Quanex counsel Paul Cornett sells 5,500 shares
The option exercise was conducted under a preset diversification program adopted July 1, 2021.
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Rhea-AI Filing Summary
Quanex Building Products Corp. (NX) reported that Paul Cornett, its SVP General Counsel, Secretary, exercised options for 5,500 common shares on November 2, 2026, at an exercise price of $19.45 per share. Cornett sold 5,500 common shares that day at a weighted-average price of $21.3247 per share; reported sale prices ranged from $21.08 to $21.76.
The options were exercised pursuant to a Rule 10b5-1 preset diversification program Cornett adopted on July 1, 2021.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (Right to Buy) F1 | 5,500 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 5,500 | $19.45 | $107K |
| Sale | Common Stock F1, F3, F2 | 5,500 | $21.3247 | $117K |
Footnotes (3)
- F1. The stock options were exercised pursuant to a Rule 10b5-1 preset diversification program previously adopted by the reporting person on July 1, 2021.
- F2. Includes 77.915 shares credited to the reporter's account as the result of dividend reinvestments under the Company's Employee Stock Purchase Plan.
- F3. The price reported is a weighted-average price. The shares were sold in multiple transactions at prices ranging from $21.08 to $21.76, inclusive. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
Key Figures
Key Terms
Rule 10b5-1 preset diversification program regulatory
weighted-average price financial
Employee Stock Purchase Plan financial
FAQ
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How many options did Paul Cornett exercise at Quanex, and at what exercise price?
Was Paul Cornett's NX option exercise made under a Rule 10b5-1 plan?
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