Trex (TREX) CEO receives stock award and surrenders shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
FAIRBANKS BRYAN HORIX
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9,609 | $41.42 | $398K |
| Other | Common Stock | 5,678 | $41.42 | $235K |
| Tax Withholding | Common Stock | 23,127 | $41.42 | $958K |
Holdings After Transaction:
Common Stock — 195,849 shares (Direct)
Footnotes (1)
- Represents net share difference between target performance-based shares and actual vested shares, based upon actual performance of the Company. Represents the target number of performance-based restricted units which did not vest due to the performance condition not being satisfied. 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
What did Trex (TREX) CEO Bryan Fairbanks report in this Form 4?
Trex President and CEO Bryan Fairbanks reported equity-compensation-related stock activity, including a share grant, a performance-based share adjustment, and a tax-withholding share surrender. These transactions changed his directly held Trex common stock balance to 167,044 shares.
Were any of the Trex CEO’s transactions open-market buys or sells?
None of the reported Trex transactions are coded as open-market buys or sells. They are classified as a grant or award acquisition, a performance-based share adjustment, and a tax-withholding disposition under the company’s stock incentive plan, according to the Form 4.