Form 4: Trex Co Inc Director Exercises Stock Appreciation Rights and Disposes of Shares
SEC Form 4 Filing
Director James E. Cline exercises stock appreciation rights and disposes of shares of Trex Co Inc common stock.
Summary
- On March 11, 2024, Director James E. Cline exercised stock appreciation rights (SARs) and disposed of shares of Trex Co Inc common stock.
- The transactions involved the exercise of SARs at prices of $50.83 and $38.85, resulting in the acquisition of 12,622 and 15,224 shares, respectively.
- Following these transactions, Cline disposed of 18,924 shares at a price of $93.89.
- After the reported transactions, Cline beneficially owns 39,595 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating transactions by a company insider. It doesn't inherently convey positive or negative sentiment, but rather reports factual information about stock transactions.
Key Dates
| Date | Description |
|---|---|
| 02/13/2019 | Date exercisable for some Stock Appreciation Rights |
| 02/19/2020 | Date exercisable for some Stock Appreciation Rights |
| 03/11/2024 | Date of earliest transaction: Exercise of SARs and disposal of shares |
| 03/13/2024 | Date of signature by power of attorney |
| 04/28/2025 | Expiration date for Stock Appreciation Rights |
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