NUE - Chad Utermark At Nucor Decides to Exercises Options Worth $5.11M | Benzinga
On March 26, it was revealed in an SEC filing that Chad Utermark, Executive Vice President at Nucor (NYSE:NUE) executed a significant exercise of company stock options.
What Happened: Utermark, Executive Vice President at Nucor, made a strategic move by exercising stock options for 33,068 shares of NUE as detailed in a Form 4 filing on Tuesday with the U.S. Securities and Exchange Commission. The transaction value amounted to $5,113,635.
Nucor shares are trading, exhibiting up of 0.83% and priced at $197.1 during Tuesday's morning. This values Utermark's 33,068 shares at $5,113,635.
Discovering Nucor: A Closer Look
Nucor Corp manufactures steel and steel products. The company also produces direct reduced iron for use in its steel mills. The operations include international trading and sales companies that buy and sell steel and steel products manufactured by the company and others. The operating business segments are: steel mills, steel products, and raw materials, the steel mills segment derives maximum revenue. The steel mills segment includes carbon and alloy steel in sheet, bars, structural and plate; steel trading businesses; rebar distribution businesses; and Nucor's equity method investments in NuMit and NJSM.
A Deep Dive into Nucor's Financials
Revenue Growth: Nucor's revenue growth over a period of 3 months has faced challenges. As of ...