Nucor President Laxton Receives Stock Unit Award
Nucor Corp President and COO Stephen D. Laxton reported an acquisition of common stock units through the company’s incentive program.
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.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 823.63 | $169.47 | $140K |
Footnotes (1)
- F1. These common stock units were acquired upon Mr. Laxton's election to defer a portion of his cash award received under the Company's annual incentive plan. Mr. Laxton is immediately vested in these common stock units, which will be distributed to Mr. Laxton in full six months after his retirement from the Company.
FAQ
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What insider transaction did Nucor (NUE) report for Stephen D. Laxton?
Was the Nucor (NUE) insider transaction an open-market purchase or a compensation award?
At what price were the Nucor (NUE) common stock units valued in Laxton’s award?
When will Stephen D. Laxton receive the Nucor (NUE) common stock units reported in this filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.