Stock-Based Compensation (Tables)

6 Months Ended

Jul. 03, 2021

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 2021 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		3,916		$	50.03
Granted		138		$	110.74
Exercised		(2,554	)	$	50.43		$	49,707
Canceled		-		$	-
Outstanding at July 3, 2021		1,500		$	54.92	6.6 years	$	64,347
Stock options exercisable at July 3, 2021		837		$	53.86	4.8 years	$	35,916

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

For the 2021 stock option grant, the grant date fair value of $32.30 per share was calculated using the Black-Scholes options pricing model with the following assumptions:

Exercise price	$	110.74
Expected dividend yield		1.46	%
Expected stock price volatility		32.86	%
Risk-free interest rate		1.28	%
Expected life (years)		6.5

Summary of Nucor's RSU Activity

A summary of Nucor’s RSU activity for the first six months of 2021 is as follows (shares in thousands):

	Shares			Grant Date Fair Value
Restricted stock units:
Unvested at beginning of year		1,830		$	47.33
Granted		397		$	110.74
Vested		(902	)	$	57.40
Canceled		(52	)	$	47.62
Unvested at July 3, 2021		1,273		$	59.97

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 2021 is as follows (shares in thousands):

				Grant Date
	Shares			Fair Value
Restricted stock units and restricted stock awards:
Unvested at beginning of year		127		$	49.94
Granted		262		$	65.61
Vested		(240	)	$	63.10
Canceled		(9	)	$	48.75
Unvested at July 3, 2021		140		$	56.77