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Stock-Based Compensation (Tables)
3 Months Ended
Apr. 01, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Plans Activity

A summary of activity under Nucor’s stock option plans for the first quarter of 2023 is as follows (shares and aggregate intrinsic value in thousands):

 

 

 

 

 

 

Weighted-

 

 

Weighted-

 

 

 

 

 

 

 

 

Average

 

 

Average

 

Aggregate

 

 

 

 

 

 

Exercise

 

 

Remaining

 

Intrinsic

 

 

 

Shares

 

 

Price

 

 

Contractual Life

 

Value

 

Number of shares under stock options:

 

 

 

 

 

 

 

 

 

 

 

Outstanding at beginning of year

 

 

837

 

 

$

66.76

 

 

 

 

 

 

Granted

 

 

-

 

 

$

-

 

 

 

 

 

 

Exercised

 

 

(131

)

 

$

54.49

 

 

 

 

$

15,539

 

Canceled

 

 

-

 

 

$

-

 

 

 

 

 

 

Outstanding at April 1, 2023

 

 

706

 

 

$

69.04

 

 

7.4 years

 

$

60,364

 

Stock options exercisable at April 1, 2023

 

 

182

 

 

$

63.28

 

 

6.6 years

 

$

16,580

 

Summary of Nucor's Restricted Stock Unit ("RSU") Activity

A summary of Nucor’s restricted stock unit (“RSU”) activity for the first quarter of 2023 is as follows (shares in thousands):

 

 

 

Shares

 

 

Grant Date
Fair Value
Per Share

 

Restricted stock units:

 

 

 

 

 

 

Unvested at beginning of year

 

 

1,003

 

 

$

98.66

 

Granted

 

 

-

 

 

$

-

 

Vested

 

 

(161

)

 

$

94.43

 

Canceled

 

 

(2

)

 

$

58.29

 

Unvested at April 1, 2023

 

 

840

 

 

$

99.55

 

Summary of Nucor's Restricted Stock Activity under AIP and LTIP

A summary of Nucor’s restricted stock activity under the Nucor Corporation Senior Officers Annual Incentive Plan (a supplement to the Nucor Corporation 2014 Omnibus Incentive Compensation Plan, the “AIP”) and the Nucor Corporation Senior Officers Long-Term Incentive Plan (a supplement to the Nucor Corporation 2014 Omnibus Incentive Compensation Plan, the “LTIP”) for the first quarter of 2023 is as follows (shares in thousands):

 

 

 

 

 

Grant Date

 

 

 

Shares

 

 

Fair Value
Per Share

 

Restricted stock units and restricted stock awards:

 

 

 

 

 

 

Unvested at beginning of year

 

 

209

 

 

$

108.55

 

Granted

 

 

414

 

 

$

171.38

 

Vested

 

 

(406

)

 

$

152.68

 

Canceled

 

 

-

 

 

$

-

 

Unvested at April 1, 2023

 

 

217

 

 

$

145.82