NUCOR (NUE) director Lamach reports 755-share equity grant and updated holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NUCOR CORP director Michael W. Lamach reported an acquisition of 755 shares of Common Stock as a compensation award. The award is recorded at a price of $0.0000 per share, reflecting a grant rather than an open-market purchase. Following this award, he holds 4,555 directly owned shares of NUCOR CORP common stock. The filing also shows indirect holdings of 55 shares held by a trust for the benefit of his spouse and 70 shares held by a trust for his benefit. According to the footnote, these shares are tied to restricted stock units that vest immediately upon grant, with the underlying shares issuable to him, or his estate if applicable, as soon as administratively practicable after his service on the board of directors ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
LAMACH MICHAEL W
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 755 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,555 shares (Direct, null);
Common Stock — 70 shares (Indirect, By Trust for Benefit of Reporting Person)
Footnotes (1)
- [object Object]
Key Figures
Equity grant: 755 shares
Grant price: $0.0000 per share
Direct holdings after grant: 4,555 shares
+2 more
5 metrics
Equity grant
755 shares
Common Stock grant under transaction code A
Grant price
$0.0000 per share
Recorded price for 755-share award
Direct holdings after grant
4,555 shares
Total directly owned NUCOR CORP common stock
Indirect spouse trust holdings
55 shares
Held by trust for benefit of spouse
Indirect personal trust holdings
70 shares
Held by trust for benefit of reporting person
Key Terms
restricted stock units, grant, award, or other acquisition, indirect ownership, trust for Benefit of Spouse, +1 more
5 terms
restricted stock units financial
"The restricted stock units vest immediately upon grant."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
indirect ownership financial
"ownership_type": "indirect", "ownership_code": "I""
trust for Benefit of Spouse financial
"nature_of_ownership": "By Trust for Benefit of Spouse""
trust for Benefit of Reporting Person financial
"nature_of_ownership": "By Trust for Benefit of Reporting Person""
FAQ
What did NUCOR CORP director Michael W. Lamach report on this Form 4 for NUE?
Director Michael W. Lamach reported receiving a grant of 755 shares of NUCOR CORP common stock. The shares are awarded at $0.0000 per share as a compensation grant, not an open-market purchase, and increase his directly held position in NUE.
How are the restricted stock units for NUCOR CORP structured for Michael W. Lamach?
The restricted stock units vest immediately upon grant and are tied to NUCOR CORP common stock. Shares are issuable to Michael W. Lamach, or his estate if applicable, as soon as administratively practicable after his service on the board of directors terminates.