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.
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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.
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.