Nucor EVP receives stock units via incentive plan
Nucor Corp Executive Vice President Daniel R. Needham acquired 1,425.9 common stock units as a compensation-related award.
Rhea-AI Filing Summary
Nucor Corp Executive Vice President Daniel R. Needham acquired 1,425.9 common stock units as a compensation-related award. The units were credited at a reference price of $169.47 per share after he elected to defer a portion of his cash award under the company’s annual incentive plan.
These common stock units are immediately vested but will be paid out only after his retirement, in installments over years two through five. Following this grant, his reported direct common stock holdings total 94,873.27 shares, showing this is a relatively small, routine addition to his existing position.
Positive
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Negative
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Insights
Routine deferred stock award; modest size relative to existing holdings.
Daniel R. Needham, Executive Vice President at Nucor Corp, elected to defer part of his annual cash incentive into 1,425.9 common stock units at a reference price of $169.47. This is coded as an acquisition via grant/award, not an open-market purchase.
The units vest immediately but pay out only after retirement, with 10% in year two and 30% in each of years three, four, and five. After this grant, he directly holds 94,873.27 shares, so the award is incremental to an already substantial position and appears to be standard long-term incentive design.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,425.9 | $169.47 | $242K |
Footnotes (1)
- F1. These common stock units were acquired upon Mr. Needham's election to defer a portion of his cash award received under the Company's annual incentive plan. Mr. Needham is immediately vested in these common stock units, which will be distributed to him after his retirement from the Company based upon the following schedule: 10% received two years after retirement, 30% received three years, 30% received four years and 30% received five years after retirement.
FAQ
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What did Nucor (NUE) Executive Vice President Daniel Needham report on this Form 4?
Was the Nucor (NUE) insider transaction by Daniel Needham a stock purchase or an award?
How will Daniel Needham’s deferred Nucor (NUE) common stock units be paid out?
Does the Form 4 for Nucor (NUE) indicate any stock sales by Daniel Needham?
AI-generated analysis. How Rhea-AI works. Not financial advice.