Form 4: Argan Inc. Director William F. Griffin Jr. Reports Changes in Beneficial Ownership
SEC Form 4
William F. Griffin Jr., a director at Argan Inc., filed a Form 4 detailing transactions involving common stock and Time-Based Restricted Stock Units.
Summary
- On April 18, 2025, William F. Griffin Jr. acquired 3,371 shares of Argan Inc. common stock and disposed of 4,166 Time-Based Restricted Stock Units (TRSUs) as part of a vesting schedule.
- These transactions occurred pursuant to the three-year vesting schedule of a TRSU awarded on April 18, 2022.
- On May 9, 2025, Mr. Griffin transferred 25,000 shares from the William F. Griffin 2025 GRAT Trust to the William F Griffin Jr Revocable Trust.
- On May 13, 2025, Mr. Griffin transferred another 25,000 shares from the William F. Griffin 2025 GRAT Trust to the William F Griffin Jr Revocable Trust.
- Following these transactions, Mr. Griffin directly owns no shares and indirectly owns 105,000 shares through the William F. Griffin 2025 GRAT Trust and 55,975 shares through the William F Griffin Jr Revocable Trust U/A DTD FBO 12/09/04.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard part of regulatory compliance for publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership structure, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 12/09/04 | Date of William F Griffin Jr Revocable Trust U/A DTD FBO |
| 04/18/2022 | Date Time-Based Restricted Stock Unit ('TRSU') awarded to the Reporting Person |
| 04/18/2025 | 4,166 shares of Common Stock became issuable to the Reporting Person pursuant to the three-year vesting schedule of the Time-Based Restricted Stock Unit ('TRSU') |
| 05/09/2025 | Reporting Person transferred 25,000 shares from the William F. Griffin 2025 GRAT Trust to the William F Griffin Jr Revocable Trust |
| 05/13/2025 | Reporting Person transferred 25,000 shares from the William F. Griffin 2025 GRAT Trust to the William F Griffin Jr Revocable Trust |
Keywords
Argan Inc, William F. Griffin Jr, Form 4, Beneficial Ownership, Common Stock, Restricted Stock Units, Grat Trust, Revocable Trust, Director
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