Company: REX
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000930413-25-001442
Chunk: 31

Company: REX AMERICAN RESOURCES Corp
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 31
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 as of December 31 2023, based on all employees of REX and its consolidated subsidiaries as of that date. In identifying our median employee, we: (i) calculated the annual total compensation described above for each of our employees and annualized the base salary/wages of all employees who were hired in 2023 but did not work for the entire year, (ii) ranked the annual total compensation of all employees except for the CEO from lowest to highest, and (iii) since we had an even number of employees when not including the CEO, determined the average of the annual total compensation of the two employees ranked at the median.

For fiscal 2024, we concluded that, to our reasonable belief, there were no changes in our employee population or compensation arrangements during the fiscal year that would significantly impact our pay ratio disclosure if we continued to use our same median employee we identified as of December 31, 2023 for purposes of the pay ratio calculation, as permitted by applicable SEC rules.

This pay ratio is a reasonable estimate calculated in a manner consistent with SEC rules based on our payroll and employment records and the methodology described above.

Pay Versus Performance Table

| Year | Total       
 Shareholder 
 Return3     | Summary      
 Compensation 
 Table Total  
 for CEO      |   |     |           |     | Peer Group  
 Total       
 Shareholder 
 Return3     | Compensation  
 Actually Paid 
 to CEO1       |   |     |           |     | Average      
 Summary      
 Compensation 
 Table Total  
 for Non-CEO  
 NEOs         |   |     |           |     | Average       
 Compensation  
 Actually Paid 
 to Non-CEO    
 NEOs2         |   |     |           |     | Value of Initial Fixed $100 Investment Based On: |   |     |        |     |   |     |        |     | Net     
 Income4 |   |     |            |     | Company-  
 Selected  
 Measure   
 (Adjusted 
 Net       
 Income)5  |   |     |            |
|:-----|:------------|:-------------|:--|:----|----------:|:----|:------------|:--------------|:--|:----|----------:|:----|:-------------|:--|:----|----------:|:----|:--------------|:--|:----|----------:|:----|:-------------------------------------------------|:--|:----|-------:|:----|:--|:----|-------:|:----|:--------