Argan Executive Compensation (FY26)
AGX · Executive and director compensation, fiscal 2024 to 2026
The Argan brief, $1,500
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
Data as of September 20, 2026Latest filing (DEF 14A): April 21, 2026
1 filing cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
$1,500Get the executive brief
142 figures on this page, cited to the filing that reported them. See the citations
What changed from fiscal 2025 to fiscal 2026
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — David Watson: $2,259,258 → $2,668,098 (18.1% higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Argan's chief executive and what were they paid?
David Watson was paid $2,668,098 in total compensation as President and Chief Executive Officer for fiscal 2026. Watson's total moved 18.1% higher from the $2,259,258 reported for fiscal 2025.
Which companies are in Argan's peer group?
Companies named in the disclosed peer group include Granite Construction Incorporated, Limbach Holdings, Inc., Matrix Service Company, MYR Group Inc. and NPK International Inc., among others.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Charles Collins IV Chief Executive Officer, Gemma | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ | ◇ |
David Watson President and Chief Executive Officer | ◇ | ◇ | ◇ | ◇ | — | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Charles Collins IV Chief Executive Officer, Gemma | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ | ◇ |
David Watson President and Chief Executive Officer | ◇ | ◇ | ◇ | ◇ | — | — | ◇ | ◇ |
Joshua Baugher Senior Vice President, Chief Financial Officer and Treasurer | ◇ | ◇ | ◇ | ◇ | — | — | ◇ | ◇ |
Fiscal 2026
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Charles Collins IV Chief Executive Officer, Gemma | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ | ◇ |
David Watson President and Chief Executive Officer | ◇ | ◇ | ◇ | ◇ | — | — | ◇ | ◇ |
Joshua Baugher Senior Vice President, Chief Financial Officer, and Treasurer | ◇ | ◇ | ◇ | ◇ | — | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2026
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Charles E. Collins IV | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Charles E. Collins IV | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Charles E. Collins IV | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Charles E. Collins IV | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Charles E. Collins IV | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| David H. Watson | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| David H. Watson | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| David H. Watson | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| David H. Watson | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Joshua S. Baugher | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Joshua S. Baugher | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Joshua S. Baugher | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Joshua S. Baugher | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2026 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Charles Collins IV | Option | ◇ | — | ◇ | — |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| Joshua Baugher | Option | ◇ | — | ◇ | — |
| Option | ◇ | — | ◇ | — | |
| David Watson | Option | ◇ | — | ◇ | — |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2026
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Lisa L. Alexander | ◇ | ◇ | — | — | — | — | ◇ |
William F. Leimkuhler Board chair | ◇ | ◇ | — | — | — | — | ◇ |
John R. Jeffrey Jr | ◇ | ◇ | — | — | — | — | ◇ |
Peter W. Getsinger | ◇ | ◇ | — | — | — | — | ◇ |
Karen A. Sweeney | ◇ | ◇ | — | — | — | — | ◇ |
Cynthia A. Flanders | ◇ | ◇ | — | — | — | — | ◇ |
James W. Quinn | ◇ | ◇ | — | — | — | — | ◇ |
David H. Watson and William F. Griffin Jr served on the board in fiscal 2026 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Total board retainer | ◇ |
| Board chair premium | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
Equity is delivered as restricted stock units.
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2026
- Granite Construction Incorporated GVA
- Limbach Holdings, Inc. LMB
- Matrix Service Company MTRX
- MYR Group Inc. MYRG
- NPK International Inc. NPKI
- Primoris Services Corporation PRIM
- SOLV Energy, Inc. symbol not shown
- Sterling Construction Company, Inc. STRL
- Team, Inc. TISI
What this page does not include
Everything above is a fact Argan disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Argan sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Inquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
142 figures on this page, cited to the filing that reported them.
142 cited to the filing
Documents cited
- 0001104659-26-045998Director Compensation and Stock Ownership Guidelines · Grants of Plan-Based Awards Tables · Outstanding Equity Awards Tables · Summary Compensation Table
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Argan executive compensation, FY2024–FY2026.” https://intel.velarion.ai/comp/AGX (accessed 2026).
Short form: data: Velarion
The Argan brief, $1,500
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
1 filing cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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The headline figures, each with its citation.
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Peers Argan discloses
The companies named in AGX's own disclosed peer group.
Terms on this page
Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}