Shah Manish H 4

What Happened
Manish H. Shah, a director of Quanex Building Products Corp. (NX), was credited with 1,139.09 phantom stock units (derivative award) on Feb 26, 2026. The units were recorded at an equivalent price of $20.85 each, representing a total economic value of $23,750. This was an award/acquisition resulting from deferral of director compensation — not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-26; Filing date: 2026-02-27 (reported the next day). No late-filing indication in the provided data.
• Transaction type/code: Award/Acquisition (derivative phantom stock units).
• Quantity and value: 1,139.09 phantom stock units @ $20.85 = $23,750.
• Shares owned after transaction: Not disclosed in the provided filing details.
• Footnotes:
  • Units were credited under the Deferred Compensation Plan due to deferral of director compensation (F1).
  • Each Phantom Stock Unit equals the economic equivalent of one share; distributions are made in cash on a participant-selected date or upon death, disability, or termination of service (F2).
  • The credited amount includes 28.246 phantom units from automatic dividend reinvestment (F3).

Context
Phantom stock units are cash-settled derivative awards that mirror the economic value of common shares; they do not transfer actual stock and typically convert to cash according to the plan's payout schedule. Awards like this are common for director compensation deferrals and are generally considered routine administrative transactions rather than direct signals of insider buying or selling.