MacMillan Anne 4

What Happened
Anne MacMillan, a director of REX American Resources Corporation (REX), was granted two restricted stock awards on June 15, 2026: 2,096 shares and 2,327 shares, each recorded at $0.00 (total 4,423 shares). These are listed on the Form 4 as grant/award transactions (code A), i.e., compensation shares issued at no cash cost to the insider.

Key Details

• Transaction date: June 15, 2026; Form 4 filed June 17, 2026 (within the typical 2-business-day filing window).
• Awards: 2,096 shares @ $0.00 and 2,327 shares @ $0.00 (total 4,423 shares).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnotes from the filing:
  • F1: REX completed a 2-for-1 stock split on Sept 8, 2025; the reporting person received 7,222 additional shares on Sept 15, 2025 due to the split.
  • F2: One award vests in three equal parts, with the first third vesting immediately and the remaining two thirds vesting on the first and second anniversaries of the grant.
  • F3: The other award vests in three equal parts on each of the first three anniversaries of the grant.
• Transaction code: A = Award/Grant (restricted stock).

Context
These awards are company compensation (restricted stock) for a director, not an open-market purchase or sale. Because vesting schedules differ between the two awards (one has an immediate one‑third vesting; the other vests over three anniversaries), only a portion may be freely owned immediately—remaining shares are subject to future vesting and forfeiture rules. Awards at $0 are common for director compensation and do not by themselves signal insider buying or selling intent.