Quanex (NYSE: NX) director adds phantom stock units award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hughes Bradley E. reported acquisition or exercise transactions in this Form 4 filing.
Quanex Building Products director Bradley E. Hughes received a grant of 1,725.970 Phantom Stock Units as director compensation. Each unit is the economic equivalent of one share of common stock and will be settled in cash under the company’s Deferred Compensation Plan at a future date or upon certain service-ending events. Following this award, Hughes holds a total of 17,569.053 phantom stock units, including 56.513 units credited through automatic dividend reinvestment.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hughes Bradley E.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 1,725.97 | $18.83 | $33K |
Holdings After Transaction:
Phantom Stock Units — 17,569.053 shares (Direct, null)
Footnotes (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 56.513 phantom stock units credited to the participant's account as a result of automatic dividend reinvestment.
Key Figures
Phantom units granted: 1,725.970 units
Reference price per unit: $18.83 per unit
Total phantom units after grant: 17,569.053 units
+1 more
4 metrics
Phantom units granted
1,725.970 units
Grant of Phantom Stock Units on 2026-05-28
Reference price per unit
$18.83 per unit
Valuation used for 1,725.970 Phantom Stock Units
Total phantom units after grant
17,569.053 units
Phantom Stock Units held following the transaction
Dividend reinvestment units
56.513 units
Phantom units from automatic dividend reinvestment
Key Terms
Phantom Stock Units, Deferred Compensation Plan, automatic dividend reinvestment
3 terms
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 56.513 phantom stock units credited to the participant's account as a result of automatic dividend reinvestment."
FAQ
What did Quanex (NX) director Bradley E. Hughes report in this Form 4?
Bradley E. Hughes reported receiving 1,725.970 Phantom Stock Units as director compensation. These units mirror Quanex common stock value and are part of a Deferred Compensation Plan, increasing his total phantom units to 17,569.053.
What are Phantom Stock Units in the Quanex (NX) filing?
Phantom Stock Units are bookkeeping entries whose value equals one Quanex common share. They do not deliver actual shares; instead, future distributions are made in cash based on the stock’s value at payment time.
How many Quanex (NX) phantom stock units does Bradley E. Hughes now hold?
After the reported grant, Bradley E. Hughes holds 17,569.053 phantom stock units. This total includes previously accumulated units, among them 56.513 units credited through automatic dividend reinvestment in the Deferred Compensation Plan.
How is the Quanex (NX) Deferred Compensation Plan paid out?
The Deferred Compensation Plan pays out in cash, not stock. Distributions begin on a date the participant selects or upon death, disability, or termination of service as a director, using the value of the phantom stock units then.
Is the Quanex (NX) Form 4 transaction an open-market stock trade?
No, the Form 4 shows a compensation-related grant of Phantom Stock Units, not an open-market stock purchase or sale. The units are cash-settled and linked to deferred director compensation rather than immediate trading activity.