Waltz William E Jr. 4

What Happened
William E. Waltz Jr., a director of Quanex Building Products Corp. (NX), was credited with 1,205.78 phantom stock units on 2026-02-26 as an award/acquisition under the company's Deferred Compensation Plan. The filing values these units at $20.85 each for a total reported value of $25,141. This was an award/deferral of director compensation (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-02-26; Form 4 filed 2026-02-27 (filed next day).
• Transaction type/code: A (Award/Grant/Other acquisition of derivative securities).
• Units credited: 1,205.78 phantom stock units at $20.85 per unit; total value $25,141.
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes:
  • F1: Units were credited due to deferral of director compensation under the Deferred Compensation Plan.
  • F2: Each Phantom Stock Unit equals the economic equivalent of one share; distributions are cash-settled based on a participant’s selected date or upon death, disability, or termination.
  • F3: The total includes 106.499 phantom units from automatic dividend reinvestment.
• Timeliness: Filing appears timely (filed one day after the report period).

Context
This was a derivative, cash-settled award (phantom stock units) as part of director compensation, not a market purchase or sale; such awards compensate directors and do not directly change the company’s outstanding shares. For retail investors, these grants signal routine director compensation and should not be interpreted as a direct bullish or bearish trade.