Richard Emery
CENTRUS ENERGYAbout Richard Emery
Richard D. Emery was appointed Acting General Counsel, Chief Compliance Officer, and Corporate Secretary of Centrus Energy Corp. effective June 29, 2025; he previously served as Deputy General Counsel and Director, Corporate Compliance . His initial Form 3 shows beneficial ownership of 281 RSUs that vest March 4, 2027, each RSU delivering one share upon vesting . As operating context for his tenure, Centrus reported FY2024 revenue of $442 million, net income of $73.2 million, gross profit of $111.5 million, and a backlog of $3.7 billion, alongside strong share price performance in 2024 .
Past Roles
| Organization | Role | Period | Strategic Impact |
|---|---|---|---|
| Centrus Energy Corp. | Deputy General Counsel & Director, Corporate Compliance | Through June 29, 2025 (prior to appointment as Acting GC/CCO/Corporate Secretary) | Oversaw legal and compliance, including Section 16 administration (attorney-in-fact authorizations for senior officers) |
External Roles
No external directorships or outside roles were disclosed in the available filings.
Fixed Compensation
No base salary, target bonus percentage, or perquisites for Richard Emery were disclosed in the available filings.
Performance Compensation
| Award Type | Number of Units | Vesting | Ownership Form | Notes |
|---|---|---|---|---|
| Restricted Stock Units (RSUs) | 281 | Vests March 4, 2027; shares delivered as soon as administratively practicable following vesting | Direct | Each RSU represents the right to receive one share of Class A common stock |
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Total beneficial ownership | 281 RSUs (unvested) |
| Ownership as % of Class A outstanding | ~0.0017% (281 RSUs ÷ 16,318,066 Class A shares outstanding as of April 21, 2025 ) |
| Vested vs. unvested | Unvested: 281 RSUs ; no non-derivative share ownership disclosed in Form 3 |
| Hedging/pledging policy | Officers are prohibited from hedging or pledging company securities under Centrus’ Securities Trading and Confidentiality Policies |
| Stock ownership guidelines | Officers are expected to hold stock equal to at least 1x base salary (CEO 2x), with a 50% retention requirement until target met |
| Clawback policy | Company maintains clawback provisions under the 2014 Equity Plan and a 2023 Exchange Act 10D-compliant policy for incentive-based compensation |
Employment Terms
| Term | Description | Applicability/Disclosure |
|---|---|---|
| Appointment | Acting General Counsel, Chief Compliance Officer & Corporate Secretary, effective June 29, 2025 | Disclosed |
| Executive Severance Plan (2025 revision) | If a covered executive is terminated without cause: lump-sum cash severance (generally 1x base salary for NEOs) plus medical/dental for one year and outplacement; pro-rata bonus at discretion | Plan terms disclosed; Emery’s individual participation not disclosed |
| Change-in-control agreements | For NEOs: 2x salary+bonus cash lump sum, plus two years of benefits, double-trigger, subject to non-compete/non-solicit/confidentiality | NEO terms disclosed; Emery’s individual arrangement not disclosed |
| Clawback | Incentive compensation recovery per 2014 Plan and 10D policy | Company policy |
| Insider trading & pledging | Hedging and pledging prohibited | Company policy |
Performance & Track Record
| Metric | FY 2024 |
|---|---|
| Revenue ($MM) | $442 |
| Net Income ($MM) | $73.2 |
| Gross Profit ($MM) | $111.5 |
| Backlog | $3.7B through 2040 |
| Commercial/Strategic achievements | DOE contract awards for HALEU, LEU, and HALEU deconversion; continued HALEU production and delivered 545 kg to DOE |
| Balance sheet | Unrestricted cash $671MM at year-end 2024, including $402.5MM convertible notes issuance |
Additional Filings & Authority
- Richard Emery executed a continuing Power of Attorney to file Forms 3/4/5/144 on his own behalf (September 30, 2025) .
- He also acted as attorney-in-fact for the CFO in Section 16 filings (July–August 2025), evidencing operational control of compliance processes .
Investment Implications
- Alignment and selling pressure: A modest RSU position (281 units) vesting in March 2027 implies negligible near-term selling pressure and limited immediate equity exposure; anti-hedging/pledging policies further limit misalignment risk .
- Retention/transition risk: Appointment as Acting GC/CCO/Corporate Secretary following a June 2025 leadership transition indicates key-man continuity risk typical of interim roles; individual severance or CIC protections for Emery are not disclosed, reducing visibility into retention economics .
- Governance/compliance signal: Emery’s attorney-in-fact roles and Section 16 administration suggest strong internal compliance stewardship, a positive indicator for disclosure control quality .
- Company performance backdrop: Robust FY2024 financials and DOE awards provide favorable operating context; however, macro risks (Ukraine-related sanctions, Russian supply restrictions) persist and require legal/compliance oversight, directly relevant to Emery’s mandate .