Quanex Building Products (NYSE: NX) director reports 1,738.65 phantom stock units
Rhea-AI Filing Summary
Quanex Building Products Corp. director compensation update: A company director reported a new award of phantom stock units tied to Quanex common stock. On 12/04/2025, the director acquired 1,738.65 phantom stock units under the company’s Deferred Compensation Plan at a reference price of $13.66 per unit. After this transaction, the director beneficially owns 16,657.468 phantom stock units.
These phantom stock units are the economic equivalent of one share of Quanex common stock each, but distributions are made in cash rather than stock. Payouts occur beginning on a date chosen by the participant or upon death, disability, or termination of service as a director. The reported balance includes 69.407 phantom stock units credited through automatic dividend reinvestment, reflecting the plan’s practice of reinvesting equivalent dividends into additional units.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did Quanex Building Products (NX) report in this Form 4?
The filing reports that a director of Quanex Building Products Corp. acquired 1,738.65 phantom stock units on 12/04/2025 under the company’s Deferred Compensation Plan.
How many phantom stock units does the Quanex (NX) director now beneficially own?
Following the reported transaction, the director beneficially owns 16,657.468 phantom stock units linked to Quanex common stock.
What are phantom stock units in the Quanex Building Products deferred compensation plan?
Each phantom stock unit is the economic equivalent of one share of Quanex common stock, but distributions are made in cash rather than in actual shares.
When are the Quanex (NX) phantom stock units paid out to the director?
Distributions from the Deferred Compensation Plan are made in cash beginning on a specified date selected by the participant or upon the participant’s death, disability, or termination of service as a director.
How were dividend equivalents treated in this Quanex phantom stock award?
The filing notes that the director’s holdings include 69.407 phantom stock units credited through automatic dividend reinvestment under the plan.
Does this Quanex Form 4 involve actual common stock or only phantom units?
The reported transaction involves phantom stock units, which track the value of Quanex common stock but are settled in cash rather than issuing real shares.
What was the reference price for the Quanex phantom stock units credited on 12/04/2025?
The 1,738.65 phantom stock units credited on 12/04/2025 used a reference price of $13.66 per unit.