Company: REX
Filing Date: 2025-06-04
Form Type: 10-Q
Source: 0000930413-25-001941
Chunk: 65

Company: REX AMERICAN RESOURCES Corp
Filing Date: 2025-06-04
Form: 10-Q
Item: Part I, Item 8
Chunk 65
---
 June 15th, or the next business day if June 15th is not a business day, for all grants of restricted stock.

Based on retirement eligibility
provisions, a portion of restricted stock grants are expensed at grant date, based on grant date fair value, thus considered vested
for accounting purposes. At April 30, 2025, 20,046 shares were unvested for accounting purposes and unrecognized compensation cost
related to these nonvested restricted stock awards was approximately $465,000, to be recognized over a weighted average vesting
term of 1.8 years.

The following tables
summarize legally non-vested restricted stock award activity for the periods presented:

    Three Months Ended April 30, 2025 
              
    Non-Vested Shares   Weighted Average Grant Date Fair Value  (000’s)   Weighted  Average Remaining Vesting Term  (in years) 
                 
 Non-Vested at January 31, 2025   162,392   $6,190    2 
 Granted   -    -      
 Forfeited   -    -      
 Vested   -    -      
                 
 Non-Vested at April 30, 2025   162,392   $6,190    1 

    Three Months Ended April 30, 2024 
              
    Non-Vested Shares   Weighted  Average Grant Date Fair Value  (000’s)   Weighted  Average Remaining Vesting Term (in years) 
                 
 Non-Vested at January 31, 2024   162,855   $5,369    2 
 Granted   -    -      
 Forfeited   -    -      
 Vested   -    -      
                 
 Non-Vested at April 30, 2024   162,855   $5,369    2 

Restricted Stock Units

In May 2022, the Company
issued a total of 67,500 RSUs to