2024 SUSTAINABILITY REPORT
INTRODUCTION
PRODUCTS
ENVIRONMENT
PEOPLE
LEADERSHIP
35
ONE COLOR SPRUCE
ONE COLOR BLACK
ONE COLOR
Trex Board Diversity
2024 1
2022
2023
4
Number of women
3
4
40%
% of women
33%
44%
2
Number who identify as ethically diverse % who identify as ethically diverse
1
2
22%
11%
22%
1
Data as of December 31, 2024.
Board Independence
Our CEO-to-median employee compensation ratio consistently stays well below the national average.
LOGO USAGE
At Trex, our Board provides diverse, independent, and experienced oversight to help guide our business. We are dedicated to selecting Board members who offer a range of viewpoints and backgrounds, following our Director Nominations Policy. Currently, four out of ten Board members are women, and two identify as ethnically diverse. Apart from Bryan Fairbanks, our President and CEO, all Board members are independent under applicable legal and stock exchange standards. For more details, you can read our Proxy Statement and learn about our Corporate Governance Principles and Board members on our website .
Stock Ownership
To ensure Directors and Officers are aligned with stockholders, Trex has Stock Ownership Guidelines. These guidelines require: The CEO to hold shares equal to at least three times their base salary; Other Officers to hold shares equal to 1 to 1.5 times their base salary; Outside Directors to hold shares equal to at least three times their annual cash retainer. New Officers and Directors have five years to meet these requirements. As of December 31, 2024, all Officers and Directors are in compliance.
Executive Compensation Approach
Our executive compensation program is designed to align the interests of our executive officers with those of our stockholders. We reward performance that meets or exceeds goals set by the Board and Compensation Committee to boost stockholder value. In fact, at our 2024 annual meeting, 92% of stockholders voted in favor of our executive compensation proposal. We are committed to transparency, sharing executive compensation details in our annual Proxy Statement and other communications.
Political Contributions
In line with federal law and our Code of Conduct and Ethics, Trex did not donate any corporate funds for political advocacy or other political purposes in 2024.
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