Form 4: Nucor Executive Vice President Kenneth Query Reports Routine Stock Transactions and Option Grant

Nucor Corp's Executive Vice President, Kenneth Rex Query, reported the acquisition of restricted stock units and stock options, alongside the disposition of shares for tax obligations, as part of routine compensation.

Summary

• Kenneth Rex Query, Executive Vice President of Nucor Corp (NUE), reported changes in his beneficial ownership of company securities.
• On June 1, 2025, Mr. Query acquired 6,825 shares of common stock through the vesting of restricted stock units (RSUs) at a price of $0.
• These RSUs are part of a grant that vests in three annual installments commencing on June 1, 2026.
• Concurrently, Mr. Query disposed of a total of 8,603 shares of common stock at a price of $109.36 per share.
• These dispositions were shares withheld by Nucor Corp to cover tax liabilities incurred from the vesting of previously awarded restricted stock units from 2022, 2023, and 2024.
• Mr. Query also acquired 6,096 employee stock options on June 1, 2025, with an exercise price of $109.36.
• These stock options become exercisable on June 1, 2028, and expire on May 31, 2035.
• Following these transactions, Mr. Query's direct beneficial ownership of common stock decreased from 112,683 shares to 104,080 shares.
• His beneficial ownership of derivative securities (stock options) increased to 6,096.

Sentiment

Score: 6

Explanation: Slightly positive. While there's a net reduction in direct common stock ownership due to tax withholding, the acquisition of new restricted stock units and stock options indicates ongoing executive compensation and alignment of interests with shareholders, which is generally a positive signal.

Positives

• Acquisition of 6,825 shares of common stock through the vesting of restricted stock units, indicating ongoing equity compensation.
• Grant of 6,096 employee stock options, providing future potential upside tied to company performance.

Negatives

• Disposition of 8,603 shares of common stock to cover tax liabilities, resulting in a net reduction of direct common stock ownership.

Future Outlook

The restricted stock units granted on June 1, 2025, are scheduled to vest in three annual installments commencing on June 1, 2026. The newly acquired stock options will become exercisable on June 1, 2028, and expire on May 31, 2035.

Industry Context

This Form 4 filing details routine insider compensation transactions for an executive at Nucor Corp, a major steel producer. Such filings are standard disclosures for publicly traded companies, reflecting how executive compensation, including equity awards and tax withholdings, is managed within the industry.

Stakeholder Impact

• Shareholders: Routine executive compensation and tax-related share dispositions are generally expected and do not typically indicate a significant shift in company strategy or financial health. The grant of new equity awards aligns executive interests with shareholder value.

Next Steps

• Vesting of 6,825 restricted stock units in three annual installments commencing June 1, 2026.
• Stock options becoming exercisable on June 1, 2028.
• Expiration of stock options on May 31, 2035.

Key Dates

Keywords

Nucor Corp, NUE, Kenneth Rex Query, Form 4, SEC filing, insider trading, beneficial ownership, restricted stock units, RSUs, stock options, executive compensation, tax withholding