Form 4: Argan Inc. Director James W. Quinn Reports Stock Transactions
SEC Form 4 Filing
Director James W. Quinn of Argan Inc. reports the vesting of restricted stock units and the acquisition of common stock on December 14, 2024.
Summary
- James W. Quinn, a director at Argan Inc., reported transactions involving the company's stock.
- On December 14, 2024, 1,757 shares of common stock were acquired due to the vesting of time-based restricted stock units (TRSUs) awarded in 2021.
- An additional 835 shares were acquired on the same day from the vesting of TRSUs awarded in 2023.
- These vested shares were acquired at a price of $0.
- On December 12, 2024, Quinn was granted 388 new TRSUs that will vest on June 10, 2025.
- Following these transactions, Quinn directly owns 63,014 shares of Argan Inc. common stock and 3,805 time-based restricted stock units.
Sentiment
Score: 7
Explanation: The document reflects routine insider transactions related to stock vesting, which is generally a neutral to slightly positive event. The director's increased holdings suggest confidence in the company.
Positives
- The vesting of restricted stock units indicates that performance milestones or time-based conditions have been met.
- The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.
Future Outlook
The document does not contain any forward-looking statements or guidance.
Industry Context
This is a standard SEC Form 4 filing, which is a routine disclosure for company insiders. It does not indicate any specific industry trends or competitive actions.
Comparison to Industry Standards
- SEC Form 4 filings are a standard practice for publicly traded companies in the United States.
- The vesting of restricted stock units is a common form of compensation for executives and directors in many industries.
- The specific vesting schedules and amounts are unique to Argan Inc. and its compensation policies.
Stakeholder Impact
- The vesting of stock units may have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 12/12/2024 | James W. Quinn was granted 388 Time-Based Restricted Stock Units. |
| 12/14/2021 | Date of original grant of Time-Based Restricted Stock Units that vested on 12/14/2024. |
| 12/14/2023 | Date of original grant of Time-Based Restricted Stock Units that vested on 12/14/2024. |
| 12/14/2024 | Vesting date of 1,757 shares from 2021 TRSUs and 835 shares from 2023 TRSUs. |
| 06/10/2025 | Vesting date for the 388 Time-Based Restricted Stock Units granted on 12/12/2024. |
| 12/16/2024 | Date of signature of the SEC Form 4 filing. |
Keywords
Argan Inc, AGX, James W. Quinn, Director, Stock Transactions, Restricted Stock Units, Vesting, Common Stock, SEC Form 4
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