Quanex director gets 1,270 phantom stock units
Quanex Building Products CORP (NX) reported that director William E. Waltz Jr. received an award of Phantom Stock Units under a Deferred Compensation Plan.
Rhea-AI Filing Summary
Quanex Building Products CORP (NX) reported that director William E. Waltz Jr. received an award of Phantom Stock Units under a Deferred Compensation Plan. On 2026-08-27, the reporting person acquired 1,270.33 Phantom Stock Units, each economically equivalent to one share of common stock, reflecting deferred director compensation. After this award and automatic dividend reinvestment credits, the director holds a total of 24,580.58 Phantom Stock Units, which will be settled in cash at a future distribution date tied to service or other specified events.
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Insider Trade Summary
Grant/Award: 1,270.33 shares
Grant/Award
1 txn
Insider
Waltz William E Jr.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units F1, F2, F3 | 1,270.33 | $19.68 | $25K |
Holdings After Transaction:
Phantom Stock Units — 24,580.58 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 99.727 phantom stock units credited to the participant's account as a result of automatic dividend reinvestment.
Key Figures
Phantom Stock Units acquired: 1,270.3300 units
Per-unit value: $19.6800 per Phantom Stock Unit
Total Phantom Stock Units after transaction: 24,580.5800 units
+2 more
5 metrics
Phantom Stock Units acquired
1,270.3300 units
Grant/award acquisition on 2026-08-27
Per-unit value
$19.6800 per Phantom Stock Unit
Value referenced for the 2026-08-27 Phantom Stock Unit award
Total Phantom Stock Units after transaction
24,580.5800 units
Director’s Deferred Compensation Plan balance after the award
Underlying common stock equivalent
1,270.3300 shares
Each Phantom Stock Unit is economically equivalent to one share of common stock
Dividend reinvestment units included
99.727 units
Automatic dividend reinvestment credits included in total Phantom Stock Units
Key Terms
Phantom Stock Units, Deferred Compensation Plan, automatic dividend reinvestment
3 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
"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
"Includes 99.727 phantom stock units credited...as a result of automatic dividend reinvestment"
FAQ
What insider transaction did NX disclose in this Form 4?
NX disclosed that a director received an award of 1,270.33 Phantom Stock Units on 2026-08-27, credited under a Deferred Compensation Plan as a result of deferral of director compensation.
Who is the reporting person in Quanex Building Products (NX) Form 4 and what did they receive?
The reporting person is director William E. Waltz Jr., who acquired 1,270.33 Phantom Stock Units, each economically equivalent to one share of NX common stock, under a Deferred Compensation Plan.
How many Phantom Stock Units does the NX director hold after this transaction?
Following the 1,270.33-unit award and dividend reinvestment credits, the director’s account shows 24,580.58 Phantom Stock Units under the Deferred Compensation Plan.
What is the economic value basis per Phantom Stock Unit in the NX filing?
The transaction reflects a value of $19.68 per Phantom Stock Unit. Each unit is the economic equivalent of one share of NX common stock, with distributions ultimately made in cash.
How are NX Phantom Stock Units under the Deferred Compensation Plan settled?
Each Phantom Stock Unit is economically equivalent to one NX share, but distributions are made in cash starting on a specified date chosen by the participant or upon death, disability, or termination of service as a director.
Did the Quanex (NX) director receive additional units from dividend reinvestment?
Yes. The reported balance includes 99.727 Phantom Stock Units credited automatically through dividend reinvestment under the Deferred Compensation Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
