Lawler Mary Katherine 4
Research Summary
AI-generated summary
Quanex (NX) Director Mary K. Lawler Receives Phantom Stock Award
What Happened
- Mary Katherine Lawler, a director of Quanex Building Products Corp (NX), was credited with 1,139.09 phantom stock units (a derivative award) on 2026-02-26. The units were valued at $20.85 each, totaling $23,750.
- This was an award/acquisition under Quanex's Deferred Compensation Plan rather than an open-market buy or sale.
Key Details
- Transaction date: 2026-02-26; Form 4 filed: 2026-02-27.
- Award: 1,139.09 phantom stock units at $20.85 per unit; aggregate value $23,750.
- Shares/units owned after transaction: Not specified in the filing.
- Footnotes:
- F1: Units were credited under the Deferred Compensation Plan as a result of deferral of director compensation.
- F2: Each Phantom Stock Unit equals the economic value of one share; distributions are made in cash on a participant-selected date or upon death, disability, or termination.
- F3: The total includes 5.963 phantom stock units from automatic dividend reinvestment.
- Filing timeliness: Form 4 was filed the day after the transaction (no late filing flag indicated).
Context
- These are phantom stock units (derivative awards) that track the economic value of Quanex common stock and are typically paid in cash under the deferred compensation plan; they do not represent immediate share issuance or an open-market purchase.
- Awards to non-employee directors as part of deferred compensation are common and often routine compensation, not direct signals of immediate trading intent.