Argan (AGX) CEO Collins Charles IV Receives Restricted Stock Award

What Happened
Collins Charles Edwin IV, CEO of Argan Inc. (AGX), received a grant of 3,506 Time‑Based Restricted Stock Units (TRSUs) on September 9, 2026. The award was recorded at $0.00 per share (a compensation grant, not a purchase), and the TRSUs will vest in full on September 9, 2029. This is a compensation award rather than an open‑market purchase or sale.

Key Details

• Transaction date: September 9, 2026 (Form 4 filed September 11, 2026).
• Grant: 3,506 TRSUs; acquisition code A (award/grant); reported price $0.00.
• Vesting: 100% vest on September 9, 2029 (three‑year time‑based vest).
• Shares owned after transaction: not disclosed in this filing.
• Footnote: Confirms the grant is time‑based and fully vests on 9/9/2029.
• Timeliness: Filing appears timely (filed two days after the grant).

Context
TRSUs are a form of deferred compensation that convert into shares only after vesting; they do not represent immediate market purchases or sales and thus are not a direct short‑term signal of trading intent. Such grants are common executive compensation for retention and alignment with shareholder interests.