NUE - David Sumoski Exercises Options Realizes $3.73M | Benzinga
In a new SEC filing on December 20, it was revealed that Sumoski, Chief Operating Officer at Nucor (NYSE:NUE), executed a significant exercise of company stock options.
What Happened: A notable Form 4 filing on Wednesday with the U.S. Securities and Exchange Commission revealed that Sumoski, Chief Operating Officer at Nucor, exercised stock options for 28,768 shares of NUE, resulting in a transaction value of $3,727,182.
The Thursday morning update indicates Nucor shares up by 0.75%, currently priced at $177.0. At this value, Sumoski's 28,768 shares are worth $3,727,182.
All You Need to Know About Nucor
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.
Understanding the Numbers: Nucor's Finances
Negative Revenue Trend: ...