U.S. Steel Executives Sell Millions in Stock

Three Nucor executives sold approximately $4.8 million worth of shares in open-market transactions on May 1 and 4. Executive Vice President Noah C. Hanners disposed of roughly $1.47 million, Executive Vice President Allen C. Behr sold about $2.28 million, and Vice President and Chief Accounting Officer Michael D. Keller off-loaded some $1.03 million. Even after these sales, each officer still holds tens of millions of dollars of Nucor stock, suggesting the trades were driven by liquidity needs rather than a shift in their economic alignment with the company.

On February 20, Nucor declared a quarterly cash dividend of $0.56 per share for the 212th consecutive quarter and authorized a new share-repurchase program of up to $4 billion. In its April 27 release of first-quarter 2026 results, Nucor reported net income of $743 million—about KRW 1 trillion—beating market expectations on the back of robust demand and favorable pricing.

Headquartered in Charlotte, North Carolina, Nucor Corporation is North America’s largest steel and steel-products manufacturer and its leading scrap recycler, operating an electric-arc-furnace “mini-mill” production model. A member of the S&P 500, Nucor produces and sells a wide array of steel products—ranging from bar and plate to construction materials—across the continent.