{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-086881","form_type":"8-K","ticker":"TREX","cik":"0001069878","company_name":"TREX CO INC","filed_at":"2026-03-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.496070+00:00","generated_at":"2026-05-15T21:59:09.059719+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Trex enters $100M accelerated share repurchase with Wells Fargo; initial delivery of ~1.9M shares","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-086881","json":"https://secwatch.observer/filing/0001193125-26-086881.json","markdown":"https://secwatch.observer/filing/0001193125-26-086881.md","text":"https://secwatch.observer/filing/0001193125-26-086881.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1069878/000119312526086881/0001193125-26-086881-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1069878/000119312526086881/trex-20260303.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T21:59:09.059719+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a835731bc60e840c2f2ef3601e1b6466740922a3","claim":"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).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1069878/000119312526086881/0001193125-26-086881-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Value","value":"$100,000,000"},{"label":"Effective","value":"2026-02-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}