Argan (AGX) Director Peter Getsinger Exercises Derivatives, Receives Award

What Happened
Peter W. Getsinger, a director of Argan Inc. (AGX), had time‑based restricted stock units (TRSUs) vest and convert on June 10, 2026. The Form 4 reports 533 shares acquired via exercise/conversion of derivatives at $0.00 and a concurrent disposition of 530 derivative shares at $0.00. On the same date he was also granted 189 new TRSUs (no cash price).

Key Details

• Transaction date: June 10, 2026; filing date: June 12, 2026 (Form 4 accession 0001627519-26-000008).
• Reported entries: 533 shares acquired (exercise/conversion, code M) at $0.00; 530 shares disposed (derivative) at $0.00; 189 TRSUs granted (code A) at $0.00.
• Net immediate change in issued common shares shown on the form: +3 shares (533 acquired − 530 disposed).
• Shares owned after the transaction: not listed in the provided summary of the filing.
• Footnotes: F1 — 530 TRSU shares became issuable on June 10, 2026 under a one‑year vesting schedule and are adjusted for dividends. F2 — the 189 newly granted TRSUs vest fully on June 10, 2027 or on the 2027 Annual Meeting, whichever comes first.
• Filing timeliness: filed two days after the transaction date; no late‑filing indication in the provided data.

Context
TRSUs are time‑based awards that convert into common shares when they vest; the $0.00 price reflects conversion/issuance rather than a cash purchase. The grant of 189 TRSUs is a future‑vesting award and does not represent an immediate market purchase or sale. The small net increase of 3 shares on conversion is informational; the filing does not disclose cash proceeds or the director’s total beneficial ownership.