FAIRBANKS BRYAN HORIX 4
4 · TREX CO INC · Filed Feb 20, 2024
Insider Transaction Report
Form 4
TREX CO INCTREX
FAIRBANKS BRYAN HORIX
President and CEO
Transactions
- Tax Payment
Common Stock
2024-02-17$90.86/sh−811$73,687→ 123,732 total - Award
Common Stock
2024-02-19$90.86/sh+14,846$1,348,908→ 138,578 total - Award
Common Stock
2024-02-19$90.86/sh+21,208$1,926,959→ 159,786 total - Award
Stock Appreciation Right
2024-02-19$90.86/sh+12,895$1,171,640→ 62,323 totalExercise: $90.86From: 2025-03-01Exp: 2034-02-19→ Common Stock (12,895 underlying)
Footnotes (4)
- [F1]811 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.
- [F2]This restricted stock unit vests over a three-year period in three equal annual installments occurring March 1,2025, March 1, 2026 and March 1, 2027.
- [F3]This restricted stock unit award is performance-based, and vests over a three-year period in three equal installments occurring March 1, 2025, March 1, 2026 and March 1, 2027. The number of shares set forth above is the target number of shares. The number of shares that will actually vest each year will be based upon performance against certain financial goals for the Company, and will range from 0% to 200% of the target number of shares.
- [F4]The stock appreciation right becomes exercisable in three equal installments occurring March 1, 2025, March 1, 2026 and March 1, 2027.