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David H. Watson received $2.7M in total compensation as President and Chief Executive of ARGAN INC in FY2026. The largest component was $1.5M in stock awards. That’s up 18% from FY2025. Source: SEC DEF 14A.
In fiscal year 2026, David H. Watson, President and Chief Executive of ARGAN INC (AGX), received total compensation of $2.7 million.
David H. Watson's compensation breakdown includes: base salary of $500K, bonus of $500K, stock awards valued at $1.5 million, option awards of $87K, and other compensation of $34K.
Compared to fiscal year 2025, David H. Watson's total compensation increased 18% from $2.3 million to $2.7 million.
ARGAN INC's top 3 named executive officers received combined total compensation of $11.4 million in fiscal year 2026.
The named executive officers disclosed in ARGAN INC's 2026 proxy statement are:David H. Watson (President and Chief Executive) with total compensation of $2.7 million, Charles E. Collins IV (Chief Executive Officer Gemma) with total compensation of $7.4 million, and Joshua S. Baugher (Senior Vice President Chief) with total compensation of $1.4 million.
Source Filing
Executive Record
David H. Watson
President and Chief Executive
Reported Pay
$2.7MSummary compensation table total · FY2026
Findings
Reviewing FY2026 compensation of $2.7M against +111% shareholder return and the latest filing-backed pay disclosures.
Reported pay changed +18%; spread versus stock performance is pending computation.
Evidence is sourced from the latest executive compensation filing and return series for AGX.
Team view
3 executives
President and Chief Executive
Total PayFY2026
$2.7M
Chief Executive Officer Gemma
Total PayFY2026
$7.4M
Senior Vice President Chief
Total PayFY2026
$1.4M
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01FY2026 total compensation breakdown
$2.7M total compensation
David H. Watson earned $2.7M in FY2026— here's how that breaks down.
$1.5M
58% of total
$500.0K
19% of total
$500.0K
19% of total
$86.5K
3% of total
$34.3K
1% of total
A pay-performance summary will appear here once the verdict loads above.
02Pay changes vs. stock performance
1 year of data
Peer context
Dashed line marks the mid-cap median compensation benchmark for companies around $9.9B market cap, based on 476 peers in this size band.
03Recent insider trades by officers and directors
~64 trades
04Showing FY2026 data (latest available)
FY2027does not include director compensation in our current dataset, so we're showing the latest board table we found.
We're loading the latest director compensation and board makeup.
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06For analysts and deep research
Historical compensation data from latest proxy filing
| Year | Executive | Salary | Bonus & Incentive | Stock Awards | Option Awards | Other Adj. | Total |
|---|---|---|---|---|---|---|---|
| 2026 | $0.50M | $0.50M | $1.55M | $0.09M | $0.03M | $2.67M | |
| 2025 | $0.44M | $0.68M | $1.07M | $0.04M | $0.03M | $2.26M | |
| 2024 | $0.40M | $0.58M | $0.85M | $0.04M | $0.01M | $1.87M | |
| 2023 | $0.31M | $0.33M | $0.69M | $0.07M | $0.00M | $1.40M | |
| 2022 | $0.22M | $0.25M | $1.03M | $0.11M | $0.00M | $1.62M | |
| 2021 | $0.20M | $0.18M | $0.30M | $0.18M | $0.00M | $0.86M | |
| 2020 | $0.20M | $0.18M | $0.36M | $0.37M | $0.00M | $1.11M | |
| 2019 | $0.20M | $0.20M | $0.27M | $0.28M | $0.00M | $0.95M |
Salary = base cash pay. Bonus & Incentive combines annual bonus and non-equity plans. Equity amounts are grant-date fair values. Other Adj. captures pension changes, perquisites, and any reconciliation items so the total matches the reported figure.
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ARGAN INC (AGX) — Key Facts
Last updated Jul 4, 2026 · DEF 14A filed Apr 21, 2026
| CEO | David H. Watson, President and Chief Executive |
|---|---|
| Fiscal year | FY2026 |
| Total compensation | $2.7M |
| Base salary | $500K |
| Stock awards | $1.5M |
| Other compensation | $34K |
| Year-over-year change | +18% |
| Source | DEF 14A, 2026-04-21 |
David H. Watson, the President and Chief Executive of ARGAN INC, received total compensation of $2.7 million in fiscal year 2026. This includes base salary of $500,000 and stock awards valued at $1.5 million.
David H. Watson's base salary at ARGAN INC is $500,000 per year as of fiscal year 2026. However, total compensation including stock awards, bonuses, and other benefits is $2.7 million.
ARGAN INC's CEO, David H. Watson, earned $2.7 million in total compensation for fiscal year 2026. The majority of this compensation comes from stock awards ($1.5 million) rather than base salary ($500,000).