Form 4: Quanex Director Boosts Stake with Phantom Stock Units

Quanex Building Products Director William E. Waltz Jr. acquired 1,111.37 phantom stock units as deferred compensation, increasing his total beneficial ownership to 18,630.116 units.

Summary

• Director William E. Waltz Jr. of Quanex Building Products CORP (NX) acquired 1,111.37 phantom stock units on August 28, 2025.
• These units were credited to his account under the Deferred Compensation Plan as a result of deferring director compensation.
• Each phantom stock unit is the economic equivalent of one share of common stock.
• 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.
• Following this transaction, Mr. Waltz Jr. beneficially owns a total of 18,630.116 phantom stock units.
• This total includes 73.845 phantom stock units credited to his account as a result of automatic dividend reinvestment.
• The underlying common stock equivalent price for the acquired units was $21.37.

Sentiment

Score: 7

Explanation: The acquisition of phantom stock units by a director, even as deferred compensation, generally signals confidence in the company's future performance and aligns management interests with shareholders.

Positives

• Director William E. Waltz Jr. increased his beneficial ownership in Quanex Building Products by acquiring 1,111.37 phantom stock units, demonstrating continued alignment with shareholder interests.
• The acquisition through deferred compensation indicates a commitment by the director to the company's long-term performance.

Negatives

• NA

Risks

• NA

Future Outlook

NA

Management Comments

• The acquisition of phantom stock units through deferred compensation reflects the director's decision to align personal compensation with the long-term performance of Quanex Building Products.

Industry Context

NA

Comparison to Industry Standards

• NA

Management Changes

Corporate Governance

Legal Proceedings

• NA

Related Party Transactions

• The transaction involves the deferral of director compensation into phantom stock units, which is a standard arrangement between the company and its director under a Deferred Compensation Plan.

Stakeholder Impact

• Shareholders: Increased alignment of the director's financial interests with the long-term value creation for shareholders.

Next Steps

• NA

Key Dates

Keywords

Quanex, NX, Form 4, insider transaction, phantom stock, deferred compensation, director compensation, beneficial ownership