, Clayton Scott | DEF 14A | 2026-04-15 | 0001822966-26-000042 | Section “Summary Executive Compensation Table” · page 44. As printed: 1,825,737. Filing ↗machine: r11 · c24 · span 471123–471132 |
| 4 | Section 01, Shahram Ghasemian | DEF 14A | 2026-04-15 | 0001822966-26-000042 | Section “Summary Executive Compensation Table” · page 44. As printed: 1,793,360. Filing ↗machine: r15 · c24 · span 482870–482879 |
| 5 | Section 01, Carl Fisher | DEF 14A | 2026-04-15 | 0001822966-26-000042 | Section “Summary Executive Compensation Table” · page 44. As printed: 1,620,538. Filing ↗machine: r19 · c24 · span 495090–495099 |
| 6 | Section 01, Jose Reyes | DEF 14A | 2026-04-15 | 0001822966-26-000042 | Section “Summary Executive Compensation Table” · page 44. As printed: 1,387,450. Filing ↗machine: r23 · c24 · span 506662–506671 |
| 7 | Section 03, Jose Reyes RSU | DEF 14A | 2026-04-15 | 0001822966-26-000042 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 561921–561928 |
| 8 | Section 03, Carl Fisher RSU | DEF 14A | 2026-04-15 | 0001822966-26-000042 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 556659–556666 |
| 9 | Section 03, Shahram Ghasemian RSU | DEF 14A | 2026-04-15 | 0001822966-26-000042 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗ |
| 10 | Section 03, Robert Hamady RSU | DEF 14A | 2026-04-15 | 0001822966-26-000042 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 541662–541671 |
| 11 | Section 03, John Hopkins RSU | DEF 14A | 2026-04-15 | 0001822966-26-000042 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 536653–536662 |
| 12 | Section 03, Clayton Scott RSU | DEF 14A | 2026-04-15 | 0001822966-26-000042 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 546543–546552 |
| 13 | Section 08, Kent Kresa | DEF 14A | 2026-04-15 | 0001822966-26-000042 | Section “Director Compensation”. As printed: 262,900. Filing ↗machine: span 769662–769669 |
| 14 | Section 08, Alan L. Boeckmann | DEF 14A | 2026-04-15 | 0001822966-26-000042 | Section “Director Compensation”. As printed: 253,808. Filing ↗machine: span 763607–763614 |
| 15 | Section 08, Shinji Fujino | DEF 14A | 2026-04-15 | 0001822966-26-000042 | Section “Director Compensation”. As printed: 242,900. Filing ↗machine: span 766630–766637 |
| 16 | Section 08, Bum-Jin Chung | DEF 14A | 2026-04-15 | 0001822966-26-000042 | Section “Director Compensation”. As printed: 237,900. Filing ↗machine: span 765119–765126 |
| 17 | Section 08, Kimberly O. Warnica | DEF 14A | 2026-04-15 | 0001822966-26-000042 | Section “Director Compensation”. As printed: 208,185. Filing ↗machine: span 772661–772668 |
| 18 | Section 08, Diana Walters | DEF 14A | 2026-04-15 | 0001822966-26-000042 | Section “Director Compensation”. As printed: 199,965. Filing ↗machine: span 770918–770925 |
| 19 | Section 08, James T. Hackett | DEF 14A | 2026-04-15 | 0001822966-26-000042 | Section “Director Compensation”. As printed: 6,047. Filing ↗machine: span 767467–767472 |
| 20 | Section 08, John L. Hopkins | DEF 14A | 2026-04-15 | 0001822966-26-000042 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 21 | Section 08, Stuart Harshaw | DEF 14A | 2026-04-15 | 0001822966-26-000042 | Section “Director Compensation”. As printed: —. Filing ↗ |
| 22 | Section 08, Dale Klein | DEF 14A | 2026-04-15 | 0001822966-26-000042 | Section “Director Compensation”. As printed: —. Filing ↗ |
| 23 | Section 06, 2026 vote | Form 8-K | 2026-06-02 | 0001822966-26-000058 | Item 5.07 · say-on-pay result. As reported: 96.34% (votes for as printed: 110,778,297). Filing ↗ |
