Argan Management

Management criteria checks 3/4

Argan's CEO is David Watson, appointed in Aug 2022, has a tenure of 2.25 years. total yearly compensation is $1.87M, comprised of 21.4% salary and 78.6% bonuses, including company stock and options. directly owns 0.36% of the company’s shares, worth $7.26M. The average tenure of the management team and the board of directors is 2.3 years and 12.6 years respectively.

Key information

David Watson

Chief executive officer

US$1.9m

Total compensation

CEO salary percentage	21.4%
CEO tenure	2.3yrs
CEO ownership	0.4%
Management average tenure	2.3yrs
Board average tenure	12.6yrs

Recent management updates

Recent updates

An Intrinsic Calculation For Argan, Inc. (NYSE:AGX) Suggests It's 45% Undervalued

Jun 10

After Leaping 25% Argan, Inc. (NYSE:AGX) Shares Are Not Flying Under The Radar

Apr 17

Argan: Quality Business, Uncorrelated Returns, And Belongs In An All-Weather Portfolio

Apr 09

Argan: 4 Reasons Why This Stock Is A Buy For Long-Term Dividend Investors

Mar 11

Argan: Favorable Supply/Demand Environment And Improved Capital Allocation

Jan 31

A Look At The Fair Value Of Argan, Inc. (NYSE:AGX)

Dec 22

Argan: Shares Are Cheaper Than They Appear

Dec 11

Argan: Encouraging Near-Term Trends Point To Further Share Price Gains

Nov 08

Argan (NYSE:AGX) Is Increasing Its Dividend To $0.30

Sep 23

Argan Stock: Recalibrating Expectations

Aug 23

Argan (NYSE:AGX) Has Announced A Dividend Of $0.25

Jun 24

Some Investors May Be Worried About Argan's (NYSE:AGX) Returns On Capital

Jun 08

Argan, Inc.: Good Growth At Attractive Valuations

Jun 02

Argan (NYSE:AGX) Will Pay A Dividend Of $0.25

Jan 03

Argan: A High Quality Pick For 2023

Dec 26

Time To Worry? Analysts Are Downgrading Their Argan, Inc. (NYSE:AGX) Outlook

Dec 15

Argan declares $0.25 dividend and increases buyback to $125M

Dec 15

Argan GAAP EPS of $0.56 misses by $0.14, revenue of $117.88M misses by $13.87M

Dec 07

Argan's (NYSE:AGX) Dividend Will Be $0.25

Sep 12

Argan: Assessing If Strong Potential Can Be Realized

Sep 08

CEO Compensation Analysis

How has David Watson's remuneration changed compared to Argan's earnings?
Date	Total Compensation	Salary	Company Earnings
Jul 31 2024	n/a	n/a	US$44m
Apr 30 2024	n/a	n/a	US$38m
Jan 31 2024	US$2m	US$400k	US$32m
Oct 31 2023	n/a	n/a	US$34m
Jul 31 2023	n/a	n/a	US$36m
Apr 30 2023	n/a	n/a	US$28m
Jan 31 2023	US$1m	US$305k	US$33m
Oct 31 2022	n/a	n/a	US$22m
Jul 31 2022	n/a	n/a	US$26m
Apr 30 2022	n/a	n/a	US$35m
Jan 31 2022	US$2m	US$223k	US$38m
Oct 31 2021	n/a	n/a	US$46m
Jul 31 2021	n/a	n/a	US$43m
Apr 30 2021	n/a	n/a	US$35m
Jan 31 2021	US$863k	US$200k	US$24m
Oct 31 2020	n/a	n/a	US$7m
Jul 31 2020	n/a	n/a	-US$9m
Apr 30 2020	n/a	n/a	-US$14m
Jan 31 2020	US$1m	US$200k	-US$43m
Oct 31 2019	n/a	n/a	-US$38m
Jul 31 2019	n/a	n/a	US$2m
Apr 30 2019	n/a	n/a	US$17m
Jan 31 2019	US$948k	US$200k	US$52m
Oct 31 2018	n/a	n/a	US$61m
Jul 31 2018	n/a	n/a	US$46m
Apr 30 2018	n/a	n/a	US$56m
Jan 31 2018	US$1m	US$200k	US$72m

Compensation vs Market: David's total compensation ($USD1.87M) is below average for companies of similar size in the US market ($USD5.35M).

Compensation vs Earnings: David's compensation has increased by more than 20% in the past year.

CEO

David Watson (49 yo)

2.3yrs

Tenure

US$1,867,181

Compensation

Mr. David Hibbert Watson, CPA, is Chief Executive Officer, President and Director at Argan, Inc. since August 16, 2022. He had been the Chief Financial Officer at Argan, Inc. since October 15, 2015 until A...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Watson	CEO, President & Director	2.3yrs	US$1.87m	0.36% $ 7.3m
Charles Collins	Chief Executive Officer of Gemma Power Systems	3yrs	US$2.45m	0.091% $ 1.8m
Joshua Baugher	Senior VP	less than a year	no data	no data
Michael Hundley	Senior Vice President of Legal	less than a year	no data	no data
Terrence Trebilcock	President of Gemma Power Systems	3yrs	US$1.63m	no data

2.3yrs

Average Tenure

48yo

Average Age

Experienced Management: AGX's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Watson	CEO, President & Director	2.3yrs	US$1.87m	0.36% $ 7.3m
Rainer Bosselmann	Director	21.8yrs	US$2.02m	1.63% $ 32.7m
William Leimkuhler	Independent Chairman	17.4yrs	US$222.98k	0.28% $ 5.6m
James Quinn	Lead Independent Director	21.5yrs	US$157.98k	0.45% $ 9.0m
Karen Sweeney	Independent Director	less than a year	no data	no data
Peter Getsinger	Independent Director	10yrs	US$162.98k	0.092% $ 1.8m
William Griffin	Director	12.6yrs	US$3.03m	1.07% $ 21.5m
Cynthia Flanders	Independent Director	15.6yrs	US$162.98k	0.13% $ 2.6m
John Jeffrey	Independent Director	7.4yrs	US$172.98k	0.094% $ 1.9m

12.6yrs

Average Tenure

70yo

Average Age

Experienced Board: AGX's board of directors are seasoned and experienced ( 12.6 years average tenure).

