Trex (TREX) SVP reports share grant, performance adjustment and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Trex Company senior vice president Amy M. Fernandez reported multiple equity-related transactions in company common stock. She received a grant or award of 1,910 shares at $41.42 per share, increasing her directly owned holdings to 74,423 shares immediately after that award.
On the same date, an additional 1,083-share adjustment was recorded as another acquisition or disposition categorized as an “other” transaction, reflecting performance-based share vesting outcomes. Separately, 4,496 shares were disposed of at $41.42 per share to satisfy tax obligations by delivering shares, leaving her with 68,844 directly owned shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Fernandez Amy M.
Role
SVP, CLO and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,910 | $41.42 | $79K |
| Other | Common Stock | 1,083 | $41.42 | $45K |
| Tax Withholding | Common Stock | 4,496 | $41.42 | $186K |
Holdings After Transaction:
Common Stock — 74,423 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. 4.496 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 insider transactions did Trex (TREX) executive Amy M. Fernandez report?
Amy M. Fernandez reported three common stock transactions: a 1,910-share grant, a 1,083-share performance-related adjustment, and a 4,496-share disposition used to pay tax obligations, all at a reported price of $41.42 per share.
What was the price used for Amy M. Fernandez’s Trex (TREX) Form 4 transactions?
Each of the reported Trex common stock transactions for Amy M. Fernandez used a transaction price of $41.42 per share, covering the 1,910-share grant, the 1,083-share performance-related adjustment, and the 4,496-share tax-withholding share disposition.
What does the tax-withholding disposition in the Trex (TREX) Form 4 represent?
The 4,496-share disposition is labeled as payment of tax liability by delivering securities. It reflects shares surrendered, rather than a standard market sale, to cover taxes currently due on previously granted restricted stock units under Trex’s 2023 Stock Incentive Plan.