Company: REX
Filing Date: 2025-09-02
Form Type: 10-Q
Source: 0000930413-25-002856
Chunk: 79

Company: REX AMERICAN RESOURCES Corp
Filing Date: 2025-09-02
Form: 10-Q
Item: Part I, Item 8
Chunk 79
---
The following tables summarize
legally unvested restricted stock award activity for the periods presented:

     Six Months Ended July 31, 2025        
    Shares   Weighted Average Grant Date Fair Value (000’s)   Weighted Average Remaining Vesting Term (in years)                  Unvested at January 31, 2025   162,392   $6,190    2   Granted   59,928    2,860        Forfeited   -    -        Vested   82,210    2,946                          Unvested at July 31, 2025   140,110   $6,104    2  

     Six Months Ended July 31, 2024        
    Shares   Weighted Average GrantDate Fair Value (000’s)   Weighted Average RemainingVesting Term (in years)                  Unvested at January 31, 2024   162,855   $5,369    2   Granted   63,407    2,894        Forfeited   -    -        Vested   63,870    2,073                          Unvested at July 31, 2024   162,392   $6,190    2  

21

Restricted Stock Units

In May 2022, the Company issued
a total of 67,500 RSUs to certain officers with a performance period that ended on December 31, 2024. The number of RSUs eligible to vest
ranged from zero percent to two-hundred percent and was determined based on how the Company’s TSR compared to the TSR of companies
that comprised the Russell 2000 Index during the performance period. The calculated payout of the RSUs that vested was 148%, or 99,900
shares of REX common stock, and the shares were issued on February 26, 2025.

The Company did not recognize
any compensation cost related to RSUs in the three- or six-month periods