Quanex Building Products CORP·4

Jun 1, 4:18 PM ET

Lawler Mary Katherine 4

Research Summary

AI-generated summary

Updated

Quanex (NX) Director Mary Katherine Lawler Receives Phantom Stock Award

What Happened

  • Mary Katherine Lawler, a director of Quanex Building Products Corp (NX), was credited with 1,261.29 phantom stock units on 2026-05-28. The units are recorded at $18.83 each, for an aggregate value of $23,750. This transaction is an award/acquisition of derivative units (code A), not an open-market stock purchase.

Key Details

  • Transaction date: 2026-05-28; Filing (Form 4) date: 2026-06-01.
  • Units credited: 1,261.29 phantom stock units at $18.83 per unit; total value ≈ $23,750.
  • Shares/units held after transaction: not specified in the provided filing details.
  • Footnotes:
    • F1: Each Phantom Stock Unit equals the economic value of one share; payouts under the Deferred Compensation Plan are made in cash on a date the participant selects or upon death, disability, or termination of director service.
    • F2: These units were credited as a result of deferring director compensation under the Deferred Compensation Plan.
    • F3: The credited total includes 10.201 phantom stock units from automatic dividend reinvestment.
  • No late-filing indicator was provided in the summary materials supplied.

Context

  • Phantom stock units are a cash-settled form of deferred compensation that mirror the economic value of shares; they do not represent issuance of actual common stock and are typically paid out in cash per the plan rules. This transaction reflects compensation deferral for a director rather than a buy/sell signal on the open market.