Quanex director awarded phantom stock units
Quanex Building Products director Mary Katherine Lawler reported an acquisition of phantom stock units through the company’s Deferred Compensation Plan.
Rhea-AI Filing Summary
Quanex Building Products director Mary Katherine Lawler reported an acquisition of phantom stock units through the company’s Deferred Compensation Plan. She was credited with 1,139.090 phantom stock units at a reference price of $20.85 per unit, representing deferred director compensation and automatic dividend reinvestment.
Each phantom stock unit is the economic equivalent of one share of common stock, but distributions are made in cash at a later time such as a specified date or upon death, disability, or termination of service. After this credit, her account reflects a total of 2,291.423 phantom stock units, including 5.963 units from automatic dividend reinvestment.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 1,139.09 | $20.85 | $24K |
Footnotes (3)
- F1. Units credited to the participant's account under the Deferred Compensation Plan as a result of deferral of Director Compensation.
- F2. 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.
- F3. Includes 5.963 phantom stock units credited to the participant's account as a result of automatic dividend reinvestment.
FAQ
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What insider transaction did Quanex Building Products (NX) report for Mary Katherine Lawler?
What are phantom stock units in the Quanex Building Products (NX) Form 4 filing?
How many Quanex (NX) phantom stock units does Mary Katherine Lawler hold after this transaction?
How were the Quanex (NX) phantom stock units credited to Mary Katherine Lawler’s account?
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