Nucor (NUE) CFO defers incentive pay into 317 stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NUCOR CORP CFO, Treasurer and EVP John Leo Sullivan III reported a compensation-related equity transaction. He acquired 316.89 common stock units as a grant tied to his election to defer part of his annual cash incentive award at an imputed price of $169.47 per unit.
According to the plan terms, he is immediately vested in 253.51 of these units, while 63.38 units will vest only if he reaches age 55, dies, or becomes disabled while employed by the company. All 316.89 units are scheduled to be distributed to him six months after his retirement. Following this award, he directly holds 3,614.62 common stock units, indicating this is a relatively small, routine compensation grant rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sullivan III John Leo
Role
CFO, Treasurer and EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 316.89 | $169.47 | $54K |
Holdings After Transaction:
Common Stock — 3,614.62 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did NUCOR CORP (NUE) report for its CFO?
NUCOR CORP reported that CFO John Leo Sullivan III acquired 316.89 common stock units. The units were granted through his election to defer part of his annual cash incentive award, making this a compensation-related transaction rather than an open-market trade.
Was the NUCOR (NUE) CFO Form 4 transaction a market buy or sell?
The transaction was not an open-market buy or sell. It was a grant of 316.89 common stock units received when the CFO deferred a portion of his annual cash incentive, reflecting routine executive compensation rather than discretionary trading in NUCOR shares.
How many NUCOR (NUE) stock units does the CFO hold after this Form 4?
After this award, NUCOR’s CFO directly holds 3,614.62 common stock units. The latest grant added 316.89 units tied to deferred cash incentive compensation, so the filing reflects incremental growth in his equity-based holdings rather than a major position change.
What are the vesting terms of the NUCOR (NUE) CFO’s new stock units?
Of the 316.89 units granted, 253.51 are immediately vested and 63.38 remain unvested. The unvested portion vests only if he reaches age 55, dies, or becomes disabled while employed, aligning the award with continued service and specific life events.
Why did the NUCOR (NUE) CFO receive 316.89 stock units instead of cash?
He elected to defer a portion of his annual cash incentive under the company’s plan, receiving 316.89 common stock units instead. This shifts part of his compensation into equity-based awards, aligning his interests with NUCOR’s long-term performance and share value.