REX AMERICAN RESOURCES Form 4/A fixes expired plan stock grant
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
REX AMERICAN RESOURCES Corp director Charles Elcan filed an amended ownership report to correct a prior mistake about a stock grant. A report filed on June 17, 2025 had indicated receipt on June 16, 2025 of a grant of 1,048 shares of restricted stock under the company’s 2015 Incentive Plan. It was later determined that the plan had expired 15 days before that date, so no restricted stock was actually issued.
As of June 16, 2025, the filing states that the reporting person beneficially owned 56,338 shares of REX common stock, held directly. This amendment removes the previously reported but never issued restricted stock grant and clarifies the director’s true shareholdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
ELCAN CHARLES A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common stock, $.01 par value | -- | -- | -- |
Holdings After Transaction:
Common stock, $.01 par value — 56,338 shares (Direct)
Footnotes (1)
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FAQ
What did the amended Form 4/A for REX (REX) correct?
The amended filing corrects a prior report that had shown a grant of 1,048 shares of restricted stock to director Charles Elcan on June 16, 2025. The filing now states that no restricted stock was actually issued because the plan under which it was to be granted had already expired.
Who is the reporting person in this REX Form 4/A filing?
The reporting person is a director of REX AMERICAN RESOURCES Corp, identified as Charles Elcan, with the form signed by Edward M. Kress as Attorney-in-Fact.
Does this REX Form 4/A show any new stock transactions?
No new acquisitions or disposals of securities are reported. Instead, the amendment clarifies that a previously reported 1,048-share restricted stock grant never occurred and confirms the director’s existing ownership of 56,338 common shares.
What type of securities are reported in this REX ownership filing?
The filing reports ownership of REX AMERICAN RESOURCES Corp common stock, $.01 par value, with 56,338 shares shown as beneficially owned directly as of June 16, 2025.