Hughes Bradley E. 4

What Happened

• Bradley E. Hughes, a director of Quanex Building Products Corp (NX), was credited with 1,370.14 phantom stock units on 2026-02-26. The filing values the award at $20.85 per unit, totaling about $28,567.
• This was a derivative award (phantom stock units) credited under Quanex’s Deferred Compensation Plan as a result of deferring director compensation, not an open-market purchase or option exercise.

Key Details

• Transaction date: 2026-02-26; Filing date: 2026-02-27 (timely filing).
• Units granted/credited: 1,370.14 phantom stock units at $20.85 each; aggregate value ~$28,567.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes: F1 notes units were credited due to deferral of director compensation; F2 explains each Phantom Stock Unit equals the economic equivalent of one share and distributions are made in cash per participant elections or upon death/disability/termination; F3 shows 74.529 of the units reflect automatic dividend reinvestment.
• Transaction code: A (award/acquisition); reported as a derivative transaction.

Context

• Phantom stock units are a cash-settled form of equity compensation (they track the value of stock but typically pay out in cash later), so this does not represent an immediate purchase of common shares or an intent to sell.
• Such credits are routine director compensation and should be interpreted as compensation-related, not a direct buy/sell signal about the director’s personal view of the stock.