TREX (TREX) COO Adam Zambanini receives time- and performance-based stock grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Zambanini Adam Dante reported acquisition or exercise transactions in this Form 4 filing.
TREX CO INC executive Adam Dante Zambanini, EVP and Chief Operating Officer, reported two equity awards of common stock on February 24, 2026, classified as grants or awards rather than market purchases. These were structured as restricted stock unit awards.
One award vests over three years in three equal annual installments on March 1, 2027, March 1, 2028, and March 1, 2029. The second is performance-based, with the same three-year vesting schedule, but the actual shares that vest each year will depend on company financial goals and can range from 0% to 200% of the target share amount.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Zambanini Adam Dante
Role
EVP, Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 18,914 | $41.45 | $784K |
| Grant/Award | Common Stock | 18,914 | $41.45 | $784K |
Holdings After Transaction:
Common Stock — 222,176 shares (Direct)
Footnotes (1)
- This restricted stock unit award vests over a three-year period in three equal annual installments occurring March 1, 2027, March 1, 2028 and March 1, 2029. This restricted stock unit award is performance-based, and vests over a three-year period in three equal installments occurring March 1, 2027, March 1, 2028 and March 1, 2029. The number of shares set forth above is the target number of shares. The number of shares that will actually vest each year will be based upon performance against certain financial goals for the Company and will range from 0% to 200% of the target number of shares.
FAQ
What insider transaction did TREX EVP Adam Zambanini report on this Form 4?
Adam Zambanini reported two equity awards of TREX common stock classified as grants or awards. These are restricted stock unit grants rather than open-market purchases, tied to a multi-year vesting schedule and, in one case, company performance goals.
How do Adam Zambanini’s new TREX restricted stock unit awards vest?
The awards vest over three years in three equal annual installments. Vesting dates are March 1, 2027, March 1, 2028, and March 1, 2029, aligning the executive’s equity compensation with a longer-term service and performance period at TREX.
What is performance-based about one of Adam Zambanini’s TREX stock awards?
One restricted stock unit award is performance-based and vests over the same three-year schedule. The shares that vest each year depend on TREX financial goals, ranging from 0% to 200% of the target number of shares in the award.
What ownership type is reported for Adam Zambanini’s new TREX awards?
The awards are reported as directly owned common stock. The transactions list ownership as “D” for direct, with no indication of indirect entities such as trusts or partnerships, meaning the reported holdings are attributed directly to Adam Zambanini.