LIPPERT JASON 4

What Happened

• Jason Lippert, a director of Quanex Building Products Corp. (NX), was credited with 1,139.09 phantom stock units (derivative award) on 2026-02-26. The units are valued at $20.85 each for a total economic value of $23,750. This was an award/acquisition under the company’s Deferred Compensation Plan, not an open-market purchase or sale.

Key Details

• Transaction date and value: 2026-02-26; 1,139.09 units at $20.85 each; total $23,750.
• Transaction type: A (award/acquisition of derivative units — Phantom Stock Units).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes: F1 — units credited due to deferral of director compensation; F2 — each Phantom Stock Unit equals the economic equivalent of one common share and distributions are made in cash per participant’s selected schedule or upon death/disability/termination; F3 — 86.722 of the units reflect automatic dividend reinvestment.
• Filing timeliness: Report filed 2026-02-27 for a 2026-02-26 transaction (filed promptly).

Context

• These are phantom (derivative) stock units that track the economic value of common shares but are settled in cash under the Deferred Compensation Plan, so they do not confer immediate share ownership, voting rights, or automatic stock delivery. Such awards are routine for director compensation and do not necessarily indicate buying or selling sentiment.