George Laverne Wilson - Dec 2, 2024 Form 4 Insider Report for Quanex Building Products CORP (NX)

Role
President & CEO, Director
Signature
/s/ Paul B. Cornett, Power of Attorney
Stock symbol
NX
Transactions as of
Dec 2, 2024
Transactions value $
-$57,377
Form type
4
Date filed
12/4/2024, 04:20 PM
Previous filing
Dec 19, 2023
Next filing
Dec 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NX Common Stock Options Exercise $128K +6.3K +2.7% $20.28 239K Dec 2, 2024 Direct F1, F2
transaction NX Common Stock Sale -$185K -6.3K -2.63% $29.39 233K Dec 2, 2024 Direct F3

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 -6.3K -100% $0.00 0 Dec 2, 2024 Common Stock 6.3K $20.28 Direct F1, F4
* 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 The stock options were exercised pursuant to a Rule 10b5-1 preset diversification program previously adopted by the reporting person.
F2 Includes 24.3547 shares credited to the reporting person's account as the result of prior dividend reinvestments under the Company's Employee Stock Purchase Plan.
F3 The price reported in Column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $28.99 to $29.80, inclusive. The reporting person undertakes to provide to NX, any security holder of NX, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F4 The options became exercisable in three equal annual installments. The first installment became exercisable on December 3, 2015, the second installment became exercisable on December 3, 2016, and the third installment became exercisable on December 3, 2017.