Quanex director granted 1,261 phantom units
LIPPERT JASON reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
LIPPERT JASON reported acquisition or exercise transactions in this Form 4 filing.
Quanex Building Products director Jason Lippert received a compensation-related grant of phantom stock units. On this Form 4, he was awarded 1,261.2900 Phantom Stock Units tied to Quanex common stock at an economic reference price of $18.83 per unit.
Each unit is the economic equivalent of one share and will be settled in cash under the company’s Deferred Compensation Plan at a future time such as a specified payout date or upon death, disability, or end of board service. Following this award and dividend reinvestment credits, Lippert now holds 19,239.046 phantom stock units in total.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 1,261.29 | $18.83 | $24K |
Footnotes (3)
- F1. Each Phantom Stock Unit is the economic equivalent of one share of common stock. Distributions under 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.
- F2. Units credited to the participant's account under the Deferred Compensation Plan as a result of deferral of Director Compensation.
- F3. Includes 94.476 phantom stock units credited to the participant's account as a result of automatic dividend reinvestment.
Key Figures
Key Terms
Phantom Stock Units financial
Deferred Compensation Plan financial
automatic dividend reinvestment financial
director compensation financial
FAQ
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What insider transaction did Quanex (NX) director Jason Lippert report?
How do Quanex (NX) Phantom Stock Units work for Jason Lippert?
How many Quanex (NX) phantom stock units does Jason Lippert hold after this grant?
Was Jason Lippert’s Quanex (NX) transaction a market purchase or sale?
What role does the Deferred Compensation Plan play in this Quanex (NX) Form 4?
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