Nucor CFO granted 317 deferred stock units
NUCOR CORP CFO, Treasurer and EVP John Leo Sullivan III reported a compensation-related equity transaction.
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.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 316.89 | $169.47 | $54K |
Footnotes (1)
- F1. These common stock units were acquired upon Mr. Sullivan's election to defer a portion of his cash award received under the Company's annual incentive plan. Mr. Sullivan is immediately vested in 253.51of these common stock units but will not be vested in the remaining 63.38 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 316.89 units will be distributed to Mr. Sullivan in full six months after his retirement from the Company.
FAQ
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What insider transaction did NUCOR CORP (NUE) report for its CFO?
Was the NUCOR (NUE) CFO Form 4 transaction a market buy or sell?
How many NUCOR (NUE) stock units does the CFO hold after this Form 4?
What are the vesting terms of the NUCOR (NUE) CFO’s new stock units?
Why did the NUCOR (NUE) CFO receive 316.89 stock units instead of cash?
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