Executives Sell Shares Amidst High Stock Prices... U.S. Steel Stocks Cashing Out in Hundreds of Millions

In early May, Nucor Corporation (NUE) executives Noah Hannas, Alan Baer, and Michael Keller each sold shares on the open market in successive transactions ranging from approximately $1.5 million to $2.3 million—far above the usual tens of thousands of dollars. Although these trades reduced each executive’s direct holdings, regulatory filings show they still maintain stakes valued at several hundred billion Korean won. Insider transactions were concentrated at a time when the stock was trading near its 52-week high.

Recently, Nucor reported first-quarter 2026 results with earnings per share of $3.23 and revenue of $9.5 billion, exceeding market expectations and prompting some brokerages to raise their price targets. During the same period, the company approved a quarterly dividend of $0.56 per share and a new share repurchase program of up to $4 billion, while quarterly sheet steel shipments reached a record 7.4 million short tons. ()

Headquartered in Charlotte, North Carolina, Nucor is one of North America’s largest electric arc furnace–based steel producers, supplying sheet and steel products across key end markets such as construction, automotive, energy, and data centers. Known for paying dividends for over 50 consecutive years, the company is now balancing capacity investments and new growth projects as it nears completion of its new plate mill in West Virginia. ()