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