Form 4: Quanex Director Jason Lippert Boosts Phantom Stock Holdings

Quanex Building Products Director Jason Lippert acquired 1,111.37 phantom stock units through a deferred compensation plan, increasing his total beneficial ownership to 14,849.411 units.

Summary

• Jason Lippert, a Director of Quanex Building Products Corp (NX), acquired 1,111.37 phantom stock units.
• The acquisition occurred on August 28, 2025, as part of a deferred compensation plan for director compensation.
• Each phantom stock unit is the economic equivalent of one share of common stock, with an implied value of $21.37 per unit for this transaction.
• Following this transaction, Lippert beneficially owns a total of 14,849.411 phantom stock units.
• This total includes 57.908 phantom stock units credited from automatic dividend reinvestment.
• Distributions from the Deferred Compensation Plan are made in cash upon a participant-selected date or specific events like death, disability, or termination of service.

Sentiment

Score: 7

Explanation: The transaction reflects a routine compensation event for a director, increasing their beneficial ownership in the company, which is generally viewed positively as it aligns management interests with shareholders.

Positives

• Director Jason Lippert increased his beneficial ownership in the company through the acquisition of phantom stock units, aligning his interests with shareholders.
• The acquisition is part of a deferred compensation plan, indicating a structured approach to executive compensation and retention.

Future Outlook

This filing does not contain forward-looking statements or guidance, as it is a report of a past transaction.

Industry Context

This Form 4 filing reports an individual director's compensation-related transaction and does not provide broader industry context or trends. Such transactions are common mechanisms for executive and director compensation across various industries, aligning long-term interests.

Comparison to Industry Standards

• This filing is a standard disclosure of insider transactions and does not contain information for direct comparison to industry-specific performance benchmarks or competitor projects. The use of phantom stock units in deferred compensation plans is a common practice for director remuneration in publicly traded companies.

Related Party Transactions

• The acquisition of phantom stock units by a director under a deferred compensation plan can be considered a related-party transaction, as it involves compensation between the company and a member of its board.

Stakeholder Impact

• Shareholders: Increased alignment of a director's financial interests with shareholders due to higher beneficial ownership.

Key Dates

Keywords

Quanex Building Products, NX, Jason Lippert, Director, Phantom Stock Units, Deferred Compensation, Insider Transaction, SEC Form 4, Beneficial Ownership, Executive Compensation