HARRIS DAVID 4
Research Summary
AI-generated summary
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.