Nucor (NUE) EVP defers incentive pay into 478 stock units
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Pickett Benjamin M
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 478.56 | $169.47 | $81K |
Holdings After Transaction:
Common Stock — 15,994.43 shares (Direct)
Footnotes (1)
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FAQ
What did Nucor (NUE) Executive Vice President Benjamin Pickett report on this Form 4?
Benjamin Pickett reported acquiring 478.56 common stock units through a grant tied to deferring part of his annual incentive cash award. The units are linked to Nucor’s stock and will be distributed to him in stages after his retirement from the company.
How many Nucor (NUE) stock units did Benjamin Pickett receive and at what value?
He received 478.56 common stock units at an indicated value of $169.47 per unit. These units arise from his election to defer a portion of his annual incentive plan cash award into stock-based compensation rather than taking the full amount in cash.
What portion of Benjamin Pickett’s Nucor (NUE) stock units is vested versus unvested?
Of the 478.56 common stock units, 382.85 are immediately vested, while 95.71 remain unvested. The unvested portion is attributable to the incentive feature of Nucor’s annual incentive plan and will vest only upon age 55, death, or disability while employed.
When will Benjamin Pickett receive the deferred Nucor (NUE) stock units from this award?
The 478.56 units will be distributed after his retirement from Nucor. The schedule provides 33% three years after retirement, another 33% four years after retirement, and the final 34% five years after retirement, spreading the payout over multiple post-retirement years.