Argan Inc CEO Charles Collins IV Receives Equity Compensation Awards

This Form 4 filing reports that Charles E. Collins IV, Chief Executive Officer of Gemma (a division of Argan Inc), received significant equity compensation awards on April 8, 2026. The awards include: 332 stock options with an exercise price of $588.28 per share, vesting ratably over three years; 231 time-based restricted stock units (TRSUs) vesting in equal installments over three years; 170 performance-based restricted stock units (PRSUs) tied to total stock return ranking against peer companies; and 2,618 earnings per share performance-based restricted stock units (EPSRSUs) tied to EPS growth targets over three fiscal years. The performance-based awards have payout ratios ranging from 0% to 200% depending on achievement levels. Following these awards, Collins holds 15,067 stock options, 6,564 TRSUs, 2,670 PRSUs, and 10,118 EPSRSUs. The awards represent standard executive compensation tied to both time-based vesting and performance metrics.