REX American Resources corrects insider grant; no RS issued
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
REX American Resources Corp (REX) filed an amended Form 4 to correct a prior insider ownership report by its CFO, VP-Finance and Treasurer, Douglas L. Bruggeman. A Form 4 filed for a supposed June 16, 2025 grant of 10,379 shares of restricted stock under the REX American Resources 2015 Incentive Plan was made in error. The plan had expired 15 days before the reported grant date, so no restricted stock was actually issued. As of June 16, 2025, Bruggeman beneficially owned 133,085 shares of REX common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BRUGGEMAN DOUGLAS
Role
CFO, VP-Finance, Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common stock, $.01 par value | -- | -- | -- |
Holdings After Transaction:
Common stock, $.01 par value — 133,085 shares (Direct)
Footnotes (1)
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FAQ
What does the amended Form 4 for REX (REX American Resources Corp) report?
The amended Form 4 corrects a prior filing by the CFO that had reported a grant of 10,379 restricted shares on June 16, 2025. The amendment states that no restricted stock was actually issued because the incentive plan had already expired.
Who is the reporting person in this REX Form 4/A filing and what is their role?
The reporting person is Douglas L. Bruggeman, who serves as CFO, VP-Finance and Treasurer of REX American Resources Corp.
Does this REX Form 4/A indicate any new stock grants or sales by the insider?
No new grants or sales are reported. The amendment clarifies that previously reported restricted stock was never issued and confirms the insider’s ownership of 133,085 common shares as of June 16, 2025.
Why did REX’s CFO need to amend the original Form 4?
The CFO amended the original Form 4 because it mistakenly reported receipt of restricted stock under the 2015 Incentive Plan. The plan had already expired according to its terms, so the reported grant did not occur.