Form 4: Trex Company SVP, CLO and Secretary, Amy M. Fernandez, Reports Changes in Beneficial Ownership

Amy M. Fernandez, SVP, CLO and Secretary of Trex Company, reports changes in beneficial ownership of common stock due to performance-based restricted units not vesting, net share difference between target and actual vested shares, and shares surrendered for tax obligations.

Summary

• On March 1, 2024, Amy M. Fernandez, SVP, CLO and Secretary of Trex Company, reported changes in beneficial ownership of Trex Company common stock.
• 711 performance-based restricted units did not vest because the performance condition was not met.
• 1,911 shares were acquired representing the net share difference between target performance-based shares and actual vested shares, based upon actual performance for the Company, at a price of $94.61.
• 2,009 shares were surrendered to cover payment of taxes due on previously granted restricted stock units at a price of $94.61.
• Following these transactions, Ms. Fernandez beneficially owns 19,043 shares of Trex Company common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't convey strong positive or negative sentiment.

Negatives

• 711 performance-based restricted units did not vest because the performance condition was not met.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider and doesn't necessarily reflect broader industry trends.

Stakeholder Impact

• The transactions reported may have a minor impact on shareholders due to the change in insider ownership.

Key Dates