Trex CEO equity grant and tax share surrender
Trex Company President and CEO Bryan Horix Fairbanks reported multiple equity-compensation-related transactions in common stock.
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Rhea-AI Filing Summary
Trex Company President and CEO Bryan Horix Fairbanks reported multiple equity-compensation-related transactions in common stock. He acquired 9,609 shares at $41.42 per share as a grant or award and recorded a 5,678-share adjustment tied to performance-based awards. He also surrendered 23,127 shares, as allowed under the 2023 Stock Incentive Plan, to cover taxes due on previously granted restricted stock units, leaving 167,044 shares held directly.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9,609 | $41.42 | $398K |
| Other | Common Stock | 5,678 | $41.42 | $235K |
| Exercise Price or Tax Liability | Common Stock | 23,127 | $41.42 | $958K |
Footnotes (3)
- F1. Represents net share difference between target performance-based shares and actual vested shares, based upon actual performance of the Company.
- F2. Represents the target number of performance-based restricted units which did not vest due to the performance condition not being satisfied.
- F3. 23,127 shares are being surrendered as allowed by the Company's 2023 Stock Incentive Plan to cover payment of taxes currently due on previously granted restricted stock units.
FAQ
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What did Trex (TREX) CEO Bryan Fairbanks report in this Form 4?
Were any of the Trex CEO’s transactions open-market buys or sells?
AI-generated analysis. How Rhea-AI works. Not financial advice.