Behr Allen C 4
Research Summary
AI-generated summary
Nucor (NUE) EVP Allen C. Behr Withholds 6,438 Shares; Receives 5,178 RSUs
What Happened
- Allen C. Behr, Executive Vice President of Nucor (NUE), had shares withheld to cover tax liabilities and received new awards on June 1, 2026. Specifically, 3,048 shares were withheld at $250.00 ($762,000), 2,401 shares at $250.00 ($600,250), and 989 shares at $250.00 ($247,250) — a total of 6,438 shares withheld for taxes totaling $1,609,500. At the same time he was credited with a grant of 2,875 shares (acquired @ $0) and 2,303 restricted stock units (RSUs, derivative, @ $0).
Key Details
- Transaction date: June 1, 2026; filing date: June 3, 2026 (filed within the Form 4 reporting window).
- Withheld (Disposed) due to tax withholding: 3,048 @ $250 ($762,000); 2,401 @ $250 ($600,250); 989 @ $250 ($247,250). Total withheld = 6,438 shares, $1,609,500.
- Acquired (Awards): 2,875 shares @ $0; 2,303 RSUs (derivative) @ $0.
- Shares owned after the transactions: not provided in the supplied data.
- Footnotes: withholdings (F1–F3) represent shares withheld by the issuer to pay tax liabilities from prior RSU vestings (as reported on Form 4s dated 6/5/23, 6/4/24, 6/3/25). Footnote F4 explains the 2,303 RSUs vest in three annual installments beginning June 1, 2027, with acceleration for death, disability, retirement, or change in control.
Context
- The disposals labeled “F” are tax-withholdings tied to RSU vesting, not open-market sales — routine administrative actions rather than a directional bet on the stock.
- The 2,303 RSUs are derivative awards (rights to receive common stock upon vesting) and will convert to shares over time per the vesting schedule; the 2,875 shares appear to be newly issued/awarded shares.
- No 10b5-1 plan or late filing was indicated in the provided data.