Quanex Building Products (NYSE: NX) director defers pay into 1,146 phantom units
Rhea-AI Filing Summary
Quanex Building Products Corp. director reports new deferred stock units. A Form 4 filing shows that on 12/04/2025 a director received 1,146.37 phantom stock units under the company’s Deferred Compensation Plan as a result of deferring director compensation.
Each phantom stock unit is the economic equivalent of one share of Quanex common stock and is priced at $13.66 in the transaction table. These units are recorded as a derivative security held directly by the reporting person. Distributions from the plan are made in cash, beginning on a date the participant selects or upon death, disability, or termination of service as a director.
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FAQ
What insider transaction did Quanex Building Products (NX) report in this Form 4?
The Form 4 reports that on 12/04/2025 a director of Quanex Building Products Corp. received 1,146.37 phantom stock units as part of a deferral of director compensation under the company’s Deferred Compensation Plan.
What are the phantom stock units reported for Quanex Building Products (NX)?
The filing states that each phantom stock unit is the economic equivalent of one share of common stock. These units track the value of Quanex’s stock but are paid out in cash rather than actual shares.
At what price were the Quanex phantom stock units recorded in this transaction?
The transaction table shows that the 1,146.37 phantom stock units were credited at a price of $13.66 per unit, matching the value of the underlying Quanex common stock for this award.
How and when are Quanex Building Products (NX) phantom stock units paid out?
According to the disclosure, distributions under the Deferred Compensation Plan are made in cash, beginning on a specified date chosen by the participant or upon the participant’s death, disability, or termination of service as a director.
Is this Quanex Building Products (NX) Form 4 filed for one reporting person or a group?
The Form 4 indicates that it is filed by one reporting person, not by a group, reflecting the holdings and transactions of a single Quanex director.
How is ownership of the Quanex phantom stock units classified in the Form 4?
The filing classifies the 1,146.37 phantom stock units as being held under direct (D) ownership by the reporting person, rather than through an indirect ownership structure.