Nucor EVP awarded 823.63 deferred stock units
Nucor Corp Executive Vice President David A. Sumoski reported an acquisition of 823.6300 common stock units at a reference price of $169.4700 per share equivalent.
Rhea-AI Filing Summary
Nucor Corp Executive Vice President David A. Sumoski reported an acquisition of 823.6300 common stock units at a reference price of $169.4700 per share equivalent. These units were credited after he elected to defer a portion of his cash award under the company’s annual incentive plan, rather than receiving cash.
He is immediately vested in these common stock units, but they will be paid out only after his retirement, with 50% scheduled for distribution three years after retirement and the remaining 50% four years after retirement. Following this grant, his directly held common stock position reported in this filing increased to 243338.8800 shares, reflecting a routine, compensation-related equity award rather than an open-market purchase or sale.
Positive
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Negative
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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. Sumoski's election to defer a portion of his cash award received under the Company's annual incentive plan. Mr. Sumoski is immediately vested in these common stock units, which will be distributed to him after his retirement from the Company based upon the following schedule: 50% received three years after retirement and 50% received four years after retirement.
FAQ
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What insider transaction did Nucor (NUE) report for David A. Sumoski?
Was the Nucor (NUE) Form 4 transaction an open-market buy or sale?
At what price were David A. Sumoski’s Nucor (NUE) stock units credited?
How and when will the deferred Nucor (NUE) stock units be distributed?
What are David A. Sumoski’s Nucor (NUE) holdings after this Form 4 transaction?
AI-generated analysis. How Rhea-AI works. Not financial advice.