Quanex Building Products (NX) director receives phantom stock unit award
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Shah Manish H
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 1,139.09 | $20.85 | $24K |
Holdings After Transaction:
Phantom Stock Units — 6,597.723 shares (Direct)
Footnotes (1)
- Units credited to the participant's account under the Deferred Compensation Plan as a result of deferral of Director Compensation. 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. Includes 28.246 phantom stock units credited to the participant's account as a result of automatic dividend reinvestment.
FAQ
What insider transaction did Manish H. Shah report for NX?
Manish H. Shah reported receiving 1,139.090 Phantom Stock Units as director compensation. These units were credited under a Deferred Compensation Plan and are economically equivalent to Quanex common stock, but will be paid out in cash at future specified times or events.
How many Quanex (NX) phantom stock units does Manish H. Shah now hold?
After the reported grant, Manish H. Shah holds 6,597.723 Phantom Stock Units. This total includes units granted for deferred director compensation and additional units credited from automatic dividend reinvestment, all tracked within Quanex’s Deferred Compensation Plan for directors.
What are Phantom Stock Units in the Quanex (NX) Form 4 filing?
Phantom Stock Units are bookkeeping entries economically equivalent to one Quanex common share. They track the value of the stock but do not represent actual shares; distributions are made in cash according to the terms of the Deferred Compensation Plan for participating directors.
How were the new Quanex (NX) phantom stock units valued in the grant?
The 1,139.090 Phantom Stock Units were assigned a value of $20.85 per unit. This valuation is used to determine the credited amount under the Deferred Compensation Plan for deferred director compensation, aligning the units’ economic value with Quanex’s common stock price.
What triggers payment of Quanex (NX) Phantom Stock Units to Manish H. Shah?
Distributions of Phantom Stock Units are made in cash beginning on a date Shah selects under the plan or upon his death, disability, or termination as a director. The units mirror Quanex’s stock value until those payment-triggering events occur.
Do Quanex (NX) Phantom Stock Units include dividend reinvestment credits?
Yes. The reported holdings include 28.246 Phantom Stock Units credited through automatic dividend reinvestment. These additional units accumulate when dividends are credited within the Deferred Compensation Plan, further aligning director accounts with Quanex’s shareholder returns over time.