State Street Reports 4.8% Stake in REX (784,248 Shares)
Rhea-AI Filing Summary
State Street Corporation reported beneficial ownership of REX American Resources Corp common stock on a Schedule 13G. The filing shows State Street beneficially owns 784,248 shares, equal to 4.8% of the class. It reports shared voting power of 641,977 shares and shared dispositive power of 784,248, with no sole voting or sole dispositive power.
The filing identifies State Street and several advisory subsidiaries through which the position is held, including SSGA Funds Management, Inc., State Street Global Advisors Europe Limited, and State Street Global Advisors Limited. The statement certifies the securities are held in the ordinary course of business and not to change or influence control. The reporting person type is listed as HC.
Positive
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Negative
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Insights
TL;DR: Institutional stake below 5%—not a control position but a meaningful disclosure of ownership.
State Street's beneficial ownership of 784,248 shares (4.8%) signals an institutional holding in REX without sole voting or dispositive authority. The filing quantifies both shared voting power (641,977) and shared dispositive power (784,248), which matters for understanding where influence may reside within nominee or advisory arrangements. Because the filing asserts the shares are held in the ordinary course of business and not to change control, this disclosure is informational rather than a corporate-governance action.
TL;DR: Reporting identifies multiple State Street advisory entities; no indication of an intent to influence issuer control.
The schedule names several State Street adviser subsidiaries as the vehicles for the position, clarifying the organizational basis for shared powers. The classification of the reporting person as HC and the explicit certification that the shares are held in the ordinary course of business reduce the likelihood this filing signals an activist move. The practical impact on corporate governance is therefore limited, though disclosure improves transparency on institutional ownership and voting alignment.
FAQ
How many REX shares does State Street report owning?
What voting and dispositive powers does State Street report for REX?
Which State Street entities are identified in the filing as holding the position?
Does the filing indicate the shares are intended to influence control of REX?
What form and CUSIP were used to disclose this ownership?