Trex enters $100M accelerated share repurchase with Wells Fargo; initial delivery of ~1.9M shares

TREX CO INC

Prepaid $100M to Wells Fargo on Feb 27; received ~1.9M shares initially, valued at ~80% of prepayment at Feb 26 close.
Final share count based on volume-weighted average price during period ending May 21, 2026; Wells Fargo may accelerate valuation from Apr 9.
Funded through line of credit; ASR intended to comply with Rule 10b5-1(c) and 10b-18.
At settlement, Wells Fargo may deliver additional shares or Trex may pay cash if final shares less than initial; company subject to typical buyback restrictions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TREX CO INC entered into Forward Share Repurchase Transaction Confirmation with Wells Fargo Bank, National Association valued at $100,000,000 (effective 2026-02-26).

Action: entry
Agreement: equity purchase
Counterparty: Wells Fargo Bank, National Association
Value: $100,000,000
Effective: 2026-02-26

Exact text from the filing

On February 26, 2026, Trex Company, Inc. (the “Company”) entered into a Forward Share Repurchase Transaction Confirmation (the “Confirmation”) with Wells Fargo Bank, National Association (“Wells Fargo”).

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TREX CO INC filing history →

Source: SEC EDGAR

accession 0001193125-26-086881

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