Scott M. Zuehlke - 02 Dec 2023 Form 4 Insider Report for Quanex Building Products CORP (NX)

Signature
/s/ Paul B. Cornett, Power of Attorney
Issuer symbol
NX
Transactions as of
02 Dec 2023
Net transactions value
-$56,327
Form type
4
Filing time
04 Dec 2023, 16:24:36 UTC
Previous filing
20 Dec 2022
Next filing
08 Dec 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NX Common Stock Tax liability $56,327 -1,778 -3.6% $31.68 47,177 02 Dec 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Shares were sold to cover taxes due in connection with the lapse of forfeiture restrictions on restricted stock originally granted to the reporting person on December 2, 2020.