Quanex director granted 1,206.81 phantom units
Quanex Building Products CORP (NX) reported that director Jason Lippert acquired 1,206.8100 Phantom Stock Units on 2026-08-27 as a grant/award under a Deferred Compensation Plan.
Rhea-AI Filing Summary
Quanex Building Products CORP (NX) reported that director Jason Lippert acquired 1,206.8100 Phantom Stock Units on 2026-08-27 as a grant/award under a Deferred Compensation Plan. Each unit is the economic equivalent of one share of common stock, with a reference value of $19.68 per unit. Following this grant, Lippert holds a total of 20,528.5160 Phantom Stock Units, which include 82.66 units credited through automatic dividend reinvestment. Distributions are made in cash at a participant-selected date or upon death, disability, or termination of service as a director.
Positive
- None.
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Insider Trade Summary
Grant/Award: 1,206.81 shares
Grant/Award
1 txn
Insider
LIPPERT JASON
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units F1, F2, F3 | 1,206.81 | $19.68 | $24K |
Holdings After Transaction:
Phantom Stock Units — 20,528.516 contracts (Direct)
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 82.66 phantom stock units credited to the participant's account as a result of automatic dividend reinvestment.
Key Figures
Phantom Stock Units granted: 1,206.8100 units
Reference value per Phantom Stock Unit: $19.6800 per unit
Total Phantom Stock Units after transaction: 20,528.5160 units
+2 more
5 metrics
Phantom Stock Units granted
1,206.8100 units
Grant/award acquisition on 2026-08-27 for Jason Lippert
Reference value per Phantom Stock Unit
$19.6800 per unit
Economic equivalent of one share of NX common stock
Total Phantom Stock Units after transaction
20,528.5160 units
Holdings of Jason Lippert following the 2026-08-27 grant
Phantom Stock Units from dividend reinvestment
82.66 units
Automatically credited through dividend reinvestment under the plan
Underlying common shares for this grant
1,206.8100 shares
Underlying NX common stock equivalent to Phantom Stock Units granted
Key Terms
Phantom Stock Units, Deferred Compensation Plan, automatic dividend reinvestment, economic equivalent
4 terms
Phantom Stock Units financial
"Each Phantom Stock Unit is the economic equivalent of one share"
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
"Units credited to the participant's account under the Deferred Compensation Plan"
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
"phantom stock units credited ... as a result of automatic dividend reinvestment"
economic equivalent financial
"Each Phantom Stock Unit is the economic equivalent of one share"
FAQ
What insider transaction did NX report for Jason Lippert?
NX reported that director Jason Lippert received a grant of 1,206.8100 Phantom Stock Units on 2026-08-27 under a Deferred Compensation Plan, characterized as a grant or award acquisition.
What are the Phantom Stock Units reported by NX for Jason Lippert?
The filing states that each Phantom Stock Unit is the economic equivalent of one share of common stock, with distributions made in cash under the Deferred Compensation Plan rather than in actual shares.
How many Phantom Stock Units does Jason Lippert hold in NX after this transaction?
After the 1,206.8100-unit grant, Jason Lippert holds a total of 20,528.5160 Phantom Stock Units tied to NX common stock value under the Deferred Compensation Plan.
What was the reference value per Phantom Stock Unit in the NX filing?
The transaction used a reference value of $19.68 per Phantom Stock Unit, each unit representing the economic equivalent of one share of NX common stock.
How were some of Jason Lippert’s NX Phantom Stock Units credited?
The filing notes that 82.66 Phantom Stock Units in Jason Lippert’s total were credited through automatic dividend reinvestment under the Deferred Compensation Plan.
When are cash distributions from NX Phantom Stock Units made under the plan?
Cash distributions are made beginning on a specified date selected by the participant or upon the participant’s death, disability, or termination of service as a director, according to the Deferred Compensation Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
