Argan (AGX) executive compensation, 2026 proxy

David H. Watson, President and Chief Executive Officer, was paid $2.7M in fiscal 2026, up 18% from $2.3M the year before. The CEO-to-median-employee pay ratio was 27:1, on median employee pay of $100,368.

Filed
April 21, 2026
Annual meeting
June 10, 2026
Pay year
fiscal 2026
Named executives
3
CEO total pay
$2.7M+18% vs prior year
CEO to median employee
27:1median $100,368
CEO pay in equity
61%$1.6M in awards
CEO Base Salary
$500,000Annual base salary
CEO Target Bonus
100%Percentage of base salary
Gemma CEO Non-Equity Incentive
$4,000,000Earned pursuant to employment agreement
Total NEO Count
3Reported in summary compensation table
Median Employee Pay
$100,368Based on 2025 payroll data

How Watson was paid

$2.7M in total for fiscal 2026, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary19%Bonus19%Stock awards58%Option awards3%All other compensation1%

Named executive officers

ExecutiveTotal
David H. WatsonPresident and Chief Executive Officer$2,668,098
Joshua S. BaugherSenior Vice President, Chief Financial Officer and Treasurer$1,351,218
Charles E. Collins IVChief Executive Officer, Gemma$7,377,838

What changed and why

  • $2.7MDavid H. Watson total compensation increased to $2,668,098 in fiscal 2026 from $2,259,258 in fiscal 2025.
  • $4MCharles E. Collins IV received $4,000,000 in non-equity incentive plan compensation for fiscal 2026.
  • $1.4MJoshua S. Baugher received total compensation of $1,351,218 following his appointment as CFO.
  • $945MThe company reported revenues of $945M and a diluted EPS of $9.74 for fiscal 2026.
  • The CEO to median employee pay ratio was calculated as 27 to 1.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.