Quanex (NX) Director William E. Waltz Jr. Receives Phantom Stock Award

What Happened
Director William E. Waltz Jr. was credited with 1,270.33 phantom stock units (a derivative award) on 2026-08-27. The units were valued at $19.68 each for a total grant value of $25,000. This was an award/acquisition under Quanex’s deferred compensation plan (transaction code A), not an open-market purchase or sale of common stock.

Key Details

• Transaction date and price: 2026-08-27 at $19.68 per unit (total value $25,000).
• Transaction type: Award/Grant of phantom stock units (derivative), Form 4 filed 2026-08-31 (timely by the two-business-day rule).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • F1: Each Phantom Stock Unit equals the economic equivalent of one common share; payouts are made in cash per the Deferred Compensation Plan.
  • F2: These units were credited due to deferral of director compensation.
  • F3: The grant includes 99.727 phantom units from automatic dividend reinvestment.
• Filing timeliness: Filed Aug 31, 2026 for a 8/27/2026 transaction — within the typical two-business-day reporting window.

Context
Phantom stock units are cash-settled derivatives that track the value of the company’s common stock; they do not represent immediate ownership of shares and will be paid in cash according to the plan’s distribution rules. Such awards are routine for non-employee directors as part of deferred compensation and do not by themselves indicate a buy or sell decision in the open market.