ARGAN director reports TRSU vesting and new grant
Leimkuhler William F. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Leimkuhler William F. reported acquisition or exercise transactions in this Form 4 filing.
ARGAN INC director William F. Leimkuhler reported routine equity compensation activity. On June 10, 2026, 530 Time-Based Restricted Stock Units (TRSUs) vested into common shares under a one-year schedule from a June 17, 2025 award, and he was granted a new award of 189 TRSUs that will fully vest on June 10, 2027 or at the 2027 Annual Meeting of Stockholders, whichever comes first. Following these transactions, he directly holds 37,028 shares of common stock, 1,023 TRSUs, and indirectly holds 500 shares in each of two trusts for which he serves as trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
530 shares exercised/converted
Exercise
5 txns
Insider
Leimkuhler William F.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Time-Based Restricted Stock Units | 530 | $0.00 | $0.00 |
| Grant/Award | Time-Based Restricted Stock Units | 189 | $0.00 | $0.00 |
| Exercise | Common Stock | 533 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Time-Based Restricted Stock Units — 1,023 contracts (Direct);
Common Stock — 37,028 shares (Direct);
Common Stock — 500 shares (Indirect, Self as Trustee for Elizabeth K Leimkuhler Trust);
Common Stock — 500 shares (Indirect, Self as Trustee for Emily K Leimkuhler Trust)
Footnotes (2)
- F1. Pursuant to the one-year vesting schedule of the Time-Based Restricted Stock Units ("TRSUs") awarded to the Reporting Person on June 17, 2025, 530 shares of the Issuer's common stock became issuable to the Reporting Person on June 10, 2026 and is adjusted for dividends.
- F2. On June 10, 2026 the Reporting Person was granted TRSUs covering 189 shares of the Issuer's common stock. The TRSUs will vest fully on June 10, 2027 or on the date of the 2027 Annual Meeting of Stockholders, whichever comes first.
Key Figures
TRSUs vested: 530 shares
New TRSU grant: 189 units
Common shares held: 37,028 shares
+4 more
7 metrics
TRSUs vested
530 shares
Time-Based Restricted Stock Units vested into common stock on June 10, 2026
New TRSU grant
189 units
Time-Based Restricted Stock Units granted on June 10, 2026
Common shares held
37,028 shares
Direct ARGAN INC common stock holdings after transactions
TRSUs outstanding
1,023 units
Time-Based Restricted Stock Units held after grant and vesting
Trust holdings (Emily trust)
500 shares
Indirect common stock held as trustee for Emily K Leimkuhler Trust
Trust holdings (Elizabeth trust)
500 shares
Indirect common stock held as trustee for Elizabeth K Leimkuhler Trust
Exercise price
$0.00 per unit
Stated price for TRSU-related derivative exercise and grant
Key Terms
Time-Based Restricted Stock Units, vest fully, Annual Meeting of Stockholders, derivative exercise/conversion, +1 more
5 terms
Time-Based Restricted Stock Units financial
"Pursuant to the one-year vesting schedule of the Time-Based Restricted Stock Units ("TRSUs") awarded to the Reporting Person"
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.
vest fully financial
"The TRSUs will vest fully on June 10, 2027 or on the date of the 2027 Annual Meeting of Stockholders"
Annual Meeting of Stockholders financial
"vest fully on June 10, 2027 or on the date of the 2027 Annual Meeting of Stockholders"
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion"
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did AGX director William F. Leimkuhler report on June 10, 2026?
He reported equity compensation activity, including vesting of 530 Time-Based Restricted Stock Units into common shares and a new grant of 189 TRSUs. These are routine compensation-related acquisitions, not open-market purchases or sales of ARGAN INC common stock.
What are Time-Based Restricted Stock Units (TRSUs) reported for AGX on this Form 4?
Time-Based Restricted Stock Units are equity awards that convert into common shares when vesting conditions based on time are met. In this filing, 530 TRSUs vested into ARGAN INC common shares and a new award of 189 TRSUs was granted to William F. Leimkuhler.
When will the newly granted 189 TRSUs for AGX vest for William F. Leimkuhler?
The 189 newly granted Time-Based Restricted Stock Units will vest fully on June 10, 2027, or on the date of ARGAN INC’s 2027 Annual Meeting of Stockholders, whichever occurs first, as disclosed in the Form 4 footnote for this award.
Does this AGX Form 4 show any open-market buying or selling by William F. Leimkuhler?
No open-market buying or selling is indicated. The transactions involve a derivative exercise of previously awarded TRSUs and a new TRSU grant, both at a stated price of $0.00 per unit, reflecting stock-based compensation rather than market trades.
What indirect holdings in ARGAN INC stock does William F. Leimkuhler report?
He reports indirect ownership of 500 ARGAN INC common shares in a trust for Emily K. Leimkuhler and 500 shares in a trust for Elizabeth K. Leimkuhler, with his role noted as self as trustee for each trust in the ownership description.
AI-generated analysis. How Rhea-AI works. Not financial advice.
