Nucor’s CEO Sells Nearly $1 Million Worth of Company Stock

10/24/17

Nucor Corp.’s Chief Executive Officer John J. Ferriola sold nearly $1 million worth of company stock on Monday, according to a filing with the Securities and Exchange Commission released Tuesday morning.

Ferriola sold off 14,931 shares at prices ranging from $60.36 to $60.45 per share, equaling a value of $913,959. He still owns 334,575 shares of Nucor stock worth more than $20.2 million.

Ferriola has been chief executive officer of the company since January 2014. Last year, Ferriola received a 19 percent raise.

Nucor reported third quarter’s earnings last Thursday, with net earnings of $268.5 million, or 83 cents per share, down from the company’s second quarter net earnings of $323 million, or $1 per share.

In forward looking statements, the company announced it expects fourth quarter earning to be similar to slightly decreased from the third quarter of 2017.

The Charlotte-based company is considered the largest steel producer in the United States, with a net income of over $16.2 billion in 2016.

Nucor’s stock was trading Tuesday morning at $59.72, up 0.42 percent from opening.

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