Laxton Stephen D 4
Research Summary
AI-generated summary
Nucor President Stephen D. Laxton Receives 823.63-Share Award
What Happened
Stephen D. Laxton, President and COO of Nucor Corporation (NUE), was issued 823.63 common stock units on 2026-03-10 at an attributed price of $169.47 per unit, a total value of $139,581. The filing reports this as an acquisition (transaction code A) — an award/grant rather than an open-market purchase.
Key Details
- Transaction date: 2026-03-10; price per unit: $169.47; total value: $139,581.
- Transaction type: Award/Acquisition (code A) — common stock units granted via deferral of a cash award.
- Shares owned after transaction: Not specified in this Form 4.
- Footnote: These units were acquired when Mr. Laxton elected to defer part of his annual incentive cash award; he is immediately vested, and units will be distributed in full six months after his retirement.
- Filing timeliness: Report filed 2026-03-12 for a 2026-03-10 transaction (timely within the typical two-business-day reporting window).
Context
These are deferred common stock units tied to Laxton’s annual incentive compensation, not a cash purchase or sale. Such deferrals are common compensation practices and reflect an executive choosing stock-linked deferral of pay; they are informational rather than a direct signal of near-term trading intent.