February 19, 2024 · Form 4 insider transaction
Lovcik Brenda bought 6,092 shares of Trex Company, Inc. at $90.86 per share, a transaction worth $553.5K. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 1 day after the transaction.
This restricted stock unit award is performance-based, and vests over a three-year period in three equal installments occurring March 1, 2025, March 1, 2026 and March 1, 2027. 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.