| 24 | Section 03b vehicle mix (computed) | Computed | — | computed | RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio |
| 25 | Section 09b board cost (computed) | Computed | — | computed | Cash 751,913 + equity 659,790 + all other 2 = 1,411,705, summed across the director compensation table rows.machine: formula: Σ = 1,411,705 |
| 26 | Enphase Energy, Section 10b CEO total | DEF 14A | 2026-04-01 | 0001463101-26-000026 | CEO total compensation as printed in Enphase Energy's own proxy. As printed: 9,601,958. Filing ↗machine: span 731757–731766 |
| 27 | QuantumScape, Section 10b CEO total | DEF 14A | 2026-04-23 | 0001193125-26-173828 | CEO total compensation as printed in QuantumScape's own proxy. As printed: 8,377,033. Filing ↗machine: r2 · c6 · span 1137194–1137203 |
| 28 | Nuscale Power (subject), Section 10b CEO total | DEF 14A | 2026-04-15 | 0001822966-26-000042 | CEO total compensation as printed in Nuscale Power's own proxy. As printed: 4,084,073. Filing ↗machine: r3 · c24 · span 447378–447387 |
| 29 | Ormat Technologies, Section 10b CEO total | DEF 14A | 2026-04-21 | 0001193125-26-166752 | CEO total compensation as printed in Ormat Technologies's own proxy. As printed: 3,618,005. Filing ↗machine: r5 · c14 · span 1948476–1948485 |
| 30 | Bloom Energy, Section 10b CEO total | DEF 14A | 2026-04-08 | 0001628280-26-024237 | CEO total compensation as printed in Bloom Energy's own proxy. As printed: 3,502,747. Filing ↗machine: t217 · r2 · c17 · span 1617061–1617070 |
| 31 | Clearway Energy, Section 10b CEO total | DEF 14A | 2026-03-24 | 0001104659-26-033918 | CEO total compensation as printed in Clearway Energy's own proxy. As printed: 2,899,181. Filing ↗machine: r1 · c53 · span 1183724–1183733 |
| 32 | Energy Fuels, Section 10b CEO total | DEF 14A | 2026-04-30 | 0001104659-26-052378 | CEO total compensation as printed in Energy Fuels's own proxy. As printed: 2,698,546. Filing ↗machine: t150 · r6 · c14 · span 789888–789897 |
| 33 | Centrus Energy, Section 10b CEO total | DEF 14A | 2026-04-24 | 0001628280-26-027241 | CEO total compensation as printed in Centrus Energy's own proxy. As printed: 2,174,357. Filing ↗machine: r2 · c54 · span 544666–544676 |
| 34 | Section 10a, Enphase Energy reciprocity | DEF 14A | — | 0001463101-26-000026 | Enphase Energy's most recent proxy was read; its disclosed peer group does not include Nuscale Power. Filing ↗ |
| 35 | Section 10a, Energy Fuels reciprocity | DEF 14A | — | 0001104659-26-052378 | Energy Fuels's most recent proxy was read; its disclosed peer group does not include Nuscale Power. Filing ↗ |
| 36 | Section 10a, Centrus Energy reciprocity | DEF 14A | — | 0001628280-26-027241 | Centrus Energy's most recent proxy was read; its disclosed peer group does not include Nuscale Power. Filing ↗ |
| 37 | Section 10a, QuantumScape reciprocity | DEF 14A | — | 0001193125-26-173828 | QuantumScape's most recent proxy was read; its disclosed peer group does not include Nuscale Power. Filing ↗ |
| 38 | Section 10a, Bloom Energy reciprocity | DEF 14A | — | 0001628280-26-024237 | Bloom Energy's most recent proxy was read; its disclosed peer group does not include Nuscale Power. Filing ↗ |
| 39 | Section 10a, Clearway Energy reciprocity | DEF 14A | — | 0001104659-26-033918 | Clearway Energy's most recent proxy was read; its disclosed peer group does not include Nuscale Power. Filing ↗ |