Baugher Joshua Scott 4
4 · ARGAN INC · Filed Apr 10, 2026
Research Summary
AI-generated summary of this filing
ARGAN (AGX) CFO Joshua Baugher Receives Equity Awards
What Happened
- Joshua Scott Baugher, Chief Financial Officer of ARGAN, was the recipient of multiple equity awards reported on 2026-04-08: a 10‑year option for 208 shares (exercise price $588.28), 126 time‑based restricted stock units (TRSUs), 142 performance‑based RSUs (PRSUs), and 1,670 EPS performance RSUs (EPSRSUs). The filing shows these as awards (code A) with a reported acquisition price of $0.00 (typical for grants).
Key Details
- Transaction date: April 8, 2026 (filed April 10, 2026).
- Option: 208‑share option, exercise price $588.28/share; vests ratably over three years starting 4/8/2027; 10‑year term (F1).
- TRSUs: 126 shares, vest in equal installments on each of the next three anniversaries beginning 4/8/2027 (F2).
- PRSUs: 142 target shares; payout 0%–200% based on ARGAN’s three‑year Total Stock Return ranking vs. 12 peers; final payout determined at end of the performance period (F3).
- EPSRSUs: 1,670 target shares (per footnote F4, originally granted April 8, 2025); payout 0%–200% based on cumulative EPS performance over a three‑year period (F4).
- Total target shares across awards: 2,146 (208 + 126 + 142 + 1,670).
- Shares owned after transaction: not disclosed in the Form 4 provided.
- Filing timeliness: Filed two days after the transactions (April 10 for April 8 transactions); the filing does not indicate a late report.
Context
- These are grants, not open‑market purchases or sales — they do not represent immediate buying or selling of stock by the insider. The option grant gives the right to buy shares at $588.28 subject to vesting; the TRSUs are time‑based RSUs and the PRSUs/EPSRSUs are performance‑based and may pay out between 0% and 200% of target depending on performance at the end of the respective performance periods. Such awards are compensation, commonly used to align executives with long‑term company performance.
Insider Transaction Report
Form 4
ARGAN INCAGX
Baugher Joshua Scott
Chief Financial Officer
Transactions
- Award
Option to Purchase Common Stock
[F1]2026-04-08+208→ 2,708 totalExercise: $588.28From: 2027-04-08Exp: 2036-04-08→ Common Stock (208 underlying) - Award
Time-Based Restricted Stock Units
[F2]2026-04-08+126→ 4,710 totalExercise: $0.00→ Common Stock (126 underlying) - Award
Performance-Based Restricted Stock Units
[F3]2026-04-08+142→ 1,642 totalExercise: $0.00→ Common Stock (142 underlying) - Award
Earnings Per Share Performance-Based Restricted Stock Units
[F4]2026-04-08+1,670→ 5,420 totalExercise: $0.00→ Common Stock (1,670 underlying)
Footnotes (4)
- [F1]On April 8, 2026, the Reporting Person was granted a 10-year option to purchase 208 shares of the Issuer's common stock at an exercise price of $588.28 per share. The options will vest ratably over three years on each anniversary of the grant date starting on 4/8/2027.
- [F2]On April 8, 2026, the Reporting Person was granted TRSUs covering 126 shares of common stock. The TRSUs will vest in equal installments on each of the next three anniversaries of the grant date starting on 4/8/2027.
- [F3]On April 8, 2026, the Reporting Person was granted Performance-Based Restricted Stock Units ("PRSUs") in the target number of 142 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 2026 Proxy Statement. Each PRSU represents a contingent right to receive one share of the Issuer's common stock. The payout ratio of the target number of 142 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.
- [F4]On April 8, 2025, the Reporting Person was granted Earnings Per Share Performance-Based Restricted Stock Units ("EPSRSUs") in the target number of 1,670 shares, the vesting of which is subject to the sum of Earnings Per Share ("EPS") for fiscal years ending January 31, 2027, 2028 and 2029 compared to target compounded growth EPS amounts based on the sum of EPS for the fiscal years ended January 31, 2024, 2025 and 2026. The pay-out ratio of the target number of 1,670 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.
Signature
/s/ Joshua S. Baugher|2026-04-10