This action will be executed when a user's password will get changed.
Hook Name: arm_user_password_changed
Hook Type: Action
Source: core/classes/class.arm_member_forms.php
Usage:
add_action( 'arm_user_password_changed', 'your_function');
function your_function($user) {
//Do Your Action
//$user User Object.
}
Parameters:
$user
User Object