Jacob T. Rudolph, Senior Vice President and Chief Human Resources Officer of Trex Co Inc, filed a Form 4 on November 9, 2026, disclosing the exercise of stock appreciation rights and a subsequent open-market sale of common stock.

Key Highlights

  • SAR exercise: Rudolph exercised 4,076 stock appreciation rights on November 5, 2026, with a grant price of $17.523 per share.
  • Shares received: The exercise was settled through the issuance of 2,800 shares of common stock, based on a fair market value of $56.01 per share on the exercise date.
  • Shares sold: 1,969 shares of common stock were sold on November 9, 2026, at a weighted average price of $59.067, with individual sale prices ranging from $58.92 to $59.1425.
  • Remaining direct ownership: Following both transactions, Rudolph directly held 37,462 shares of common stock.
  • SAR award exhausted: According to the filing, no stock appreciation rights remain outstanding under the exercised award, though Rudolph continues to hold rights under other previously reported awards.

Rudolph's SAR Exercise and Share Sale at Trex Co Inc

According to the filing, Jacob T. Rudolph, identified as SVP and CHRO of Trex Co Inc (NYSE:TREX), reported two transactions in Table I and one in Table II. On November 5, 2026, Rudolph exercised 4,076 stock appreciation rights carrying a grant price of $17.523 per share. The filing states that the settlement was based on the excess of the fair market value of $56.01 per share on the exercise date over the grant price, resulting in the issuance of 2,800 shares of common stock at a recorded acquisition price of $0.

Four days later, on November 9, 2026, the filing discloses that Rudolph sold 1,969 shares at a weighted average price of $59.067. The filing notes the shares were sold in multiple transactions at prices ranging from $58.92 to $59.1425, inclusive, and that Rudolph undertakes to provide per-transaction detail upon request by the issuer, any security holder, or SEC staff. Following this sale, Rudolph's direct beneficial ownership stood at 37,462 shares of common stock, according to the filing.

The filing further notes that the exercised SAR award is now fully exhausted, with zero stock appreciation rights remaining under it, but that Rudolph continues to hold stock appreciation rights under other awards previously reported. The Form 4 was signed on November 9, 2026, by Amy M. Fernandez acting under power of attorney.

What Was Disclosed

Trex Co Inc officer Jacob T. Rudolph disclosed the November 5, 2026 exercise of 4,076 stock appreciation rights resulting in 2,800 shares received, followed by the November 9, 2026 sale of 1,969 shares at a weighted average of $59.067, leaving 37,462 shares held directly.