Argan executive exercises 13,166 stock units
ARGAN INC executive Charles Edwin Collins IV, CEO of Gemma, reported multiple equity award vestings and option exercises that increased his direct holdings.
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Form Type
4
Rhea-AI Filing Summary
ARGAN INC executive Charles Edwin Collins IV, CEO of Gemma, reported multiple equity award vestings and option exercises that increased his direct holdings. On April 16–17, 2026, he exercised derivative awards to acquire a total of 13,166 shares of common stock, all coded as option or unit exercises rather than open-market purchases or sales.
Following these transactions, he directly owned 30,320 shares of common stock. Footnotes explain that the vested awards include Renewable Performance-Based Restricted Stock Units, Time-Based Restricted Stock Units, Earnings Per Share Performance-Based Restricted Stock Units, and other performance-based units granted in prior years, which became issuable in 2026 under their one- and three-year vesting schedules.
Insider Trade Summary
13,166 shares exercised/converted
Exercise
16 txns
Insider
Collins Charles Edwin IV
Role
CHIEF EXECUTIVE OFFICER, GEMMA
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Earnings Per Share Performance Based Restricted Stock Units | 2,500 | $0.00 | $0.00 |
| Exercise | Performance Based Restricted Stock Units | 1,000 | $0.00 | $0.00 |
| Exercise | Renewable Performance Based Restricted Stock Units | 4,500 | $0.00 | $0.00 |
| Exercise | Time Based Restricted Stock Units | 1,666 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,813 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,125 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,531 | $0.00 | $0.00 |
| Exercise | Common Stock | 937 | $0.00 | $0.00 |
| Exercise | Renewable Performance Based Restricted Stock Units | 1,000 | $0.00 | $0.00 |
| Exercise | Renewable Performance Based Restricted Stock Units | 500 | $0.00 | $0.00 |
| Exercise | Time Based Restricted Stock Units | 1,333 | $0.00 | $0.00 |
| Exercise | Time Based Restricted Stock Units | 667 | $0.00 | $0.00 |
| Exercise | Common Stock | 548 | $0.00 | $0.00 |
| Exercise | Common Stock | 270 | $0.00 | $0.00 |
| Exercise | Common Stock | 730 | $0.00 | $0.00 |
| Exercise | Common Stock | 360 | $0.00 | $0.00 |
Holdings After Transaction:
Earnings Per Share Performance Based Restricted Stock Units — 7,618 contracts (Direct);
Performance Based Restricted Stock Units — 1,670 contracts (Direct);
Renewable Performance Based Restricted Stock Units — 5,000 contracts (Direct);
Time Based Restricted Stock Units — 2,898 contracts (Direct);
Common Stock — 30,320 shares (Direct)
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.
Key Figures
Shares acquired via derivative exercises: 13,166 shares
Post-transaction common stock holdings: 30,320 shares
ERSU shares vested: 5,000 shares
+4 more
7 metrics
Shares acquired via derivative exercises
13,166 shares
ExerciseShares from equity award exercises through April 17, 2026
Post-transaction common stock holdings
30,320 shares
Direct common shares held after April 17, 2026 transactions
ERSU shares vested
5,000 shares
Earnings Per Share Performance-Based RSUs vested April 17, 2026; target 2,500
ERSU target shares
2,500 shares
Target for Earnings Per Share Performance-Based RSUs granted April 17, 2023
PRSU shares vested
2,000 shares
Performance Based Restricted Stock Units vested April 17, 2026; target 1,000
RRSU shares vested (2023 grant)
4,500 shares
Renewable Performance-Based RSUs from April 17, 2023 grant vested April 17, 2026
TRSU shares vested (2023 grant)
1,666 shares
Time-Based RSUs from April 17, 2023 grant vested April 17, 2026
Key Terms
Renewable Performance-Based Restricted Stock Units, Time-Based Restricted Stock Units, Earnings Per Share Performance-Based Restricted Stock Units, Performance Based Restricted Stock Units
4 terms
Renewable Performance-Based Restricted Stock Units financial
"Pursuant to the one-year performance period vesting schedule of the Renewable Performance-Based Restricted Stock Units ("RRSUs") awarded..."
Time-Based Restricted Stock Units financial
"Pursuant to the three-year vesting schedule of the Time-Based Restricted Stock Units ("TRSUs") awarded..."
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
Performance Based Restricted Stock Units financial
"Pursuant to three-year performance period vesting schedule of the Performance Based Restricted Stock Units ("PRSUs") awarded..."
Performance-based restricted stock units are a form of employee pay where shares are promised but only delivered if the company meets specific performance targets over time. Like a trophy awarded to a team after hitting certain goals, they align employee incentives with business results and can affect future share counts and earnings—so investors watch them for signals about management’s motivation, potential dilution, and the likelihood of meeting growth or profit targets.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did AGX executive Charles Edwin Collins IV report?
He reported exercising equity awards to acquire common shares. On April 16–17, 2026, Collins exercised multiple restricted stock unit and performance-based unit awards, resulting in the acquisition of 13,166 Argan common shares as part of his equity compensation, with no open-market buys or sales disclosed.
What types of equity awards vested for AGX’s Gemma CEO in this filing?
Time-based and performance-based restricted stock units vested. The awards include Time-Based Restricted Stock Units, Renewable Performance-Based Restricted Stock Units, Earnings Per Share Performance-Based Restricted Stock Units, and other performance-based RSUs that became issuable under one- and three-year vesting schedules in April 2026.
Did the AGX Form 4 show any open-market buying or selling by Collins?
No open-market purchases or sales are reported. All transactions are coded “M” for derivative exercises or conversions, indicating vesting and settlement of restricted stock and performance units, rather than discretionary market trades at prevailing share prices.
Which grant years are referenced in the AGX executive’s vested awards?
Awards granted in 2023, 2024, and 2025 are referenced. Footnotes describe Renewable Performance-Based, Time-Based, Earnings Per Share Performance-Based, and other performance RSUs granted on April 17, 2023, April 16, 2024, and April 16, 2025 that became issuable in April 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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