TREX CO INC 4
4 · TREX CO INC · Filed Feb 20, 2015
Insider Transaction Report
Form 4
TREX CO INCTREX
Reese F Timothy
Vice President, Operations
Transactions
- Disposition to Issuer
Common Stock
2015-02-18$43.89/sh−407$17,863→ 73,085 total - Tax Payment
Common Stock
2015-02-18$43.89/sh−623$27,343→ 72,462 total - Award
Common Stock
2015-02-18$43.89/sh+5,431$238,367→ 77,893 total - Award
Common Stock
2015-02-18$43.89/sh+5,431$238,367→ 83,324 total - Tax Payment
Common Stock
2015-02-19$43.64/sh−758$33,079→ 82,566 total
Footnotes (5)
- [F1]Represents net share difference between target performance-based shares and actual vested shares, based upon performance goals for the Company.
- [F2]623 shares are being surrendered as allowed by the Company's 2005 Stock Incentive Plan to cover the payment of taxes currently due on previously granted restricted shares.
- [F3]This restricted stock award vests over a three-year period in three equal annual installments beginning on the first anniversary of the grant date.
- [F4]This restricted stock award is performance-based, and vests over a three-year period in three equal installments beginning on the first anniversary of the grant date. 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.
- [F5]758 shares are being surrendered as allowed by the Company's 2005 Stock Incentive Plan to cover the payment of taxes currently due on previously granted restricted shares.