Sundar PichaiSundar Pichai earned $164M in 2023

Rainer H. Bosselmann is the former CEO of Argan, Inc., a company he led from 2015 to 2022. With a degree in Mechanical Engineering from the University of Maryland, he has a solid foundation in engineering, which played a significant...

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Rainer H. Bosselmann

Ex-CEO of Argan

Education

Bachelor's degree in Mechanical Engineering from the University of Maryland.

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Industrials

Born

March 15, 1949 - 76 years ago

CEO of Argan for

6 years 10 months (Oct 2015 - Aug 2022)

Previous Experience

Chairman and CEO of Argan, Inc. since October 2015. Formerly served as CEO of Gemma Power Systems, LLC.

Rivals

Competitors/colleagues of Rainer H. Bosselmann

Holdings

See how much did Rainer H. Bosselmann make over time.

During his time at Argan, Rainer H. Bosselmann showed a strong presence in insider trading activities, with his wealth often tied up in stock holdings. In the peak of his tenure in 2021, his holdings reached a value of about...

Total Stock Sold

$24.07M

AGX

$24.07M

425,991 AGX shares

What if they kept their stock?

If Rainer H. Bosselmann didn't sell their stock, today they would have:
Extra AGX425,991 shares worth $16.83M.
This is -30.09% and $7.24M less than what they got when they sold the stock.

Charitable Transactions

AGX

8,500 shares

AGX

Recent Charitable Transactions

AGX

8,500 shares

AGX

Apr 24, 2024

Charity

Insider Trading

See recent insider trades of Rainer H. Bosselmann.

AGX

$2.80M

AGX at $130.52/share

Oct 17, 2024

Sale

AGX

$2.49M

AGX at $89.61/share

Sep 10, 2024

Sale

AGX

$1.18M

AGX at $69.23/share

Jul 10, 2024

Sale

AGX

$2.44M

AGX at $71.41/share

Jul 5, 2024

Sale

AGX

$3.84M

AGX at $76.81/share

Jun 13, 2024

Sale

AGX

8,500 shares

AGX

Apr 24, 2024

Charity

AGX

$4.44M

AGX at $44.39/share

Jan 22, 2024

Sale

AGX

$2.67M

AGX at $75.37/share

Jan 25, 2017

Sale

AGX

$1.63M

AGX at $54.45/share

Sep 16, 2016

Sale

AGX

$71.52K

AGX at $32.00/share

Jan 29, 2015

Sale

Compensation History

See how much did Rainer H. Bosselmann make over time.

In the fiscal year 2022, Rainer H. Bosselmann's overall compensation totaled $1.9 million, which included a base salary of $225,000. This salary was accompanied by performance bonuses and vested stock options, marking a significant retirement payout as he stepped down from his CEO role. His compensation structure also reflected his accomplishments in aligning executive rewards with company success, along with a healthy bonus due to strong corporate performance that encouraged him to drive growth consistently over his tenure. This balance of salary, bonuses, and stock options exemplified how the company aimed to retain top talent while rewarding performance that is beneficial to shareholders. While his fixed salary may seem modest compared to total compensation, the varied components allowed him to share in the company's successes directly.

Year

2022

Total Compensation

$1.83M

Salary

$131.25K

Board Justification

The compensation philosophy aims to align executive compensation with company performance and shareholder interests, ensuring retention and motivation of key executives.

Bonus

$0.00

Board Justification

No bonus was awarded for Fiscal 2023 as he retired from his CEO position on August 16, 2022.

Other

$830.42K

Board Justification

This includes future cash payments and other employee benefits committed to be provided over the three-year period following his retirement.

Restricted Stock

$866.45K(866.45K Common Stock)

Board Justification

The value of the stock that vested in 2022, including PRSUs and TRSUs awarded in prior years.

Performance Metrics

Performance metrics include individual performance evaluations, company financial performance, and achievement of strategic goals.

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