Trex (NYSE: TREX) COO equity grant and tax share surrender
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Zambanini Adam Dante
Role
EVP, Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,623 | $41.42 | $150K |
| Other | Common Stock | 1,928 | $41.42 | $80K |
| Tax Withholding | Common Stock | 8,271 | $41.42 | $343K |
Holdings After Transaction:
Common Stock — 244,713 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. 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
What insider stock transactions did Trex (TREX) COO Adam Dante Zambanini report?
Adam Dante Zambanini reported a 3,623-share grant, a 1,928-share performance-based adjustment, and the surrender of 8,271 shares to cover taxes. All transactions involved Trex common stock at $41.42 per share and were reported as directly owned.