Dennis C. Schemm - Feb 23, 2022 Form 4 Insider Report for TREX CO INC (TREX)

Role
SVP, Chief Financial Officer
Signature
/s/ William R. Gupp by power of attorney
Stock symbol
TREX
Transactions as of
Feb 23, 2022
Transactions value $
$887,102
Form type
4
Date filed
2/25/2022, 07:04 AM
Previous filing
Feb 22, 2022
Next filing
Feb 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TREX Common Stock Award $250K +3.05K +32.07% $82.01 12.6K Feb 23, 2022 Direct F1
transaction TREX Common Stock Award $357K +4.36K +34.69% $82.01 16.9K Feb 23, 2022 Direct F2
transaction TREX Common Stock Award $204K +2.49K +14.71% $82.01 19.4K Feb 23, 2022 Direct F4
transaction TREX Common Stock Tax liability -$184K -2.25K -11.57% $82.01 17.2K Feb 23, 2022 Direct F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TREX Stock Appreciation Right Award $259K +3.16K $82.01 3.16K Feb 23, 2022 Common Stock 3.16K $82.01 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This restricted stock unit vests over a three-year period in three equal annual installments occurring on March 1, 2023, March 1, 2024 and March 1, 2025.
F2 This restricted stock unit award is performance-based, and vests over a three-year period occurring on March 1, 2023, March 1, 2024 and March 1, 2025. 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 The stock appreciation right becomes exercisable in three equal annual installments occurring on March 1, 2023, March 1, 2024 and March 1, 2025.
F4 Represents net share difference between target performance-based shares and actual vested shares, based upon actual performance for the Company.
F5 2,247 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.