Form 4: Argan Inc. Director Exercises Stock Options
SEC Form 4
Cynthia Flanders, a director at Argan Inc., exercised stock options to purchase 10,000 shares of common stock at $31.82 per share on June 17, 2024.
Summary
- On June 17, 2024, Cynthia Flanders, a director of Argan Inc., exercised stock options to purchase 10,000 shares of the company's common stock.
- The exercise price was $31.82 per share.
- The options were awarded on December 11, 2014, and the transaction was executed using the net settle method.
- Following the transaction, Flanders directly owns 22,332 shares of common stock and 71,500 derivative securities.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard insider transaction disclosure and doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This filing is a routine disclosure of insider transactions, which are common and expected. It provides transparency into the actions of company directors.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine exercise of stock options by a director.
Key Dates
| Date | Description |
|---|---|
| 12/11/2014 | Date the stock options were awarded to Cynthia Flanders |
| 12/11/2015 | Date the stock options were exercisable |
| 06/17/2024 | Date of the stock option exercise |
| 12/11/2024 | Expiration date of the stock options |
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