Stock-Based Compensation (Tables)

6 Months Ended

Jul. 04, 2020

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Stock Option Plans Activity

A summary of activity under Nucor’s stock option plans for the first six months of 2020 is as follows (shares 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		3,892		$	50.78
Granted		529		$	42.46
Exercised		-		$	-		$	-
Canceled		(239	)	$	51.58
Outstanding at July 4, 2020		4,182		$	49.68	6.2 years	$	564
Stock options exercisable at July 4, 2020		3,435		$	50.36	5.5 years	$	564

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

For the 2020 stock option grant, the grant date fair value of $7.56 per share was calculated using the Black-Scholes options pricing model with the following assumptions:

Exercise price	$	42.46
Expected dividend yield		3.79	%
Expected stock price volatility		30.12	%
Risk-free interest rate		0.50	%
Expected life (years)		6.5

Summary of Nucor's RSU Activity

A summary of Nucor’s RSU activity for the first six months of 2020 is as follows (shares in thousands):

	Shares			Grant Date Fair Value
Restricted stock units:
Unvested at beginning of year		1,776		$	52.60
Granted		1,246		$	42.46
Vested		(1,089	)	$	50.13
Canceled		(17	)	$	51.33
Unvested at July 4, 2020		1,916		$	47.42

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

A summary of Nucor’s restricted stock activity under the AIP and the LTIP for the first six months of 2020 is as follows (shares in thousands):

				Grant Date
	Shares			Fair Value
Restricted stock units and restricted stock awards:
Unvested at beginning of year		147		$	60.81
Granted		348		$	36.15
Vested		(352	)	$	40.77
Canceled		-		$	-
Unvested at July 4, 2020		143		$	50.04