Bustos Cheryl Lea 4

What Happened

• Cheryl Lea Bustos, a director of REX American Resources Corporation (REX), was granted two restricted stock awards on 2026-06-15 totaling 4,423 shares (2,096 and 2,327 shares). The Form 4 reports an acquisition price of $0.00 for both grants (award/administrative grant, not an open-market purchase).

Key Details

• Transaction date: 2026-06-15; Form 4 filed: 2026-06-17 (appears timely within the 2-business-day reporting window).
• Grants: 2,096 shares and 2,327 shares, both reported at $0.00 per share (code A — award/grant).
• Shares owned after transaction: not specified in the provided details of this summary.
• Vesting: filing footnotes indicate these are restricted shares. One award vests one-third immediately with the remainder vesting over the next two years; the other vests in one-third increments on each of the first three anniversaries of the grant.
• Corporate action: a prior 2-for-1 stock split on Sept 8, 2025 resulted in an earlier adjustment of 2,536 additional shares (not part of the June 2026 grants).

Context

• These transactions are awards of restricted stock (not purchases or sales). Restricted stock grants are compensation and do not necessarily signal the insider buying or selling in the open market.
• Because the grants carry vesting schedules, the shares will become unrestricted over time per the footnotes; they may be subject to forfeiture until vested.