Quanex Building Products (NYSE: NX) SVP reports stock grant and tax sale
Rhea-AI Filing Summary
Quanex Building Products Corp executive Paul B. Cornett, SVP General Counsel and Secretary, reported equity transactions in company common stock. On December 4, 2025, he acquired 13,100 shares of common stock at $0, increasing his direct holdings. On December 7, 2025, he disposed of 1,778 shares at $13.85 per share in a transaction coded “F,” meaning shares were sold to cover taxes due on the lapse of forfeiture restrictions tied to restricted stock originally granted on December 7, 2022. After these transactions, he directly owned 69,995.6094 shares of Quanex common stock, which includes 74.1871 shares credited from prior dividend reinvestments under the company’s Employee Stock Purchase Plan.
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FAQ
What insider transactions did Quanex (NX) report for Paul B. Cornett?
Paul B. Cornett reported acquiring 13,100 shares of Quanex common stock on December 4, 2025 at $0, and disposing of 1,778 shares on December 7, 2025 at $13.85 per share.
Why did the Quanex (NX) insider sell 1,778 shares on December 7, 2025?
The 1,778 shares were sold to cover taxes due in connection with the lapse of forfeiture restrictions on restricted stock originally granted to Paul B. Cornett on December 7, 2022.
How many Quanex (NX) shares does Paul B. Cornett own after these transactions?
Following the reported transactions, Paul B. Cornett directly owned 69,995.6094 shares of Quanex common stock.
What price was used for the Quanex (NX) insider tax sale?
The shares sold to cover taxes on December 7, 2025 were disposed of at a price of $13.85 per share.
Does the Quanex (NX) insider ownership include dividend reinvestments?
Yes. The reported ownership includes 74.1871 shares credited to Paul B. Cornett’s account from prior dividend reinvestments under the company’s Employee Stock Purchase Plan.
What is Paul B. Cornett’s role at Quanex Building Products Corp (NX)?
Paul B. Cornett is an officer of Quanex Building Products Corp, serving as SVP General Counsel and Secretary.