REX (NYSE: REX) CFO awarded two new restricted stock grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BRUGGEMAN DOUGLAS reported acquisition or exercise transactions in this Form 4 filing.
REX AMERICAN RESOURCES Corp reported that CFO and VP-Finance Douglas Bruggeman received two awards of restricted common stock. He was granted 28,508 shares and 20,758 shares at no cash cost, reflecting equity-based compensation rather than market purchases.
One restricted stock grant vests in one-third increments, with the first third vesting immediately and the remaining two-thirds on the first two anniversaries of the grant. The other grant vests in one-third increments on each of the first three anniversaries of the grant, tying full ownership to multi-year service.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
BRUGGEMAN DOUGLAS
Role
CFO, VP-Finance, Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock, $.01 par value | 20,758 | $0.00 | -- |
| Grant/Award | Common stock, $.01 par value | 28,508 | $0.00 | -- |
Holdings After Transaction:
Common stock, $.01 par value — 274,842 shares (Direct, null)
Footnotes (1)
- Restricted Stock vesting in one-third increments with the first third vesting immediately and the remaining two years on the first two anniversaries of the grant. Restricted Stock vesting in one-third increments on each of the first three anniversaries of the grant.
Key Figures
Restricted stock grant 1: 28,508 shares
Restricted stock grant 2: 20,758 shares
Grant price per share: $0.0000 per share
+2 more
5 metrics
Restricted stock grant 1
28,508 shares
Common stock award to CFO at $0.0000 per share
Restricted stock grant 2
20,758 shares
Second common stock award to CFO at $0.0000 per share
Grant price per share
$0.0000 per share
Reported transaction price for both restricted stock grants
Immediate vesting portion
One-third of first award
First restricted stock grant vests one-third immediately
Vesting period
Up to 3 years
Awards vest in one-third increments over up to three anniversaries
Key Terms
Restricted Stock, vesting, grant, award
4 terms
Restricted Stock financial
"Restricted Stock vesting in one-third increments with the first third vesting immediately"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
vesting financial
"Restricted Stock vesting in one-third increments on each of the first three anniversaries"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
grant financial
"anniversaries of the grant"
award financial
"Grant, award, or other acquisition"
FAQ
What insider transaction did REX (REX) disclose for Douglas Bruggeman?
REX disclosed that CFO Douglas Bruggeman received two grants of restricted common stock. These are equity awards classified as acquisitions, not open-market purchases or sales, and form part of his compensation rather than a discretionary stock trade.
What are the vesting terms of the new restricted stock awards at REX (REX)?
One restricted stock award vests one-third immediately, with the remaining two-thirds vesting on the first two anniversaries of the grant. The second award vests in one-third increments on each of the first three anniversaries, encouraging continued service over several years.