Quanex (NYSE: NX) director granted 1,370 phantom stock units in plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quanex Building Products Corp director Bradley E. Hughes acquired 1,370.140 Phantom Stock Units on February 26, 2026 as a grant under the company’s Deferred Compensation Plan for director compensation. Each unit is economically equivalent to one share of common stock, and distributions will be made in cash. Following this award, Hughes holds a total of 15,786.570 phantom stock units, including 74.529 units credited through automatic dividend reinvestment.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hughes Bradley E.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 1,370.14 | $20.85 | $29K |
Holdings After Transaction:
Phantom Stock Units — 15,786.57 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 74.529 phantom stock units credited to the participant's account as a result of automatic dividend reinvestment.
FAQ
What insider transaction did NX director Bradley E. Hughes report?
Bradley E. Hughes reported acquiring 1,370.140 Phantom Stock Units on February 26, 2026. These units were granted under Quanex’s Deferred Compensation Plan as deferred director compensation, increasing his total phantom stock holdings to 15,786.570 units tied to the company’s common stock value.
What are Phantom Stock Units in the Quanex (NX) Form 4 filing?
The Phantom Stock Units are bookkeeping entries economically equivalent to one share of Quanex common stock each. They are credited under the Deferred Compensation Plan and ultimately settled in cash, giving the holder stock-linked value without issuing actual shares or voting rights.
How will Bradley Hughes’s Quanex phantom stock units be paid out?
Distributions of Bradley Hughes’s phantom stock units will be made in cash, not shares. Payments begin on a date he selected under the Deferred Compensation Plan or upon his death, disability, or termination of service as a director, according to the filing’s footnotes.
How many Quanex phantom stock units does Bradley Hughes hold after this grant?
After the February 26, 2026 grant, Bradley Hughes holds 15,786.570 phantom stock units. This total includes 74.529 units credited through automatic dividend reinvestment, reflecting accumulated deferred director compensation linked to Quanex’s common stock performance over time.