ARGAN INC

Construction - Special Trade Contractors·ARLINGTON, VA·FY end 01/31·CIK 100591

Named Executive Officers

FY 2026

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Charles E. Collins IVChief Executive Officer, Gemma	$794.4K	$735.0K	$43.3K	$5.5M	$305.2K	$7.4M
David H. WatsonPresident and Chief Executive	$500.0K	$1.5M	$86.5K	$500.0K	$34.3K	$2.7M
Joshua S. BaugherSenior Vice President, Chief	$250.0K	$773.6K	$43.3K	$250.0K	$34.3K	$1.4M

David H. Watson · FY 2026

Stock awards$1.5M58%

Performance bonus$500.0K19%

Salary$500.0K19%

Other$120.8K5%

TSR % vs. CEO comp actually paid · 6 fiscal years · Item 402(v) disclosure

TSR

CEO comp

FY21

+10%

$1M

FY22

-12%

$1981M

FY23

-5%

$2159M

FY24

+11%

$1877M

FY25

+247%

$10931M

FY26

+786%

$21888M

CEO total compMedian employeePay ratio (right axis)