Quanex director granted phantom stock units
Hughes Bradley E. reported acquisition or exercise transactions in this Form 4 filing.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 1,725.97 | $18.83 | $33K |
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 56.513 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
FAQ
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What did Quanex (NX) director Bradley E. Hughes report in this Form 4?
What are Phantom Stock Units in the Quanex (NX) filing?
How many Quanex (NX) phantom stock units does Bradley E. Hughes now hold?
How is the Quanex (NX) Deferred Compensation Plan paid out?
Is the Quanex (NX) Form 4 transaction an open-market stock trade?
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