Quanex Building Products Corporation director just cashed-in 3,610 options

Leroy D Nosbaum, a director of Quanex Building Products Corporation, recently cashed-in 3,610 options. The options were exercised at $0.00, while the disposals took place at $15.31 per share, on November 01, 2018. Nosbaum continues to hold 2,500 shares of the company. Nosbaum operates out of Houston, TX. Some additional info was provided as follows:

Represents the total number of restricted stock units that were settled in cash pursuant to their terms. 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 become payable until the director's death, disability, or cessation of service on the board, or in the event of a c hange in control. The restricted stock unit vested immediately and became payable on the one-year anniversary of its grant, pursuant to the payment election made by the grantee.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

To receive a free e-mail notification whenever Quanex Building Products Corporation makes a similar move, sign up!

Other recent filings from the company include the following:

Quanex Building Products Corporation director was just granted 369 restricted shares - Oct. 2, 2019
Quanex Building Products Corporation director just declared ownership of no shares of Quanex Building Products Corporation - Oct. 2, 2019
Quanex Building Products Appoints Meredith Mendes To Board Of Directors - Sept. 30, 2019

Auto Refresh