REX director corrects invalid 1,048-share restricted stock grant
REX American Resources Corp director corrects prior stock grant filing.
Rhea-AI Filing Summary
REX American Resources Corp director corrects prior stock grant filing. A reporting person originally disclosed receiving a grant of 1,048 shares of restricted stock under the REX American Resources 2015 Incentive Plan, based on a transaction dated June 16, 2025. It was later determined that this grant was invalid because the plan had expired 15 days before the reported grant date, so no restricted stock was actually issued. As of June 16, 2025, the reporting person beneficially owned 2,536 shares of REX common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bustos Cheryl Lea
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common stock, $.01 par value | -- | -- | -- |
Holdings After Transaction:
Common stock, $.01 par value — 2,536 shares (Direct)
Footnotes (1)
- F1. On June 17, 2025, the reporting person mistakenly filed a Form 4 reporting receipt on June 16, 2025, of a grant of 1,048 shares of Restricted Stock under the REX American Resources 2015 Incentive Plan. It was subsequently determined that no Restricted Stock was actually issued because the plan had expired in accordance with its terms 15 days prior to the grant. As of June 16, 2025, the reporting person owned only 2,536 shares of common stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the REX (REX) Form 4/A filing disclose?
The Form 4/A reports that a previously disclosed grant of 1,048 shares of restricted stock to a director under the 2015 Incentive Plan was filed in error because the plan had already expired, and no restricted stock was actually issued.
What relationship does the reporting person have to REX American Resources Corp?
The reporting person is a director of REX American Resources Corp, as indicated in the relationship section of the filing.
Does this REX Form 4/A reflect any new stock transactions?
No. The Form 4/A clarifies that the earlier reported grant of 1,048 restricted shares did not occur and that the director’s holdings are 2,536 shares of common stock as of June 16, 2025.
Who signed the amended Form 4 for the REX director?
The amended Form 4 was signed by Edward M. Kress as Attorney-in-Fact for Cheryl Bustos.
AI-generated analysis. How Rhea-AI works. Not financial advice.