Quanex director granted phantom stock units
Quanex Building Products director Manish H. Shah reported an acquisition of 1,139.090 Phantom Stock Units on February 26, 2026 as a grant under a Deferred Compensation Plan, at an assigned value of $20.85 per unit.
Rhea-AI Filing Summary
Quanex Building Products director Manish H. Shah reported an acquisition of 1,139.090 Phantom Stock Units on February 26, 2026 as a grant under a Deferred Compensation Plan, at an assigned value of $20.85 per unit. After this award, his account holds a total of 6,597.723 phantom units, which are economically equivalent to the company’s common shares but are settled in cash at a future date or upon certain events such as death, disability, or termination of service.
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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 28.246 phantom stock units credited to the participant's account as a result of automatic dividend reinvestment.
FAQ
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What insider transaction did Manish H. Shah report for NX?
How many Quanex (NX) phantom stock units does Manish H. Shah now hold?
What are Phantom Stock Units in the Quanex (NX) Form 4 filing?
How were the new Quanex (NX) phantom stock units valued in the grant?
What triggers payment of Quanex (NX) Phantom Stock Units to Manish H. Shah?
Do Quanex (NX) Phantom Stock Units include dividend reinvestment credits?
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