Quanex Building Products (NYSE: NX) director gains 1,921.67 phantom units
Rhea-AI Filing Summary
Quanex Building Products Corp$13.66 per unit.
Each phantom stock unit is the economic equivalent of one share of common stock, but distributions from the plan are made in cash, either starting on a date chosen by the director or upon death, disability, or termination of service. Following this transaction, the director beneficially owned 14,341.901 derivative securities linked to common stock, which includes 83.545 shares credited from dividend reinvestments under the company’s Employee Stock Purchase Plan.
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FAQ
What insider transaction did Quanex Building Products (NX) report in this Form 4?
The filing shows that a director of Quanex Building Products Corp acquired 1,921.67 phantom stock units on
What are the phantom stock units reported for Quanex Building Products (NX)?
Each phantom stock unit is the economic equivalent of one share of common stock, but distributions from the Deferred Compensation Plan are made in cash rather than stock.
At what reference price were the Quanex (NX) phantom stock units credited?
The 1,921.67 phantom stock units were credited at a reference price of
How many Quanex (NX) derivative securities does the director own after this transaction?
After the reported transaction, the director beneficially owned 14,341.901 derivative securities related to Quanex common stock.
How are distributions from the Quanex (NX) Deferred Compensation Plan made?
Distributions from the Deferred Compensation Plan are made in cash, beginning on a date selected by the participant or upon death, disability, or termination of service as a director.
What role does dividend reinvestment play in the Quanex (NX) director’s holdings?
The total derivative holdings include 83.545 shares credited to the director’s account as a result of dividend reinvestments under the company’s Employee Stock Purchase Plan.