Quanex director granted phantom stock units
Shah Manish H reported acquisition or exercise transactions in this Form 4 filing.
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 Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 1,261.29 | $18.83 | $24K |
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 29.372 phantom stock units credited to the participant's account as a result of automatic dividend reinvestment.
Key Figures
Key Terms
Phantom Stock Units financial
Deferred Compensation Plan financial
automatic dividend reinvestment financial
Grant, award, or other acquisition financial
FAQ
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What insider transaction did Quanex (NX) director Manish Shah report?
What are the terms of the phantom stock units granted to Quanex (NX) director Shah?
How and when are Quanex (NX) phantom stock units paid out to the director?
How were the Quanex (NX) phantom stock units credited to director Shah’s account?
Does the Quanex (NX) Form 4 reflect a market purchase or sale by the director?
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