Topalian Leon J 4
Research Summary
AI-generated summary
Nucor CEO Leon Topalian Withholds 17,715 Shares for Taxes
What Happened
- Leon J. Topalian, Chair and CEO of Nucor Corporation (NUE), had 17,715 shares withheld by the company on June 1, 2026 to cover tax liabilities from prior restricted stock unit (RSU) vestings. The withheld shares were at $250.00 each (total value withheld = $4,428,750). On the same date he was also granted a total of 30,457 restricted stock units (12,028 shares and 18,429 RSUs reported as a derivative), each with $0 purchase price.
Key Details
- Transaction date: June 1, 2026; Filing date: June 3, 2026 (timely; Form 4 required within 2 business days).
- Withheld/Disposed: 7,620 shares ($1,905,000), 6,003 shares ($1,500,750), and 4,092 shares ($1,023,000) — total 17,715 shares at $250.00 each (code F = tax withholding).
- Grants/Acquisitions: 12,028 shares (A) and 18,429 RSUs (A, derivative) at $0.00 (no cash outlay).
- Footnotes: The withheld shares correspond to tax withholding for RSU vestings reported on prior Form 4s (6/5/23, 6/4/24, 6/3/25). The newly reported RSUs vest in three annual installments starting June 1, 2027, subject to acceleration on death, disability, retirement or a change in control. The filing also notes a Nucor Profit Sharing Plan balance of $334,341.65 (plan-administered share calculation).
- Shares owned following the transactions are not specified in the provided data.
Context
- These dispositions are tax-withholding actions (code F), not open-market sales; they are routine administrative transactions tied to RSU vesting and do not necessarily indicate discretionary selling by the insider.
- The new RSUs are restricted and subject to future vesting; they are reported as awards/derivatives (code A) and will convert to common shares when vested.