Finally got an answer to my own question, the price is for a package of 4. Unfortunately they do not sell individual boards any more.
This product is one piece only with 8 total linear feet.
Yes, this can be cut.
Dear Ted: Thank you for your inquiry with Home Depot. The price of this item is correct. Our online prices are subject to many factors including materials used to make the merchandise by the vendor and a national average set by our corporate office along with the manufacturers and vendors and other various, related aspects of online merchandising. We appreciate your business and look forward to serving you in the future. Thank you for shopping Home Depot.