Form 4: Argan Inc. Director Getsinger Exercises Options, Sells Shares on Open Market
SEC Form 4
Director Peter W. Getsinger exercised stock options and sold shares of Argan Inc. common stock in a series of transactions in January 2025.
Summary
- On January 10, 2025, Peter W. Getsinger, a director of Argan Inc., exercised stock options to purchase 10,000 shares of Argan Inc. common stock at $41.19 per share using the net settle method.
- Also on January 10, 2025, Getsinger sold 800 shares of Argan Inc. common stock on the open market at an average price of $155.24 per share.
- On January 14, 2025, Getsinger sold an additional 7,385 shares of Argan Inc. common stock on the open market at an average price of $165.29 per share.
- Following these transactions, Getsinger directly owns 11,792 shares of Argan Inc. common stock.
- Getsinger also indirectly owns 133 shares held in a custody account for a child and 267 shares held in a children's trust.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports transactions. It doesn't indicate positive or negative performance for the company.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a director.
Key Dates
| Date | Description |
|---|---|
| 12/12/2018 | Date stock option was awarded |
| 12/12/2019 | Date stock option was exercisable |
| 01/10/2025 | Director exercised stock options and sold shares |
| 01/14/2025 | Director sold shares |
| 12/12/2028 | Expiration date of stock option |
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