TREX CO INC 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds (c) The following table provides information relating to the purchases of our common stock during the three months ended September 30, 2020 in accordance with Item 703 of Regulation S-K: Period (a) Total Number of Shares (or Units) Purchased (1) (b) Average Price Paid per Share (or Unit) ($) (c) Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs (2) (d) Maximum number of Shares (or Units) that May Yet Be Purchased Under the Plan or Program July 1, 2020 – July 31, 2020 4,486 $ 69.67 — 8,797,222 August 1, 2020 – August 31, 2020 — — — 8,797,222 September 1, 2020 – September 30, 2020 — — — 8,797,222 Quarterly period ended September 30, 2020 4,486 — (1) Includes shares withheld by, or delivered to, the Company pursuant to provisions in agreements with recipients of restricted stock granted under the Company’s 2014 Stock Incentive Plan allowing the Company to withhold, or the recipient to deliver to the Company, the number of shares having the fair value equal to tax withholding due. (2) On February 16, 2018, the Company’s Board of Directors authorized a common stock repurchase program of up to 11.6 million shares of the Company’s outstanding common stock (Stock Repurchase Program). The Stock Repurchase Program was publicly announced on February 21, 2018. The Company did not purchase any shares under the Stock Repurchase Program during the three months ended September 30, 2020. On March 12, 2020, the Company suspended repurchases of its common stock under the Stock Repurchase Program due to the volatility and uncertainty in the stock market associated with the COVID-19 pandemic. On October 30, 2020, the Company lifted the suspension of repurchases of its common stock under the Stock Repurchase Program, primarily due to the stability and growth of the Company’s business and the industry segment in which the Company operates. 31