Form 4: Nucor Executive Hollatz Reports Stock Transactions
SEC Form 4
Executive Vice President John J. Hollatz reports acquisition and disposal of Nucor Corp stock and stock options.
Summary
- On June 1, 2024, John J. Hollatz, an Executive Vice President at Nucor Corp, reported transactions involving Nucor's common stock.
- Hollatz acquired 16,582 shares of common stock at $0, related to vesting restricted stock units.
- He also disposed of shares to cover tax liabilities associated with vesting restricted stock units: 229 shares at $168.85, 616 shares at $168.85, and 3,084 shares at $168.85.
- Following these transactions, Hollatz directly owns 96,572.39 shares of Nucor common stock.
- Hollatz also acquired 3,685 stock options with an exercise price of $168.85, exercisable from June 1, 2027, and expiring on May 31, 2034.
- After the reported transaction, Hollatz directly owns 3,685 derivative securities.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing primarily reflects routine transactions related to stock options and tax obligations. The acquisition of shares through vesting is a mildly positive signal.
Positives
- The acquisition of 16,582 shares through vesting of restricted stock units indicates confidence in the company's future performance.
Future Outlook
The restricted stock units vest in three annual installments commencing on June 1, 2025, subject to acceleration upon certain events.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It doesn't necessarily reflect broader industry trends but offers insight into the individual executive's holdings and transactions.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/01/2021 | Date of restricted stock units awarded, shares withheld by the Issuer for payment of the tax liability incurred upon the vesting of restricted stock units. |
| 06/03/2022 | Date of Form 4, shares withheld by the Issuer for payment of the tax liability incurred upon the vesting of previously awarded restricted stock units. |
| 06/05/2023 | Date of Form 4, shares withheld by the Issuer for payment of the tax liability incurred upon the vesting of previously awarded restricted stock units. |
| 06/01/2024 | Date of the reported transactions: acquisition of stock and stock options, and disposal of stock for tax liabilities. |
| 06/01/2025 | First vesting date of the restricted stock units acquired on June 1, 2024. |
| 06/01/2027 | Date the stock options become exercisable. |
| 05/31/2034 | Expiration date of the stock options. |
| 06/04/2024 | Date of signature for the Form 4 filing. |
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