Trex SVP receives stock award and surrenders shares
Trex Company executive Jacob T. Rudolph, SVP and CHRO, reported multiple stock transactions involving company common shares.
Rhea-AI Filing Summary
Trex Company executive Jacob T. Rudolph, SVP and CHRO, reported multiple stock transactions involving company common shares. He received a grant or award acquisition of 1,250 shares of common stock at $41.42 per share, increasing his direct holdings at that point to 41,544 shares.
The filing also records a 663-share "other" transaction representing the net difference between target performance-based shares and actual vested shares based on company performance, and identifies a separate block of performance-based restricted units that did not vest because performance conditions were not met. In addition, 2,850 shares were surrendered at $41.42 per share to cover taxes due on previously granted restricted stock units under the company’s 2023 Stock Incentive Plan, leaving Rudolph with 38,031 directly owned shares after these transactions.
Positive
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,250 | $41.42 | $52K |
| Other | Common Stock | 663 | $41.42 | $27K |
| Exercise Price or Tax Liability | Common Stock | 2,850 | $41.42 | $118K |
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. 2,850 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) executive Jacob T. Rudolph report?
Was there any open-market buying or selling in Jacob T. Rudolph’s Trex Form 4 filing?
What performance-based equity outcomes are described in Jacob T. Rudolph’s Trex Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.