Collins Charles Edwin IV 4
4 · ARGAN INC · Filed Apr 20, 2026
Research Summary
AI-generated summary of this filing
ARGAN (AGX) CEO Collins Exercises Awards, Net Sells 3,852 Shares
What Happened
Charles Edwin Collins IV, CEO of ARGAN, reported conversions/exercises of derivative awards (code M) on April 16–17, 2026. The filing shows he acquired 9,314 shares at $0.00 (vesting/conversion of restricted and performance-based RSUs/TRSUs/PRSUs/ERSUs) and disposed 13,166 shares at $0.00, for a net decrease of 3,852 shares. Several awards that vested were performance-based and paid above target (see footnotes).
Key Details
- Transaction dates: April 16–17, 2026; reported on Form 4 filed April 20, 2026.
- Prices: all entries show $0.00 (typical for RSU/awarded-share conversions — no exercise cash paid).
- Shares acquired (conversion/issuance): 9,314 shares.
- Shares disposed (derivative/withheld or transferred): 13,166 shares.
- Net change: -3,852 shares (overall reduction in holdings per these entries).
- Footnotes:
- F1–F4: various RRSUs/TRSUs from 2024–2025 awards vested April 16, 2026 (total issuable 3,500 shares).
- F5–F8: multiple 2023 awards vested April 17, 2026 — ERSUs and PRSUs paid above target (ERSUs: 5,000 issued vs 2,500 target; PRSUs: 2,000 issued vs 1,000 target), plus RRSUs/TRSUs totaling 6,166 shares.
- All vested shares are “adjusted for dividends” per footnotes.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Timeliness: Form 4 filed April 20 for April 16–17 transactions — Form 4s are normally due within two business days, so this filing was reported several calendar days after the transactions.
Context
These entries reflect conversion/issuance of restricted and performance-based awards (derivative code M) into common stock at no cash cost to the insider. The “Disposed” derivative entries commonly (but not explicitly) represent shares withheld or transferred to satisfy tax withholding or brokerage settlement; the filing does not state the exact reason. Because these are vesting-related movements (compensation realization and likely tax settlement), they are routine insider events and not the same signal as an open-market purchase by the CEO.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-04-16+548→ 21,554 total - Exercise/Conversion
Common Stock
[F2]2026-04-16+270→ 21,824 total - Exercise/Conversion
Common Stock
[F3]2026-04-16+730→ 22,554 total - Exercise/Conversion
Common Stock
[F4]2026-04-16+360→ 22,914 total - Exercise/Conversion
Common Stock
[F5]2026-04-17+2,813→ 25,727 total - Exercise/Conversion
Common Stock
[F6]2026-04-17+1,125→ 26,852 total - Exercise/Conversion
Common Stock
[F7]2026-04-17+2,531→ 29,383 total - Exercise/Conversion
Common Stock
[F8]2026-04-17+937→ 30,320 total - Exercise/Conversion
Renewable Performance Based Restricted Stock Units
[F1]2026-04-16−1,000→ 10,000 totalExercise: $0.00→ Common Stock (1,000 underlying) - Exercise/Conversion
Renewable Performance Based Restricted Stock Units
[F2]2026-04-16−500→ 9,500 totalExercise: $0.00→ Common Stock (500 underlying) - Exercise/Conversion
Time Based Restricted Stock Units
[F3]2026-04-16−1,333→ 5,231 totalExercise: $0.00→ Common Stock (1,333 underlying) - Exercise/Conversion
Time Based Restricted Stock Units
[F4]2026-04-16−667→ 4,564 totalExercise: $0.00→ Common Stock (667 underlying) - Exercise/Conversion
Earnings Per Share Performance Based Restricted Stock Units
[F5]2026-04-17−2,500→ 7,618 totalExercise: $0.00→ Common Stock (2,500 underlying) - Exercise/Conversion
Performance Based Restricted Stock Units
[F6]2026-04-17−1,000→ 1,670 totalExercise: $0.00→ Common Stock (1,000 underlying) - Exercise/Conversion
Renewable Performance Based Restricted Stock Units
[F7]2026-04-17−4,500→ 5,000 totalExercise: $0.00→ Common Stock (4,500 underlying) - Exercise/Conversion
Time Based Restricted Stock Units
[F8]2026-04-17−1,666→ 2,898 totalExercise: $0.00→ Common Stock (1,666 underlying)
Footnotes (8)
- [F1]Pursuant to the one-year performance period vesting schedule of the Renewable Performance-Based Restricted Stock Units ("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, 2026 and is adjusted for dividends.
- [F2]Pursuant to the one-year performance period vesting schedule of the RRSUs awarded to the Reporting Person on April 16, 2025, 500 shares of the Issuer's common stock became issuable to the Reporting Person on April 16, 2026 and is adjusted for dividends.
- [F3]Pursuant to the three-year vesting schedule of the Time-Based Restricted Stock Units ("TRSUs") awarded to the Reporting Person on April 16, 2024, 1,333 shares of the Issuer's common stock became issuable to the Reporting Person on April 16, 2026 and is adjusted for dividends.
- [F4]Pursuant to the three-year vesting schedule of the TRSUs awarded to the Reporting Person on April 16, 2025, 667 shares of the Issuer's common stock became issuable to the Reporting Person on April 16, 2026 is adjusted for dividends.
- [F5]Pursuant to three-year performance period vesting schedule of the Earnings Per Share Performance-Based Restricted Stock Units ("ERSUs") awarded to the Reporting Person on April 17, 2023, 5,000 shares of the Issuer's common stock became issuable to the Reporting Person on April 17, 2026 and is adjusted for dividends. The target number of shares was 2,500.
- [F6]Pursuant to three-year performance period vesting schedule of the Performance Based Restricted Stock Units ("PRSUs") awarded to the Reporting Person on April 17, 2023, 2,000 shares of the Issuer's common stock became issuable to the Reporting Person on April 17, 2026 and is adjusted for dividends. The target number of shares was 1,000.
- [F7]Pursuant to the one-year performance period vesting schedule of the RRSUs awarded to the Reporting Person on April 17, 2023, 4,500 shares of the Issuer's common stock became issuable to the Reporting Person on April 17, 2026 and is adjusted for dividends.
- [F8]Pursuant to the three-year vesting schedule of the TRSUs awarded to the Reporting Person on April 17, 2023, 1,666 shares of the Issuer's common stock became issuable to the Reporting Person on April 17, 2026 and is adjusted for dividends.