Director David Harris awarded restricted REX (REX) shares as equity compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HARRIS DAVID reported acquisition or exercise transactions in this Form 4 filing.
REX AMERICAN RESOURCES Corp director David Harris reported equity compensation awards rather than market purchases. On June 15, 2026, he received two grants of common stock totaling 2,909 and 3,144 shares at no cash cost. These are described as Restricted Stock, vesting in one-third increments over three years, with a portion vesting immediately and the remainder on the first and second or first, second, and third anniversaries of the grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
HARRIS DAVID
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock, $.01 par value | 3,144 | $0.00 | -- |
| Grant/Award | Common stock, $.01 par value | 2,909 | $0.00 | -- |
Holdings After Transaction:
Common stock, $.01 par value — 44,690 shares (Direct, null)
Footnotes (1)
- On September 8, 2025, the common shares of REX American Resources Corporation split 2 for 1, resulting in the reporting person's acquisition of 20,773 additional shares of common stock on September 15, 2025. 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: 2,909 shares
Restricted stock grant 2: 3,144 shares
Grant price per share: $0.0000 per share
+1 more
4 metrics
Restricted stock grant 1
2,909 shares
Common stock grant to David Harris on June 15, 2026
Restricted stock grant 2
3,144 shares
Common stock grant to David Harris on June 15, 2026
Grant price per share
$0.0000 per share
Equity compensation, not an open-market purchase
Stock split adjustment
20,773 shares
Additional shares from 2-for-1 split on September 15, 2025
Key Terms
Restricted Stock, stock split, par value, Grant, award, or other acquisition
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.
stock split financial
"the common shares of REX American Resources Corporation split 2 for 1"
A stock split increases the number of a company's shares by dividing each existing share into multiple new shares while reducing the price per share by the same proportion, so an investor's total value and ownership percentage stay the same. It matters because lower per-share prices can make trading easier and attract more buyers, similar to breaking a large chocolate bar into smaller pieces to make it easier to share, which can boost liquidity and market interest.
par value financial
"Common stock, $.01 par value"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did REX (REX) director David Harris report?
David Harris reported receiving equity awards in REX common stock, not open-market trades. On June 15, 2026, he acquired restricted shares as compensation, which increase his stake in the company through stock that vests over time rather than cash salary.
How do the restricted stock awards for REX (REX) director David Harris vest?
One award vests in one-third increments, with the first third vesting immediately and the remaining portions on the first two anniversaries. The other award vests in one-third increments on each of the first three anniversaries of the grant, encouraging multi-year service and alignment.
Was this REX (REX) Form 4 a stock purchase or a compensation grant?
This Form 4 reflects compensation grants, not stock purchases. The transactions use code “A” for grant or award acquisitions, with a zero purchase price. They represent restricted stock awards granted by REX American Resources Corp to director David Harris under the company’s compensation arrangements.
What does the prior REX (REX) stock split footnote say about David Harris’s holdings?
A footnote states that a 2-for-1 stock split on September 8, 2025 resulted in David Harris acquiring 20,773 additional common shares on September 15, 2025. This reflects an adjustment from the split, separate from the June 2026 restricted stock grants reported here.