Form 4: Quanex Building Products Director Lippert Acquires Phantom Stock Units

Director Jason Lippert acquired phantom stock units in Quanex Building Products through a deferred compensation plan.

Summary

• On February 27, 2024, Jason Lippert, a director of Quanex Building Products CORP, acquired 634.79 phantom stock units.
• The acquisition was made under the Deferred Compensation Plan as a result of deferral of Director Compensation.
• Each phantom stock unit is the economic equivalent of one share of common stock.
• The price of the phantom stock units was $34.46.
• Following the transaction, Lippert beneficially owns 8,678.785 phantom stock units, which includes 20.996 units credited due to automatic dividend reinvestment.
• Distributions under the Deferred Compensation Plan are made in cash beginning on a specified date selected by the participant or upon the participant's death, disability, or termination of service as a director.

Sentiment

Score: 7

Explanation: The document reflects a routine insider transaction, indicating a neutral to slightly positive sentiment as it shows director's continued investment in the company.

Positives

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders.
• The Deferred Compensation Plan allows for tax-deferred growth of compensation.

Future Outlook

Distributions under the Deferred Compensation Plan are made in cash beginning on a specified date selected by the participant or upon the participant's death, disability, or termination of service as a director.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors and their alignment with shareholder interests.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and ownership.

Key Dates