Form 4: Quanex Building Products Director Lippert Reports Phantom Stock Unit Acquisition

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

Summary

• On August 29, 2024, Jason Lippert, a director of Quanex Building Products CORP, acquired 823.57 phantom stock units.
• These units were credited to Lippert's account under the Deferred Compensation Plan as a result of deferred director compensation.
• Each phantom stock unit is economically equivalent to one share of Quanex Building Products common stock.
• The price of the phantom stock units was $27.32.
• Following the transaction, Lippert beneficially owns 10,245.897 phantom stock units, which includes 27.185 units from 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 is a routine regulatory filing indicating standard compensation practices. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

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 related to executive compensation and is typical for publicly traded companies. It provides transparency into the holdings of company insiders.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it relates to director compensation.

Key Dates