Waltz William E Jr. 4

What Happened William E. Waltz Jr., a director of Quanex Building Products Corp. (NX), was credited with 1,327.67 phantom stock units on 2026-05-28. The units are recorded at $18.83 each for a total economic value of approximately $25,000. This was an award/acquisition of derivative units (phantom stock) under the company's Deferred Compensation Plan, not an open-market purchase of common shares.

Key Details

• Transaction date: 2026-05-28; Form 4 filed: 2026-06-01 (timely filing).
• Instrument: Phantom Stock Units (derivative award) credited under the Deferred Compensation Plan.
• Units awarded: 1,327.67; price/value used: $18.83 per unit; total value ≈ $25,000.
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes: units are economic equivalents of common shares and will be paid in cash per the Deferred Compensation Plan schedule (F1); units were credited due to deferral of director compensation (F2); 96.992 of the credited units reflect automatic dividend reinvestment (F3).

Context

• Phantom stock units are a deferred compensation vehicle that track the economic value of shares; they typically pay out in cash (or equivalent) at a later date or upon certain events (retirement, death, disability, termination). This award increases Waltz's economic exposure to Quanex stock value but does not represent immediate ownership of common shares or an open-market purchase.