Robert R Buck, a director of Quanex Building Products Corporation, just received 3,610 restricted shares from the company. The restricted shares don't become available to Buck until such time as they become vested. Buck now owns at least 16,545 restricted shares of the company.
Some additional info was provided as follows:
Each restricted stock unit represents a contingent right to receive cash in an amount equivalent to the value of one share of NX common stock.
The restricted stock unit will vest immediately, but will not be payable until death, disability or cessation of service on the board or change of control.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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Other recent filings from the company include the following: