0001104659-21-052573.txt : 20210420
0001104659-21-052573.hdr.sgml : 20210420
20210420164141
ACCESSION NUMBER: 0001104659-21-052573
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210416
FILED AS OF DATE: 20210420
DATE AS OF CHANGE: 20210420
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: trebilcock Terrance Colin
CENTRAL INDEX KEY: 0001791304
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-31756
FILM NUMBER: 21838377
MAIL ADDRESS:
STREET 1: 64 SADDLE RIDGE ROAD
CITY: GLASTONBURY
STATE: CT
ZIP: 06033
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ARGAN INC
CENTRAL INDEX KEY: 0000100591
STANDARD INDUSTRIAL CLASSIFICATION: CONSTRUCTION SPECIAL TRADE CONTRACTORS [1700]
IRS NUMBER: 131947195
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0131
BUSINESS ADDRESS:
STREET 1: ONE CHURCH STREET SUITE 201
CITY: ROCKVILLE
STATE: MD
ZIP: 20850
BUSINESS PHONE: 301 315-0027
MAIL ADDRESS:
STREET 1: ONE CHURCH STREET SUITE 201
CITY: ROCKVILLE
STATE: MD
ZIP: 20850
FORMER COMPANY:
FORMER CONFORMED NAME: PUROFLOW INC
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: ULTRA DYNAMICS CORP
DATE OF NAME CHANGE: 19830522
4
1
tm2113525-3_4seq1.xml
OWNERSHIP DOCUMENT
X0306
4
2021-04-16
0
0000100591
ARGAN INC
AGX
0001791304
trebilcock Terrance Colin
64 SADDLE RIDGE ROAD
GLASTONBURY
CT
06033
0
1
0
0
Co-President, Gemma Power Sys
Performance Based Restricted Stock Units
0.0
2021-04-16
4
A
0
1000
0.00
A
Common Stock
1000
1000
D
Renewable Performance Based Restricted Stock Units
0.00
2021-04-16
4
A
0
5000
0.00
A
Common Stock
5000
5000
D
Time Based Restricted Stock Units
0.00
2021-04-16
4
A
0
5000
0.00
A
Common Stock
5000
5000
D
On April 16, 2021, the Reporting Person was granted Performance-Based Restricted Stock Units (the "PBRSUs") in the target number of 1,000 shares (the "Target"), the vesting of which is subject to the rank of the Total Stock Return ("TSR") of the Issuer's common stock over a three-year period, as determined by the Issuer's Board of Directors, to the comparable TSRs of 12 peer public companies to be disclosed in the Issuer's 2021 Proxy Statement. Each PBRSU represents a contingent right to receive one share of the Issuer's common stock. The payout ratio of the Target, ranging from 0% to 200%, will depend on the degree of achievement of the TSR ranking. The determination of the number of shares of common stock to be issued shall occur at the end of the three-year performance period.
On April 16, 2021, the Reporting Person was granted Renewable Performance-Based Restricted Stock Units (the "RRSUs") in the target number of 5,000 shares, the vesting of which is subject to Gemma Power Systems, LLC and its affiliates obtaining new renewable energy projects with an aggregate contract value exceeding certain identified hurdle amounts for each of the performance periods. The four performance periods cover three consecutive one-year periods each with a target number of 1,000 shares and a cumulative total at the end of the three-year performance period with a target number of 2,000 shares. The awards will be more fully described in the Issuer's 2021 Proxy Statement. Each RRSU represents a contingent right to receive one share of the Issuer's common stock.
On April 16, 2021, the Reporting Person was granted Time-Based Restricted Stock Units (the "TBRSUs") covering 5,000 shares of common stock. The TBRSUs will vest in equal installments on each of the next three anniversaries of the grant date starting on 04/16/2022.
/s/ Colin Trebilcock
2021-04-20