Building EqualizerExample AU plugin with Xcode (13.4.1)

[orchidas]

I am on MacOS Monterey (12.4, intel architecture), and am trying to build the EqualizerExample plugin using XCode (version 13.4.1). The build succeeds but I am only seeing .a and .vst3 executables, when I explicitly selected the Target builds to be AU and VST3 (I am expecting to see files ending with .component in the Builds folder, but I don't see it. It also appears in red under the XCode Products folder).

I changed to the Legacy system build hoping that it would fix the issue, but it does not. Can anyone replicate the problem and guide me?