Argan Inc CEO David Watson Receives Equity Awards Including Options and Performance-Based RSUs

On April 8, 2026, David H. Watson, President and CEO of Argan Inc (AGX), received significant equity compensation awards. The awards include 415 stock options with a 10-year term and exercise price of $588.28 per share, vesting ratably over three years. Additionally, Watson received 251 time-based restricted stock units (TRSUs) vesting over three years, 284 performance-based restricted stock units (PRSUs) tied to total stock return ranking against peer companies, and 3,339 earnings per share performance-based RSUs (EPSRSUs) linked to EPS growth targets over fiscal years 2027-2029. The performance-based awards have payout ratios ranging from 0% to 200% depending on achievement levels. Following these transactions, Watson holds 6,081 options, 14,918 TRSUs, 12,284 PRSUs, and 28,839 EPSRSUs. These awards represent standard executive compensation tied to both time-based vesting and performance metrics aligned with shareholder interests.