Director Jason Lippert filed a Form 4 with the SEC on August 31, 2026, disclosing the acquisition of 1,206.81 Phantom Stock Units in Quanex Building Products Corp on August 27, 2026, through the company's Deferred Compensation Plan.

Key Highlights

  • Reporting person: Jason Lippert, identified as a Director of Quanex Building Products Corp (NYSE:NX).
  • Units acquired: 1,206.81 Phantom Stock Units credited on August 27, 2026, via deferral of director compensation, at a price of $19.68 per unit.
  • Transaction code: "A" (acquired), under the Deferred Compensation Plan.
  • Resulting ownership: 20,528.516 Phantom Stock Units beneficially owned following the reported transaction, held directly.
  • Dividend reinvestment: The post-transaction total includes 82.66 phantom stock units credited through automatic dividend reinvestment, according to the filing.
  • Settlement terms: Distributions under the plan are made in cash beginning on a date selected by the participant or upon death, disability, or termination of service as a director.

Lippert Phantom Stock Acquisition Under Quanex Deferred Compensation Plan

According to the filing, Director Jason Lippert acquired 1,206.81 Phantom Stock Units in Quanex Building Products Corp (NYSE:NX) on August 27, 2026. The units were credited to Lippert's account under the company's Deferred Compensation Plan as a result of the deferral of director compensation. The transaction was assigned code "A," indicating an acquisition, with a per-unit price of $19.68.

The filing states that each Phantom Stock Unit "is the economic equivalent of one share of common stock," with the underlying security identified as common stock. However, distributions under the Deferred Compensation Plan are made in cash, not in shares, beginning on a specified date selected by the participant or upon the participant's death, disability, or termination of service as a director. The units are held directly and are classified as derivative securities in Table II of the filing.

Following the reported transaction, Lippert's total beneficial ownership of Phantom Stock Units stood at 20,528.516, according to the filing. That figure includes 82.66 phantom stock units credited to the account as a result of automatic dividend reinvestment. The Form 4 was signed by Paul B. Cornett under a Power of Attorney and filed on August 31, 2026.

What Was Disclosed

Director Jason Lippert reported the acquisition of 1,206.81 Phantom Stock Units at $19.68 each in Quanex Building Products Corp on August 27, 2026, through director compensation deferral, bringing his total phantom stock ownership to 20,528.516 units.