Quanex Building Products (NX) director gains phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lawler Mary Katherine
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 1,139.09 | $20.85 | $24K |
Holdings After Transaction:
Phantom Stock Units — 2,291.423 shares (Direct)
Footnotes (1)
- Units credited to the participant's account under the Deferred Compensation Plan as a result of deferral of Director Compensation. 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. Includes 5.963 phantom stock units credited to the participant's account as a result of automatic dividend reinvestment.
FAQ
What insider transaction did Quanex Building Products (NX) report for Mary Katherine Lawler?
Mary Katherine Lawler reported an acquisition of 1,139.090 phantom stock units under Quanex’s Deferred Compensation Plan. These units reflect deferred director compensation credited at a reference price of $20.85 per unit and increase her total phantom stock holdings to 2,291.423 units.
What are phantom stock units in the Quanex Building Products (NX) Form 4 filing?
Phantom stock units are bookkeeping units economically equivalent to one share of Quanex common stock. They track share value but are settled in cash later, such as on a specified date or upon death, disability, or termination of service as a director.
How many Quanex (NX) phantom stock units does Mary Katherine Lawler hold after this transaction?
After the reported acquisition, Mary Katherine Lawler’s account shows 2,291.423 phantom stock units. This total includes units credited for deferred director compensation as well as 5.963 additional units that were automatically credited through dividend reinvestment within the Deferred Compensation Plan.
How were the Quanex (NX) phantom stock units credited to Mary Katherine Lawler’s account?
The phantom stock units were credited as a result of deferring director compensation into Quanex’s Deferred Compensation Plan. Additional 5.963 units were credited automatically through dividend reinvestment, increasing the overall phantom stock balance associated with her director compensation deferrals.