STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jul. 05, 2014

Summary of Stock Option Plans Activity

A summary of activity under Nucor’s stock option plans for the first six months of 2014 is as follows (in thousands, except year and per share amounts):

	Shares		Weighted - Average Exercise Price		Weighted - Average Remaining Contractual Life		Aggregate Intrinsic Value
Number of shares under option:
Outstanding at beginning of year		2,089	$	40.47
Granted		469	$	50.63
Exercised		—		—
Canceled		—		—
Outstanding at July 5, 2014		2,558	$	42.33		8.1 years	$	21,023
Options exercisable at July 5, 2014		1,272	$	40.28		7.2 years	$	13,037

Schedule of Grant Date Fair Value Black-Scholes Option-Pricing Model Assumptions

For the 2014 stock option grant, the grant date fair value of $17.48 per share was calculated using the Black-Scholes option-pricing model with the following assumptions:

Exercise price	$	50.63
Expected dividend yield		2.92	%
Expected stock price volatility		45.00	%
Risk-free interest rate		2.03	%
Expected life (years)		6.5

Summary of Nucor's Restricted Stock Unit Activity

A summary of Nucor’s RSU activity for the first six months of 2014 is as follows (shares in thousands):

	Shares			Grant Date Fair Value
Restricted stock units:
Unvested at beginning of year		1,122		$	42.51
Granted		655		$	50.63
Vested		(704	)	$	44.51
Canceled		(8	)	$	40.42
Unvested at July 5, 2014		1,065		$	46.19
Shares reserved for future grants (stock options and RSUs)		11,868

AIP and LTIP [Member]

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

A summary of Nucor’s restricted stock activity under the AIP and LTIP for the first six months of 2014 is as follows (shares in thousands):

	Shares			Grant Date Fair Value
Restricted stock awards and units:
Unvested at beginning of year		73		$	45.49
Granted		127		$	50.35
Vested		(133	)	$	48.91
Canceled		—			—
Unvested at July 5, 2014		67		$	47.93
Shares reserved for future grants		1,111