Paul Cornett - Jan 1, 2023 Form 4 Insider Report for Quanex Building Products CORP (NX)

Role: SVP General Counsel, Secretary
Signature: /s/ Paul B. Cornett
Stock symbol: NX
Transactions as of: Jan 1, 2023
Transactions value $: -$185,083
Form type: 4
Date filed: 1/4/2023, 03:21 PM
Previous filing: Dec 20, 2022
Next filing: Jan 18, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NX	Common Stock	Options Exercise	$0	+7.82K	+20.77%	$0.00	45.4K	Jan 1, 2023	Direct	F1, F2
transaction	NX	Common Stock	Options Exercise	-$185K	-7.82K	-17.2%	$23.68	37.6K	Jan 1, 2023	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NX	Restricted Stock Units	Options Exercise	$0	-7.82K	-100%	$0.00^*	0	Jan 1, 2023	Common Stock	7.82K		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the total number of restricted stock units that were settled in cash pursuant to their terms.
F2	Includes 13.684 shares credited to the reporting person's account as the result of prior dividend reinvestments under the Company's Employee Stock Purchase Plan.
F3	Each Restricted Stock Unit represents a contingent right to receive cash in an amount equivalent to the value of one share of Quanex common stock.
F4	The Restricted Stock Units vest on the three-year anniversary of the grant date, and are payable in cash if the grantee remains employed by the Company at that time.