Not quite. OS X is a Unix based operating system and in Unix, files can be executable. This has to do with the permissions on a file. A user can have any combination of the following three privileges - read, write and execute. You can set certain files to have executable permissions for certain users. So, OS X recognizes them when it says that and it is in essence telling you that it is an executable file. Just a tip.

wick98, this article should explain what that folder is and why it's in the Trash.