Nucor CEO Ferriola Sells $1 Million in Stock

7/26/18

By Chris Roush, NC BIZ News

The chief executive officer of steel manufacturer Nucor Corp. sold nearly $1 million in company stock earlier this week, according to a filing Wednesday with the Securities and Exchange Commission.

John Ferriola sold 14,607 shares on Tuesday at a price of $68.25 per share, according to the filing.

He still owns 374,542 shares in the company worth more than $25.5 million.

Ferriola last sold Nucor stock in early June when he exercised stock options and sold some of those shares to pay for taxes. His last direct sale was on Feb. 13, when he sold 14,313 shares at prices ranging from $64.10 to $64.15.

He has been president of the company since 2013 and president since 2011. Ferriola joined the company in 1991.

Other Nucor executives exercised options this week and sold shares.

Executive Vice President Ladd Hall exercised options on Monday to purchase 74,244 shares at a price of $44.51 and $50.63. Ladd then sold those shares at prices ranging from $66.31 to $66.64, profiting $1.4 million.

Another executive vice president, Chad Utermark, exercised options on 51,238 shares at a price of $47.59 and then sold those shares on Tuesday at prices ranging from $68.42 to $68.74, profiting $1.2 million.

A third executive vice president, David Sumoski, exercised options on 51,238 shares at $47.59 per share and then sold those shares on Monday at prices ranging from $66.51 to $66.83, profiting $976,597.

Nucor’s shares closed Wednesday at $67.98, up 16 cents.

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