ARGAN INC - Form 4 Filing

William F. Griffin Jr., Non-Executive Chairman and Director at ARGAN INC, was granted 3,339 Performance-Based Restricted Stock Units (PSRsUs) on April 8, 2026. The vesting of these units is contingent upon achieving specific Earnings Per Share (EPS) growth targets over fiscal years 2027, 2028, and 2029, compared to the baseline EPS from fiscal years 2024, 2025, and 2026. The payout ratio for these PSRSUs can range from 0% to 200% of the target number of shares, depending on the degree of EPS ranking achieved at the end of the three-year performance period. The transaction is reported under Form 4, with a post-transaction share ownership of 3,339 units.