Argan Management

Management criteria checks 3/4

Key information

Recent management updates

Director recently sold US$1.0m worth of stock

Director recently sold US$2.8m worth of stock

Director notifies of intention to sell stock

Argan, Inc. Announces Demise of W.G. Champion Mitchell, Board Member

Director exercised options to buy US$2.1m worth of stock.

Director recently sold US$2.5m worth of stock

Recent updates

New minor risk - Share price stability

Investor sentiment improves as stock rises 16%

Director recently sold US$1.0m worth of stock

Director recently sold US$2.8m worth of stock

Director notifies of intention to sell stock

Investor sentiment improves as stock rises 15%

Upcoming dividend of US$0.38 per share

Argan: Favorable Long Term Due To Robust Project Pipeline

Argan's (NYSE:AGX) Shareholders Will Receive A Bigger Dividend Than Last Year

Argan, Inc. Announces Demise of W.G. Champion Mitchell, Board Member

Now 24% overvalued after recent price rise

Director exercised options to buy US$2.1m worth of stock.

Second quarter dividend increased to US$0.38

Earnings Tell The Story For Argan, Inc. (NYSE:AGX) As Its Stock Soars 32%

Argan, Inc. Declares Quarterly Cash Dividend, Payable on October 31, 2024

Director recently sold US$2.5m worth of stock

Investor sentiment improves as stock rises 24%

The Market Thinks Argan, Inc. Earnings Were Incredible, I Agree

Second quarter 2025 earnings: EPS and revenues exceed analyst expectations

Argan, Inc. to Report Q2, 2025 Results on Sep 05, 2024

Argan, Inc. (NYSE:AGX) Not Flying Under The Radar

CEO, President & Director recently sold US$1.2m worth of stock

CEO, President & Director notifies of intention to sell stock

Argan (NYSE:AGX) Is Experiencing Growth In Returns On Capital

Upcoming dividend of US$0.30 per share

Director recently sold US$1.2m worth of stock

Director notifies of intention to sell stock

Argan, Inc.(NYSE:AGX) dropped from Russell 3000E Value Index

First quarter dividend of US$0.30 announced

Argan, Inc. Declares Regular Quarterly Cash Dividend, Payable on July 31, 2024

Director recently sold US$3.8m worth of stock

Director recently sold US$3.8m worth of stock

Director notifies of intention to sell stock

An Intrinsic Calculation For Argan, Inc. (NYSE:AGX) Suggests It's 45% Undervalued

First quarter 2025 earnings released: EPS: US$0.59 (vs US$0.16 in 1Q 2024)

Argan, Inc. to Report Q1, 2025 Results on Jun 06, 2024

Argan, Inc., Annual General Meeting, Jun 20, 2024

Now 21% undervalued

Independent Director recently sold US$501k worth of stock

CEO, President & Director exercised options to buy US$714k worth of stock.

Consensus revenue estimates increase by 13%

After Leaping 25% Argan, Inc. (NYSE:AGX) Shares Are Not Flying Under The Radar

Fourth quarter dividend of US$0.30 announced

Price target increased by 21% to US$65.00

Now 22% undervalued

Argan: Quality Business, Uncorrelated Returns, And Belongs In An All-Weather Portfolio

Argan, Inc. to Report Q4, 2024 Results on Apr 11, 2024

Now 20% undervalued

Argan: 4 Reasons Why This Stock Is A Buy For Long-Term Dividend Investors

Argan: Favorable Supply/Demand Environment And Improved Capital Allocation

Director recently sold US$1.2m worth of stock

Director notifies of intention to sell stock

Upcoming dividend of US$0.30 per share at 2.6% yield

A Look At The Fair Value Of Argan, Inc. (NYSE:AGX)

Argan, Inc. Declares Regular Quarterly Cash Dividend, Payable on January 31, 2024

Consensus EPS estimates fall by 25%

Argan: Shares Are Cheaper Than They Appear

Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Argan, Inc. to Report Q3, 2024 Results on Dec 06, 2023

Argan: Encouraging Near-Term Trends Point To Further Share Price Gains

Upcoming dividend of US$0.30 per share at 2.6% yield

Independent Director notifies of intention to sell stock

Argan (NYSE:AGX) Is Increasing Its Dividend To $0.30

Argan, Inc. Increases Quarterly Cash Dividend, Payable on October 31, 2023

Second quarter 2024 earnings: EPS exceeds analyst expectations

Argan, Inc. to Report Q2, 2024 Results on Sep 06, 2023

Argan Stock: Recalibrating Expectations

Upcoming dividend of US$0.25 per share at 2.5% yield

Argan (NYSE:AGX) Has Announced A Dividend Of $0.25