trebilcock Terrance Colin 4
4 · ARGAN INC · Filed Apr 19, 2022
Insider Transaction Report
Form 4
ARGAN INCAGX
trebilcock Terrance Colin
Co-President, Gemma Power Sys.
Transactions
- Exercise/Conversion
Common Stock
2022-04-16+1,705→ 1,705 total - Exercise/Conversion
Time-Based Restricted Stock Unit
2022-04-16−1,705→ 3,334 totalExercise: $0.00→ Common Stock (1,705 underlying)
Footnotes (2)
- [F1]On April 16, 2022, the Reporting Person had Time-Based Restricted Stock Units (the "TBRSUs") vest in the amount of 1,705 shares of the Issuer's Common Stock. This issuance is pursuant to the three year vesting schedule of the 5,000 TBRSU award that was granted on April 16, 2021 and is adjusted for cash dividends.
- [F2]As of the date of this filing, the remaining number of TBRSUs beneficially owned by the Reporting Person includes 3,334 shares of TBRSUs granted on April 12, 2021. The shares vest according to the three year vesting schedule mentioned in footnote 1 above.