Edward M. Kress at REX (REX) receives multi-year restricted stock grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KRESS EDWARD M reported acquisition or exercise transactions in this Form 4 filing.
REX AMERICAN RESOURCES Corp director and secretary Edward M. Kress received two restricted stock awards of common stock. One grant covers 2,327 shares that vest in one-third increments, with the first third vesting immediately and the remaining two thirds on the first two anniversaries of the grant. A second grant of 2,096 shares vests in one-third increments on each of the first three anniversaries of the grant. These awards are stock-based compensation, not open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
KRESS EDWARD M
Role
Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock, $.01 par value | 2,096 | $0.00 | -- |
| Grant/Award | Common stock, $.01 par value | 2,327 | $0.00 | -- |
Holdings After Transaction:
Common stock, $.01 par value — 202,096 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: 2,327 shares
Restricted stock grant 2: 2,096 shares
Grant price per share: $0.00 per share
+1 more
4 metrics
Restricted stock grant 1
2,327 shares
Common stock award with immediate and two-year anniversary vesting
Restricted stock grant 2
2,096 shares
Common stock award vesting over three anniversaries
Grant price per share
$0.00 per share
Both restricted stock awards
Acquisition transactions
2 transactions
Both coded as grant, award, or other acquisition (A)
Key Terms
Restricted Stock, vesting, Grant, award, or other acquisition
3 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, award, or other acquisition regulatory
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did REX (REX) report for Edward M. Kress?
REX reported that Edward M. Kress received two restricted stock grants. He was awarded 2,327 shares and 2,096 shares of common stock as compensation, with both awards structured to vest in equal annual installments over multi‑year schedules.
Were Edward M. Kress’s REX (REX) restricted stock awards open-market purchases?
No, the awards were not open-market purchases. Both transactions are coded as grants or awards at a per-share price of $0.00, indicating stock-based compensation rather than shares bought or sold in the market by Kress.
What role does Edward M. Kress hold at REX (REX)?
Edward M. Kress is both a director and an officer at REX, serving as Secretary. The reported restricted stock grants reflect equity-based compensation linked to his leadership position rather than discretionary market trading activity in the company’s shares.