Equity grant gives TREX (TREX) director Irene Tasi 1,256 new shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TREX CO INC director Irene Tasi reported an equity grant rather than an open-market trade. On the reported date, she acquired 1,256 shares of common stock through a restricted stock unit award at a reference price of $43.79 per share. Following this award, her directly owned stake is 1,256 shares. The award is scheduled to vest on the first anniversary of the grant, meaning she must remain eligible through that date before the shares fully vest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Tasi Irene
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,256 | $43.79 | $55K |
Holdings After Transaction:
Common Stock — 1,256 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did TREX (TREX) director Irene Tasi report?
Irene Tasi reported receiving an equity award, not buying shares on the market. She acquired 1,256 shares of TREX common stock through a restricted stock unit grant at a reference price of $43.79 per share, increasing her direct holdings to 1,256 shares.
Was the TREX (TREX) Form 4 transaction a market purchase or an award?
The transaction was an award, not an open-market purchase. The Form 4 classifies it under code A as a grant, award, or other acquisition, reflecting a restricted stock unit grant rather than a voluntary buy of TREX shares in the market.
When do Irene Tasi’s new TREX (TREX) restricted stock units vest?
The restricted stock unit award vests on the first anniversary of the grant. Until that one-year mark is reached, the award remains unvested, and full ownership of the underlying 1,256 TREX shares depends on satisfying the time-based vesting condition.
How did this Form 4 change Irene Tasi’s ownership in TREX (TREX)?
After the reported award, Irene Tasi directly owns 1,256 TREX common shares. All of these shares relate to the newly granted restricted stock unit award, and the filing lists her ownership type as direct following completion of the grant transaction.
What does transaction code A mean in the TREX (TREX) Form 4?
Transaction code A signifies a grant, award, or other acquisition of securities. In this TREX filing, it identifies the 1,256-share restricted stock unit grant to director Irene Tasi, distinguishing it from typical open-market purchases or sales of common stock.