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ARGAN INC·4

Apr 20, 5:00 PM ET

Collins Charles Edwin IV 4

Research Summary

AI-generated summary

Updated

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.