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Quanex (NX) director Manish Shah awarded phantom stock units as compensation

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Shah Manish H reported acquisition or exercise transactions in this Form 4 filing.

Quanex Building Products director Manish H. Shah received a grant of phantom stock units as part of director compensation. He was awarded 1,261.290 phantom stock units on common stock equivalents at a reference price of $18.83 per unit, bringing his total phantom stock holdings to 7,888.385 units. These units are credited under a Deferred Compensation Plan, are economically equivalent to common shares, and are settled in cash at a future date such as a specified distribution date, death, disability, or termination of service. The total includes 29.372 phantom stock units credited through automatic dividend reinvestment.

Positive

  • None.

Negative

  • None.
Insider Shah Manish H
Role null
Type Security Shares Price Value
Grant/Award Phantom Stock Units 1,261.29 $18.83 $24K
Holdings After Transaction: Phantom Stock Units — 7,888.385 shares (Direct, null)
Footnotes (1)
  1. 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. Units credited to the participant's account under the Deferred Compensation Plan as a result of deferral of Director Compensation. Includes 29.372 phantom stock units credited to the participant's account as a result of automatic dividend reinvestment.
Phantom units granted 1,261.290 units Grant on 2026-05-28 under Deferred Compensation Plan
Reference price per unit $18.83 per unit Grant value basis for phantom stock units
Total phantom units after grant 7,888.385 units Holdings following reported transaction
Dividend reinvestment units 29.372 units Automatic dividend reinvestment credited to account
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
"Distributions under the Deferred Compensation Plan are made in cash beginning on a specified date..."
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 29.372 phantom stock units credited...as a result of automatic dividend reinvestment."
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Shah Manish H
(Last)(First)(Middle)
945 BUNKER HILL ROAD
900
(Street)
HOUSTON TEXAS 77024
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Quanex Building Products CORP [ NX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/28/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock Units(1)05/28/2026A(2)1,261.29 (1) (1)Common Stock1,261.29$18.837,888.385(3)D
Explanation of Responses:
1. 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.
2. Units credited to the participant's account under the Deferred Compensation Plan as a result of deferral of Director Compensation.
3. Includes 29.372 phantom stock units credited to the participant's account as a result of automatic dividend reinvestment.
/s/ Paul B. Cornett, Power of Attorney06/01/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Quanex (NX) director Manish Shah report?

Director Manish H. Shah reported receiving 1,261.290 phantom stock units as a grant under a Deferred Compensation Plan. These units are tied to Quanex common stock and increase his total phantom stock holdings to 7,888.385 units.

What are the terms of the phantom stock units granted to Quanex (NX) director Shah?

Each phantom stock unit is economically equivalent to one Quanex common share, with a reference value of $18.83 per unit. The units are settled in cash under the Deferred Compensation Plan rather than delivering actual shares.

How and when are Quanex (NX) phantom stock units paid out to the director?

Distributions of phantom stock units are made in cash, beginning on a date the director selects or upon death, disability, or termination of service. This timing is defined by the company’s Deferred Compensation Plan rules.

How were the Quanex (NX) phantom stock units credited to director Shah’s account?

The 1,261.290 phantom stock units were credited due to deferral of director compensation into the company’s Deferred Compensation Plan. His total also includes 29.372 units added automatically through dividend reinvestment on those deferred amounts.

Does the Quanex (NX) Form 4 reflect a market purchase or sale by the director?

No, the Form 4 reflects a grant of phantom stock units as compensation, coded as an award (A). It is not an open-market buy or sell transaction but a non-cash, deferred compensation allocation for board service.