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Quanex (NYSE: NX) director receives 1,261 phantom stock units award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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 LIPPERT JASON
Role null
Type Security Shares Price Value
Grant/Award Phantom Stock Units 1,261.29 $18.83 $24K
Holdings After Transaction: Phantom Stock Units — 19,239.046 shares (Direct, null)
Footnotes (1)
  1. 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. Units credited to the participant's account under the Deferred Compensation Plan as a result of deferral of Director Compensation. Includes 94.476 phantom stock units credited to the participant's account as a result of automatic dividend reinvestment.
Phantom units granted 1,261.2900 units Award of Phantom Stock Units on 2026-05-28
Reference price per unit $18.83 per unit Economic equivalent per Phantom Stock Unit
Total phantom units after grant 19,239.046 units Phantom Stock Units held following the transaction
Dividend reinvestment units 94.476 units Phantom units from automatic dividend reinvestment
Underlying common stock 1,261.2900 shares Underlying Quanex common stock equivalent to granted units
Phantom Stock Units financial
"Each Phantom Stock Unit is the economic equivalent of one share of common stock."
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Deferred Compensation Plan financial
"Distributions under the Deferred Compensation Plan are made in cash beginning on a specified date."
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
automatic dividend reinvestment financial
"Includes 94.476 phantom stock units credited to the participant's account as a result of automatic dividend reinvestment."
director compensation financial
"Units credited to the participant's account under the Deferred Compensation Plan as a result of deferral of Director Compensation."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
LIPPERT JASON
(Last)(First)(Middle)
945 BUNKER HILL
SUITE 900
(Street)
HOUSTON TEXAS 77024
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Quanex Building Products CORP [ NX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/28/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock Units(1)05/28/2026A(2)1,261.29 (1) (1)Common Stock1,261.29$18.8319,239.046(3)D
Explanation of Responses:
1. 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.
2. Units credited to the participant's account under the Deferred Compensation Plan as a result of deferral of Director Compensation.
3. Includes 94.476 phantom stock units credited to the participant's account as a result of automatic dividend reinvestment.
/s/ Paul B. Cornett, Power of Attorney06/01/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Quanex (NX) director Jason Lippert report?

Jason Lippert reported receiving 1,261.2900 Phantom Stock Units as a grant. These units are part of his director compensation and mirror Quanex common stock value, but will be paid in cash later under the Deferred Compensation Plan.

How do Quanex (NX) Phantom Stock Units work for Jason Lippert?

Each Phantom Stock Unit equals the economic value of one Quanex common share. Instead of stock delivery, Lippert will receive cash distributions in the future under the Deferred Compensation Plan, based on his accumulated phantom unit balance.

How many Quanex (NX) phantom stock units does Jason Lippert hold after this grant?

After the reported grant, Jason Lippert holds a total of 19,239.046 phantom stock units. This balance includes units granted as deferred director compensation and 94.476 additional units credited through automatic dividend reinvestment under the plan.

Was Jason Lippert’s Quanex (NX) transaction a market purchase or sale?

The transaction was not a market purchase or sale of shares. It was a compensation-related grant of 1,261.2900 Phantom Stock Units under Quanex’s Deferred Compensation Plan, with future cash settlement rather than immediate stock trading.

What role does the Deferred Compensation Plan play in this Quanex (NX) Form 4?

The Deferred Compensation Plan governs how Lippert’s phantom stock units are credited and paid. Units arise from deferred director compensation and dividend reinvestment, and are eventually settled in cash at dates or events specified in the plan’s terms.