Form 4: Nucor Executive Vice President Douglas J. Jellison Reports Changes in Beneficial Ownership

Executive Vice President Douglas J. Jellison reports transactions involving Nucor Corp common stock, including acquisition through vesting of restricted stock units and disposition for tax liability.

Summary

• On June 1, 2024, Douglas J. Jellison, an Executive Vice President at Nucor Corp, reported changes in his beneficial ownership of the company's common stock.
• These changes include the acquisition of 16,582 shares through the vesting of restricted stock units at a price of $0.
• Jellison also disposed of shares to cover tax liabilities associated with the vesting of restricted stock units: 544 shares, 3,139 shares, and 3,084 shares, all at a price of $168.85.
• Following these transactions, Jellison directly owns 129,780.94 shares of Nucor common stock.
• Additionally, Jellison was granted stock options to purchase 3,685 shares of common stock at an exercise price of $168.85, exercisable from June 1, 2027, and expiring on May 31, 2034; he directly owns 3,685 of these options.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transactions are routine and related to executive compensation. There is no indication of unusual activity or concern.

Positives

• The vesting of restricted stock units indicates a positive performance incentive for the executive.

Future Outlook

The restricted stock units vest in three annual installments commencing on June 1, 2025, subject to acceleration upon certain events.

Industry Context

Executive stock transactions are common in publicly traded companies and are closely watched by investors as they can provide insights into management's confidence in the company's future performance.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units and stock options to align management's interests with those of shareholders.
• The vesting schedules and terms of these equity grants are generally comparable to those offered by peer companies in the steel industry.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Next Steps

• The reporting person will continue to receive shares upon vesting of future restricted stock units.
• The reporting person may exercise the stock options starting June 1, 2027.

Key Dates