Trex COO awarded shares, surrenders stock for taxes
Trex Company Executive Vice President and Chief Operating Officer Adam Dante Zambanini reported multiple equity-related stock transactions.
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Rhea-AI Filing Summary
Trex Company Executive Vice President and Chief Operating Officer Adam Dante Zambanini reported multiple equity-related stock transactions. He received a grant or award of 3,623 shares of common stock at $41.42 per share. An additional 1,928-share adjustment reflects the net difference between target and actual performance-based vesting. He also surrendered 8,271 shares at $41.42 per share to cover taxes due on previously granted restricted stock units under Trex's 2023 Stock Incentive Plan, leaving him with 234,514 directly held shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,623 | $41.42 | $150K |
| Other | Common Stock | 1,928 | $41.42 | $80K |
| Exercise Price or Tax Liability | Common Stock | 8,271 | $41.42 | $343K |
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. 8,271 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 insider stock transactions did Trex (TREX) COO Adam Dante Zambanini report?
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