Argan Board Member's Stock Awards Signal Long-term Executive Retention Plan

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Karen Sweeney, Director at Argan (AGX), reported multiple transactions involving Time-Based Restricted Stock Units (TRSUs):

On June 20, 2025, 1,300 TRSUs vested and were converted to common stock (adjusted for dividends, resulting in 1,315 shares) following a one-year vesting schedule from the June 2024 award
On June 17, 2025, received a new grant of 530 TRSUs, scheduled to vest fully on April 17, 2026

Following these transactions, Sweeney directly owns 1,705 shares of common stock and 530 unvested TRSUs. All transactions were executed at $0 exercise price, consistent with typical TRSU arrangements. These equity awards are part of the company's director compensation program.

Insider Trade Summary

1,300 shares exercised/converted

Mixed 3 txns

Insider Sweeney Karen

Role Director

Type	Security	Shares	Price	Value
Exercise	Time-Based Restricted Stock Unit	1,300	$0.00	--
Exercise	Common Stock	1,315	$0.00	--
Grant/Award	Time-Based Restricted Stock Unit	530	$0.00	--

Holdings After Transaction: Time-Based Restricted Stock Unit — 530 shares (Direct); Common Stock — 1,705 shares (Direct)

Footnotes (1)

Pursuant to the one-year vesting schedule of the Time-Based Restricted Stock Unit ("TRSU") awarded to the Reporting Person on June 20, 2024, 1,300 shares of Common Stock became issuable to the Reporting Person on June 20, 2025 and is adjusted for dividends. On June 17, 2025, the Reporting Person was granted Time-Based Restricted Stock Units ("TRSUs") covering 530 shares of the Issuer's common stock. The TRSUs will vest fully on April 17, 2026.

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Form 4 Insider Transactions: What Each Field Means →

06/20/2025 - 04:15 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sweeney Karen

(Last)

(First)

(Middle)

22550 CALVERTON ROAD

(Street)

SHAKER HEIGHTS

44122

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
ARGAN INC [ AGX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/20/2025		M		1,315⁽¹⁾	A	$0	1,705	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Time-Based Restricted Stock Unit	$0	06/17/2025		A		530		⁽²⁾	⁽²⁾	Common Stock	530	$0	1,830	D
Time-Based Restricted Stock Unit	$0	06/20/2025		M			1,300	⁽¹⁾	⁽¹⁾	Common Stock	1,300	$0	530	D

Explanation of Responses:

1. Pursuant to the one-year vesting schedule of the Time-Based Restricted Stock Unit ("TRSU") awarded to the Reporting Person on June 20, 2024, 1,300 shares of Common Stock became issuable to the Reporting Person on June 20, 2025 and is adjusted for dividends.

2. On June 17, 2025, the Reporting Person was granted Time-Based Restricted Stock Units ("TRSUs") covering 530 shares of the Issuer's common stock. The TRSUs will vest fully on April 17, 2026.

	/s/ Karen A. Sweeney	06/20/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

How many AGX restricted stock units (RSUs) did Karen Sweeney receive on June 17, 2025?

Karen Sweeney received 530 Time-Based Restricted Stock Units (TRSUs) of AGX on June 17, 2025. These TRSUs will fully vest on April 17, 2026.

When did Karen Sweeney's 2024 AGX restricted stock units vest?

Karen Sweeney's TRSUs from June 20, 2024 vested on June 20, 2025, resulting in 1,300 shares of AGX common stock being issued (adjusted for dividends).

How many AGX shares does Karen Sweeney own directly after the June 2025 transactions?

Following the reported transactions, Karen Sweeney directly owns 1,705 shares of AGX common stock and 530 unvested Time-Based Restricted Stock Units.

What is Karen Sweeney's role at AGX according to the Form 4?

According to the Form 4 filing, Karen Sweeney serves as a Director of Argan, Inc. (AGX), as indicated by the 'X' marked in the Director box under the Relationship of Reporting Person(s) to Issuer section.