Quanex director awarded phantom stock units
LIPPERT JASON reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
LIPPERT JASON reported acquisition or exercise transactions in this Form 4 filing.
Quanex Building Products director Jason Lippert reported an award of 1,139.090 Phantom Stock Units on the company’s deferred compensation plan, at a reference price of $20.85 per unit. Each unit is the economic equivalent of one common share, and plan distributions are paid in cash at future dates or upon qualifying events.
After this grant and related activity, Lippert holds a total of 17,883.280 Phantom Stock Units credited to his account, including units added through automatic dividend reinvestment under the plan.
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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 86.722 phantom stock units credited to the participant's account as a result of automatic dividend reinvestment.
FAQ
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