Form 4: Argan Inc. Director Exercises Stock Options
SEC Form 4 Filing
John R. Jeffrey, Jr., a director at Argan Inc., exercised stock options to purchase 10,000 shares of common stock at $41.19 per share on December 20, 2024.
Summary
- On December 20, 2024, John R. Jeffrey, Jr., a director of Argan Inc., exercised stock options.
- He purchased 10,000 shares of Argan Inc.'s common stock at a price of $41.19 per share.
- The stock options were awarded to him on December 12, 2018.
- The exercise was conducted using the net settle method.
- Following the transaction, Jeffrey directly owns 14,254 shares and indirectly owns 8,000 shares through an IRA.
- He also directly owns options to purchase 31,500 shares.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of an insider transaction.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a relatively small number of shares.
Key Dates
| Date | Description |
|---|---|
| 12/12/2018 | Date the stock options were awarded to John R. Jeffrey, Jr. |
| 12/12/2019 | Date the options became exercisable. |
| 12/20/2024 | Date of the stock option exercise. |
| 12/23/2024 | Date of signature on the Form 4 filing. |
| 12/12/2028 | Expiration date of the options. |
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