Batterbee Thomas J. 4
Research Summary
AI-generated summary
Nucor EVP Thomas Batterbee Receives RSU Award; Shares Withheld
What Happened
Thomas J. Batterbee, Executive Vice President of Nucor Corporation (NUE), received equity awards and had shares withheld to cover tax liabilities. On 2026-06-01 he was granted 1,636 shares (issued common stock) and 1,842 restricted stock units (derivative RSUs). On the same date the issuer withheld 1,037 shares (340 + 268 + 429) at $250.00 per share to satisfy tax obligations, representing total withholding value of $259,250. These withholdings relate to vesting of previously awarded RSUs.
Key Details
- Transaction date(s): 2026-06-01 (reported on Form 4 filed 2026-06-03).
- Withheld (disposed) for tax payment: 340 shares ($85,000), 268 shares ($67,000), 429 shares ($107,250) — all at $250.00/share; total withheld = 1,037 shares (~$259,250). (Code F = tax withholding.)
- Acquired/issued: 1,636 shares @ $0.00 (acquired) and 1,842 RSUs @ $0.00 (derivative/awarded). Total new units = 3,478. (Code A = award/grant.)
- Shares owned after the transaction: Not reported in the provided excerpt.
- Relevant footnotes: F1–F3 confirm the withheld shares were used to pay taxes on vesting RSUs awarded 6/1/23, 6/1/24 and earlier awards; F4 explains the 1,842 RSUs vest in three annual installments starting 6/1/2027 and convert to one share each when vested.
- Filing timeliness: Form was filed 2026-06-03 covering 2026-06-01 transactions; no late filing flag indicated in the provided data.
Context
Tax-withholding disposals are routine and do not necessarily indicate a voluntary sale or change in sentiment; they are employer withholding of vested RSU shares to satisfy tax obligations. The 1,842-unit derivative award are RSUs that vest over time (not immediate marketable shares).