[Form 4/A] REX AMERICAN RESOURCES Corp Amended Insider Trading Activity
REX American Resources filed an amended Form 4 to correct a prior reporting error regarding a restricted stock grant to Executive Chairman and director Stuart Rose. A June 17, 2025 filing had reported a grant of 11,532 shares of restricted stock under the REX American Resources 2015 Incentive Plan as of June 16, 2025. It was later determined that no restricted stock was actually issued because the plan had expired in accordance with its terms 15 days before the reported grant date. As of June 16, 2025, the reporting person directly owned 291,052 shares of common stock.
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FAQ
What did REX (REX) disclose in this Form 4/A amendment?
The company reported that a previously disclosed grant of 11,532 shares of restricted stock to Executive Chairman and director Stuart Rose was filed in error and that no such shares were actually issued.
Why was the 11,532-share restricted stock grant for REX corrected?
The correction was made because the REX American Resources 2015 Incentive Plan had expired in accordance with its terms 15 days before the reported June 16, 2025 grant date, so no restricted stock could be issued under that plan.
How many REX shares does the reporting person own after this correction?
As of June 16, 2025, the reporting person, Stuart Rose, directly owned 291,052 shares of REX American Resources common stock.
Does this REX Form 4/A reflect any new stock grants or sales?
No new grants, sales, or purchases are reported. The amendment clarifies that a previously reported 11,532-share restricted stock grant never occurred because the plan had expired.
What is the role of the reporting person in REX American Resources?
The reporting person, Stuart Rose, is identified as a Director and an Officer, serving as Executive Chairman of the Board (Executive COB) of REX American Resources.
Does this amendment indicate any change to REX's incentive plan status?
The disclosure states that the REX American Resources 2015 Incentive Plan had expired in accordance with its terms prior to the attempted grant, which is why the reported restricted stock was not issued.