Nucor EVP granted 478 stock units via deferral
Nucor Corporation Executive Vice President Benjamin M. Pickett acquired 478.56 common stock units as a grant tied to his election to defer a portion of his cash award under the company’s annual incentive plan at an indicated value of $169.47 per unit.
Rhea-AI Filing Summary
Nucor Corporation Executive Vice President Benjamin M. Pickett acquired 478.56 common stock units as a grant tied to his election to defer a portion of his cash award under the company’s annual incentive plan at an indicated value of $169.47 per unit. He now holds 15,994.43 shares directly. Of these new units, 382.85 are immediately vested, while 95.71 are unvested and tied to an incentive feature. The 478.56 units will be distributed after his retirement, with 33% paid three years after retirement, another 33% four years after, and the remaining 34% five years after.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 478.56 | $169.47 | $81K |
Footnotes (1)
- F1. These common stock units were acquired upon Mr. Pickett's election to defer a portion of his cash award received under the Company's annual incentive plan. Mr. Pickett is immediately vested in 382.85 of these common stock units but will not be vested in the remaining 95.71 common stock units attributable to the incentive feature of the plan until he attains age 55, dies or becomes disabled while employed by Company. These 478.56 units will be distributed to him after his retirement from the Company based upon the following schedule: 33% received three years after retirement, 33% received four years after retirement and 34% received five years after retirement.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Nucor (NUE) Executive Vice President Benjamin Pickett report on this Form 4?
How many Nucor (NUE) stock units did Benjamin Pickett receive and at what value?
What portion of Benjamin Pickett’s Nucor (NUE) stock units is vested versus unvested?
When will Benjamin Pickett receive the deferred Nucor (NUE) stock units from this award?
AI-generated analysis. How Rhea-AI works. Not financial advice.