Quanex (NYSE: NX) director granted 1,261 phantom stock units in deferred plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lawler Mary Katherine reported acquisition or exercise transactions in this Form 4 filing.
Quanex Building Products director Mary Katherine Lawler reported a compensation-related award of 1,261.290 Phantom Stock Units, each economically equivalent to one share of common stock, at a reference value of $18.83 per unit.
The units were credited under a Deferred Compensation Plan tied to deferral of director compensation, with future distributions made in cash on a date she selected or upon death, disability, or termination of board service. Following this award, her account reflects 3,562.914 Phantom Stock Units, including 10.201 units added through automatic dividend reinvestment.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lawler Mary Katherine
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 1,261.29 | $18.83 | $24K |
Holdings After Transaction:
Phantom Stock Units — 3,562.914 shares (Direct, null)
Footnotes (1)
- 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. Units credited to the participant's account under the Deferred Compensation Plan as a result of deferral of Director Compensation. Includes 10.201 phantom stock units credited to the participant's account as a result of automatic dividend reinvestment.
Key Figures
Phantom stock units granted: 1,261.290 units
Reference value per unit: $18.83 per unit
Total phantom units after grant: 3,562.914 units
+2 more
5 metrics
Phantom stock units granted
1,261.290 units
Grant/award acquisition on May 28, 2026
Reference value per unit
$18.83 per unit
Value used for Phantom Stock Unit award
Total phantom units after grant
3,562.914 units
Balance following the reported transaction
Units from dividend reinvestment
10.201 units
Automatic dividend reinvestment credits included in balance
Underlying common stock equivalence
1 unit = 1 share
Each Phantom Stock Unit equals one common share economically
Key Terms
Phantom Stock Units, Deferred Compensation Plan, automatic dividend reinvestment, director compensation
4 terms
Phantom Stock Units financial
"Each Phantom Stock Unit is the economic equivalent of one share of common stock."
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
"Distributions under the Deferred Compensation Plan are made in cash..."
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
"Includes 10.201 phantom stock units credited... as a result of automatic dividend reinvestment."
director compensation financial
"Units credited... as a result of deferral of Director Compensation."
FAQ
What did Mary Katherine Lawler report in Quanex (NX) on this Form 4?
Mary Katherine Lawler reported a grant of 1,261.290 Phantom Stock Units tied to deferred director compensation. Each unit is economically equivalent to one Quanex common share and will be settled in cash under the company’s Deferred Compensation Plan.
How many Quanex (NX) phantom stock units were granted and at what value?
Lawler was awarded 1,261.290 Phantom Stock Units at a reference value of $18.83 per unit. These bookkeeping units mirror the value of Quanex common stock but are paid out in cash at a future date under the plan.
What are Phantom Stock Units in Quanex (NX)'s Deferred Compensation Plan?
Quanex’s Phantom Stock Units are bookkeeping units, each economically equivalent to one share of common stock. Under the Deferred Compensation Plan, they are ultimately distributed in cash on a specified future date or upon death, disability, or termination of service as a director.
How many Quanex (NX) phantom stock units does Lawler hold after this grant?
After the reported grant, Lawler’s account shows 3,562.914 Phantom Stock Units. This total includes 10.201 additional units that were automatically credited through dividend reinvestment, reflecting reinvested dividends rather than separate open-market transactions.
Are Mary Katherine Lawler’s Quanex (NX) phantom stock units open-market purchases?
No, the phantom stock units are not open-market purchases. They are credited under Quanex’s Deferred Compensation Plan as a grant tied to deferred director compensation and dividend reinvestment, with future cash settlement instead of direct share purchases on the market.