Dennis Charles Schemm - 14 Feb 2023 Form 4 Insider Report for TREX CO INC (TREX)

Reporting relationship: SVP, Chief Financial Officer
Issuer ticker: TREX
Reported as of: 14 Feb 2023
Net transaction value: +$1,124,583
SEC form: 4
Accepted by SEC: 16 Feb 2023, 09:46:58 UTC
Prior SEC filing: 25 Feb 2022
Next SEC filing: 21 Feb 2023
Source filing: View source filing
Reporting owner signature: /s/ William R. Gupp by power of attorney

Key filing fact

Dennis Charles Schemm filed Form 4 for TREX CO INC (TREX) on 16 Feb 2023.

Key facts

This page summarizes Dennis Charles Schemm's Form 4 filing for TREX CO INC (TREX).
5 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 16 Feb 2023, 09:46.

Change

Previous filing in this sequence was filed on 25 Feb 2022.
Current net transaction value: +$1,124,583.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

TREX transaction

Common Stock

Award

Transaction value: $345,117
Shares: +6,076
Change %: +35%
Price: $56.80
Shares after: 23,431
Date: 14 Feb 2023
Ownership: Direct
Footnotes: F1, F2

TREX transaction

Common Stock

Award

Transaction value: $493,024
Shares: +8,680
Change %: +37%
Price: $56.80
Shares after: 32,111
Date: 14 Feb 2023
Ownership: Direct
Footnotes: F3

TREX transaction

Common Stock

Award

Transaction value: $84,859
Shares: +1,494
Change %: +4.7%
Price: $56.80
Shares after: 33,605
Date: 14 Feb 2023
Ownership: Direct
Footnotes: F4

TREX transaction

Common Stock

Tax liability

Transaction value: $107,352
Shares: -1,890
Change %: -5.6%
Price: $56.80
Shares after: 31,715
Date: 14 Feb 2023
Ownership: Direct
Footnotes: F5

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

TREX transaction Derivative

Stock Appreciation Right

Award

Transaction value: $308,935
Shares: +5,439
Change %
Price: $56.80
Shares after: 5,439
Date: 14 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 5,439
Exercise price: $56.80
Footnotes: F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote 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.

Footnote F2

Includes 189 shares acquired under the Company ESPP in March 2022

Footnote F3

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.

Footnote F4

Represents net share difference between target performance-based shares and actual vested shares, based upon actual performance for the Company.

Footnote F5

1,890 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.

Footnote F6

The stock appreciation right becomes exercisable in three equal installments occurring March 1,2024, March 1, 2025 and March 1, 2026.