4Filed Jul 29, 8:00 PM ET
TREX Director Gerald Volas Receives $120k Restricted Stock Award
$TREX · TREX CO INCResearch Summary
AI-generated summary of this SEC filing
TREX Director Gerald Volas Receives $120k Restricted Stock Award
What Happened
Gerald Volas, a director of Trex Co., received a grant of 2,831 restricted stock units (reported as an acquisition) on 2026-07-29. The award is reported at $42.39 per share for a total value of $120,006.
Key Details
- Transaction date: 2026-07-29; Form 4 filed: 2026-07-30 (filed the next day).
- Transaction type/code: Award/Grant (A) of restricted stock units.
- Shares/units granted: 2,831 RSUs at $42.39 per share; total reported value ~$120,006.
- Shares owned after transaction: Not reported in the provided filing excerpt.
- Footnote: The RSUs vest on the first anniversary of the grant (2027-07-29).
- Timeliness: Filing appears timely (filed the business day after the grant).
Context
Restricted stock units are compensation awards that convert to shares at vesting; they are not an open-market purchase or sale. Such grants are common director compensation and do not by themselves indicate a buy/sell market action by the insider until (and unless) the shares are sold after vesting.