BRUGGEMAN DOUGLAS 4

What Happened
Douglas Bruggeman, Chief Financial Officer (also VP–Finance and Treasurer) of REX American Resources Corp (REX), received two restricted stock awards on June 15, 2026: 20,758 shares and 28,508 shares, for a combined total of 49,266 shares. Both awards are reported with an acquisition price of $0.00 (i.e., granted as compensation rather than an open-market purchase or sale). These are grants—not sales or purchases—so they represent compensation subject to vesting rather than an immediate cash transaction.

Key Details

• Transaction date: 2026-06-15; Form 4 filed: 2026-06-17 (filed within the usual two-business-day window).
• Grants: 20,758 shares (reported $0.00 per share) and 28,508 shares (reported $0.00 per share); total granted = 49,266 shares.
• Shares owned after transaction: not specified in the filing summary provided.
• Footnotes / vesting:
  • F1 (20,758 shares): Restricted stock vests in one‑third increments, with one‑third vesting immediately and the remaining two thirds vesting on the first and second anniversaries of the grant.
  • F2 (28,508 shares): Restricted stock vests in one‑third increments on each of the first three anniversaries of the grant.
• Transaction type code: A = Award/Grant.

Context
Restricted stock awards are common forms of executive compensation. Because these shares vest over time, they may be forfeited if vesting conditions (such as continued employment) are not met; they are not an immediate market purchase that signals the insider putting personal cash to work. The filing shows a grant (compensation) rather than a sale; retail investors should note the vesting schedule when considering the potential future increase in insider ownership.