Charles E. Collins IV - Apr 16, 2025 Form 4 Insider Report for ARGAN INC (AGX)

Signature
/s/ Charles E. Collins IV
Stock symbol
AGX
Transactions as of
Apr 16, 2025
Transactions value $
$0
Form type
4
Date filed
4/22/2025, 06:43 PM
Previous filing
Apr 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AGX Common Stock Options Exercise $0 +725 +5.88% $0.00 13K Apr 16, 2025 Direct F1
transaction AGX Common Stock Options Exercise $0 +544 +4.17% $0.00 13.6K Apr 16, 2025 Direct F2
transaction AGX Common Stock Options Exercise $0 +931 +6.85% $0.00 14.5K Apr 17, 2025 Direct F3
transaction AGX Common Stock Options Exercise $0 +838 +5.77% $0.00 15.4K Apr 17, 2025 Direct F4
transaction AGX Common Stock Options Exercise $0 +1.91K +12.46% $0.00 17.3K Apr 18, 2025 Direct F5
transaction AGX Common Stock Options Exercise $0 +2.58K +14.95% $0.00 19.9K Apr 18, 2025 Direct F6
transaction AGX Common Stock Options Exercise $0 +1.15K +5.78% $0.00 21K Apr 18, 2025 Direct F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AGX Time Based Restricted Stock Units Options Exercise $0 -1.33K -12.5% $0.00 9.34K Apr 16, 2025 Common Stock 1.33K $0.00 Direct F1
transaction AGX Renewable Performance Based Restricted Stock Units Options Exercise $0 -1K -6.45% $0.00 14.5K Apr 16, 2025 Common Stock 1K $0.00 Direct F2
transaction AGX Time Based Restricted Stock Units Award $0 +2K +21.42% $0.00 11.3K Apr 16, 2025 Common Stock 2K $0.00 Direct F8
transaction AGX Option to Purchase Common Stock Award $0 +1K +1.69% $0.00 60K Apr 16, 2025 Common Stock 1K $148.72 Direct F9
transaction AGX Renewable Performance Based Restricted Stock Units Award $0 +2.5K +17.24% $0.00 17K Apr 16, 2025 Common Stock 2.5K $0.00 Direct F10
transaction AGX Performance Based Restricted Stock Units Award $0 +500 +16.67% $0.00 3.5K Apr 16, 2025 Common Stock 500 $0.00 Direct F11
transaction AGX Earnings Per Share Performance Based Restricted Stock Units Award $0 +3K +66.67% $0.00 7.5K Apr 16, 2025 Common Stock 3K $0.00 Direct F12
transaction AGX Time Based Restricted Stock Units Options Exercise $0 -1.67K -14.71% $0.00 9.67K Apr 17, 2025 Common Stock 1.67K $0.00 Direct F3
transaction AGX Renewable Performance Based Restricted Stock Units Options Exercise $0 -1.5K -8.82% $0.00 15.5K Apr 17, 2025 Common Stock 1.5K $0.00 Direct F4
transaction AGX Time Based Restricted Stock Units Options Exercise $0 -3.33K -34.48% $0.00 6.33K Apr 18, 2025 Common Stock 3.33K $0.00 Direct F5
transaction AGX Renewable Performance Based Restricted Stock Units Options Exercise $0 -4.5K -29.03% $0.00 11K Apr 18, 2025 Common Stock 4.5K $0.00 Direct F6
transaction AGX Performance Based Restricted Stock Units Options Exercise $0 -1K -28.57% $0.00 2.5K Apr 18, 2025 Common Stock 1K $0.00 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the three-year vesting schedule of the Time-Based Restricted Stock Unit ("TRSU") awarded to the Reporting Person on April 18, 2022, 3,334 shares of Common Stock became issuable to the Reporting Person on April 18, 2025.
F2 Pursuant to the one-year performance period vesting schedule of the Renewable Performance-Based Restricted Stock Unit ("RRSUs") awarded to the Reporting Person on April 16, 2024, 1,000 shares of the Issuer's Common stock became issuable to the Reporting Person on April 16, 2025.
F3 Pursuant to the three-year vesting schedule of the TRSU awarded to the Reporting Person on April 17, 2023, 1,667 shares of Common Stock became issuable to the Reporting Person on April 17, 2025.
F4 Pursuant to the one-year performance period vesting schedule of the RRSU awarded to the Reporting Person on April 17, 2023, 1,500 shares of the Issuer's Common stock became issuable to the Reporting Person on April 17, 2025.
F5 Pursuant to the three-year vesting schedule of the TRSU awarded to the Reporting Person on April 18, 2022, 3,334 shares of Common Stock became issuable to the Reporting Person on April 18, 2025.
F6 Pursuant to the one-year performance period vesting schedule of the RRSU awarded to the Reporting Person on April 18, 2022, 4,500 shares of the Issuer's Common stock became issuable to the Reporting Person on April 18, 2025.
F7 Pursuant to the three-year vesting schedule of the Performance-Based Restricted Stock Unit ("PRSU") awarded to the reporting person on April 18, 2022, 2,000 shares of the Common Stock became issuable to the Reporting Person on April 18, 2025. The target number of shares was 1,000.
F8 On April 16, 2025 the Reporting Person was granted TRSUs covering 2,000 shares of common stock. The TRSUs will vest in equal installments on each of the next three anniversaries of the grant date starting on 4/16/2026.
F9 On April 16, 2025, the Reporting Person received 10-year options to purchase 1,000 shares of the Issuer's common stock with an exercise price of $148.72 per share. The options will vest ratably over three years on each anniversary of the grant date starting on 4/16/2026.
F10 On April 16, 2025 the Reporting Person was granted RRSUs in the target number of 2,500 shares, the vesting of which is subject to Gemma Power Systems, LLC and its affiliates obtaining new renewable energy projects with an aggregate contract value exceeding certain identified hurdle amounts for each of the performance periods. The four performance periods cover three consecutive one-year periods each with a target number of 500 shares and a cumulative total at the end of the three-year performance period with a target number of 1,000 shares. The awards will be more fully described in the Issuer's 2025 Proxy Statement. Each RRSU represents a contingent right to receive one share of the Issuer's common stock.
F11 On April 16, 2025, the Reporting Person was granted PRSUs in the target number of 500 shares, the vesting of which is subject to the rank of the Total Stock Return ("TSR") of the Issuer's common stock over a three-year period, as determined by the Issuer's Board of Directors, to the comparable TSRs of 12 peer public companies to be disclosed in the Issuer's 2025 Proxy Statement. Each PBRSU represents a contingent right to receive one share of the Issuer's common stock. The payout ratio of the target number of 500 shares, ranging from 0% to 200%, will depend on the degree of achievement of the TSR ranking. The determination of the number of shares of common stock to be issued shall occur at the end of the three-year performance period.
F12 On April 16, 2025, the Reporting Person was granted Earnings Per Share Performance-Based Restricted Stock Units ("EPSRSUs") in the target number of 3,000 shares, the vesting of which is subject to the sum of Earnings Per Share ("EPS") for fiscal years ending January 31, 2026, 2027 and 2028 compared to target compounded growth EPS amounts based on the sum of EPS for the fiscal years ended January 31, 2023, 2024 and 2025. The pay-out ratio of the target number of 3,000 shares ranging from 0% to 200%, will depend on the degree of achievement of the EPS ranking at the end of the three-year performance period.