Paul Cornett, SVP General Counsel and Secretary of Quanex Building Products Corp, filed a Form 4 on November 3, 2026, disclosing the exercise of 5,500 stock options and the same-day sale of 5,500 shares of common stock on November 2, 2026.

Key Highlights

  • Options exercised: Cornett exercised 5,500 stock options at a conversion price of $19.45 per share on November 2, 2026, using transaction code M.
  • Shares sold: 5,500 shares of common stock were disposed of at a weighted-average price of $21.3247, with individual sale prices ranging from $21.08 to $21.76, inclusive.
  • 10b5-1 plan: According to the filing, the transactions were executed pursuant to a Rule 10b5-1 preset diversification program adopted by Cornett on July 1, 2021.
  • Remaining ownership: Following the transactions, Cornett directly beneficially owned 70,073.5244 shares of common stock.
  • ESPP dividend shares: The filing notes the ownership total includes 77.915 shares credited to Cornett's account from dividend reinvestments under the company's Employee Stock Purchase Plan.
  • Options expiration: The exercised stock options carried an expiration date of November 30, 2026, and were first exercisable November 30, 2019.

Cornett's November 2026 Option Exercise and Share Sale at Quanex Building Products

Paul Cornett, serving as SVP General Counsel and Secretary of Quanex Building Products Corp (NYSE:NX), reported two transactions in Table I of the filing, both dated November 2, 2026. First, he acquired 5,500 shares through the exercise of stock options at $19.45 per share (transaction code M). Immediately following, he disposed of 5,500 shares (transaction code S) at a weighted-average price of $21.3247, with the filing indicating individual sale prices ranged from $21.08 to $21.76, inclusive.

The filing states that both the option exercise and the share sale were carried out "pursuant to a Rule 10b5-1 preset diversification program previously adopted by the reporting person on July 1, 2021." The filing further notes that Cornett "undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price."

In Table II, the filing reports the corresponding derivative security: 5,500 stock options with a right-to-buy price of $19.45 were disposed of via exercise (transaction code M), with an expiration date of November 30, 2026. Following the exercise, zero stock options in this tranche remain. After all reported transactions, Cornett's direct beneficial ownership in common stock stands at 70,073.5244 shares, a figure the filing indicates includes 77.915 shares accumulated through the company's Employee Stock Purchase Plan dividend reinvestment.

What Was Disclosed

The Form 4 discloses that Paul Cornett exercised 5,500 expiring stock options and sold the resulting shares on November 2, 2026, under a pre-established 10b5-1 plan, leaving him with direct beneficial ownership of 70,073.5244 shares.