REX AMERICAN RESOURCES Corp·4

Jun 17, 11:03 AM ET

HARRIS DAVID 4

Research Summary

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REX Director David Harris Receives Restricted Stock Award

What Happened
David Harris, a director of REX American Resources Corporation (REX), was granted a total of 6,053 restricted shares on June 15, 2026. The filing reports two awards: 3,144 shares and 2,909 shares, each acquired at $0.00 (i.e., no cash paid). These are awards of restricted stock (transaction code A), not open-market purchases or sales.

Key Details

  • Transaction dates: June 15, 2026 (reported on Form 4 filed June 17, 2026). Filing appears timely (within the typical two-business-day window).
  • Grants: 3,144 shares @ $0.00 and 2,909 shares @ $0.00 — total 6,053 shares awarded.
  • Shares owned after transaction: Not specified in the information provided in this summary. Refer to the full Form 4 for total ownership.
  • Footnotes of note:
    • F1: REX had a 2-for-1 stock split on Sept 8, 2025; the reporting person received 20,773 additional shares on Sept 15, 2025.
    • F2: One grant vests one-third immediately, with the remaining two-thirds vesting on the first two anniversaries of the grant.
    • F3: Another grant vests one-third on each of the first three anniversaries of the grant.
  • Transaction code: A = Award/Grant (restricted stock). No tax withholding or sale reported (code F not used here).

Context
Restricted stock awards (A) are compensation grants subject to vesting. Because these were awarded at $0.00, they represent compensation rather than a purchase; they do not by themselves indicate a directional trade (unlike an open-market buy or sale). Check the full Form 4 for exact vesting dates and any subsequent disposals or withholding transactions that could affect net holdings.