Gupp William R. 4
4 · TREX CO INC · Filed Feb 16, 2023
Insider Transaction Report
Form 4
TREX CO INCTREX
Gupp William R.
V.P. & General Counsel
Transactions
- Award
Common Stock
2023-02-14$56.80/sh+4,289$243,615→ 113,524 total - Tax Payment
Common Stock
2023-02-14$56.80/sh−1,960$111,328→ 119,364 total - Award
Common Stock
2023-02-14$56.80/sh+1,673$95,026→ 121,324 total - Award
Common Stock
2023-02-14$56.80/sh+6,127$348,014→ 119,651 total - Award
Stock Appreciation Right
2023-02-14$56.80/sh+3,840$218,112→ 3,840 totalExercise: $56.80From: 2024-03-01Exp: 2033-02-14→ Common Stock (3,840 underlying)
Footnotes (5)
- [F1]This restricted stock unit vests over a three-year period in three equal annual installments occurring March 1,2024, March 1, 2025 and March 1, 2026.
- [F2]This restricted stock unit award is performance-based, and vests over a three-year period in three equal installments occurring March 1,2024, March 1, 2025 and March 1, 2026. 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.
- [F3]Represents net share difference between target performance-based shares and actual vested shares, based upon actual performance for the Company.
- [F4]1,960 shares are being surrendered as allowed by the Company's 2014 Stock Incentive Plan to cover payment of taxes currently due on previously granted restricted stock units.
- [F5]The stock appreciation right becomes exercisable in three equal installments occurring March 1,2024, March 1, 2025 and March 1, 2026.