Paul Cornett - Mar 20, 2024 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
Mar 20, 2024
Transactions value $
-$100,841
Form type
4
Date filed
3/22/2024, 04:11 PM
Previous filing
Dec 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NX Common Stock Options Exercise $47K +2.44K +5.47% $19.31 47K Mar 20, 2024 Direct F1
transaction NX Common Stock Sale -$91.5K -2.44K -5.19% $37.55 44.5K Mar 20, 2024 Direct F1, F2
transaction NX Common Stock Options Exercise $59.2K +3.06K +6.98% $19.31 47K Mar 21, 2024 Direct F1
transaction NX Common Stock Sale -$116K -3.06K -6.52% $37.72 43.9K Mar 21, 2024 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 Stock Options (Right to Buy) Options Exercise $0 -2.44K -44.29% $0.00 3.06K Mar 20, 2024 Common Stock 2.44K $19.31 Direct
transaction NX Stock Options (Right to Buy) Options Exercise $0 -3.06K -100% $0.00* 0 Mar 21, 2024 Common Stock 3.06K $19.31 Direct
* 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 Includes 10.782 shares credited to the reporting person's account as the result of prior dividend reinvestments under the Company's Employee Stock Purchase Plan.
F2 The stock options were exercised pursuant to a Rule 10b5-1 preset diversification program previously adopted by the reporting person on July 1, 2021.