Nucor (NYSE: NUE) COO defers incentive into common stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nucor Corp President and COO Stephen D. Laxton reported an acquisition of common stock units through the company’s incentive program. He received 823.63 common stock units at a reference price of $169.47 per unit, increasing his directly held position to 87,383.9 shares of Nucor common stock.
According to the disclosure, these units were acquired when Mr. Laxton elected to defer a portion of his cash award under Nucor’s annual incentive plan. The units are fully vested immediately and are scheduled to be distributed in full to Mr. Laxton six months after his retirement from the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Laxton Stephen D
Role
President and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 823.63 | $169.47 | $140K |
Holdings After Transaction:
Common Stock — 87,383.9 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Nucor (NUE) report for Stephen D. Laxton?
Nucor reported that President and COO Stephen D. Laxton acquired 823.63 common stock units. The units came from deferring part of his cash award under the annual incentive plan and are immediately vested, with distribution six months after his retirement.
Was the Nucor (NUE) insider transaction an open-market purchase or a compensation award?
The transaction was a compensation-related award, not an open-market purchase. Laxton elected to defer a portion of his cash award into immediately vested common stock units under Nucor’s annual incentive plan, to be distributed six months after his retirement.
At what price were the Nucor (NUE) common stock units valued in Laxton’s award?
The 823.63 common stock units for Stephen D. Laxton were valued at $169.47 per unit. This price reflects the reference value used to convert his deferred cash incentive into stock units under the company’s annual incentive plan.
When will Stephen D. Laxton receive the Nucor (NUE) common stock units reported in this filing?
Stephen D. Laxton will receive distribution of the common stock units six months after his retirement. Although the units are immediately vested, actual delivery of the shares is deferred until that post-retirement date under the plan’s terms.