Form 4: Quanex Building Products Director Waltz Jr. Reports Acquisition of Phantom Stock Units

Director William E. Waltz Jr. reports acquiring phantom stock units in Quanex Building Products through a deferred compensation plan.

Summary

• On February 27, 2024, William E. Waltz Jr., 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 deferred director compensation.
• Each phantom stock unit is equivalent to one share of common stock.
• The price per unit was $34.46.
• Following the transaction, Waltz Jr. beneficially owns 12,385.882 phantom stock units, including 30.672 units from automatic dividend reinvestment.
• The units are held directly.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.

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.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves phantom stock units and deferred compensation.

Key Dates