Array Digital Infrastructure, Inc. SEC filings document the company's wireless infrastructure business, capital structure, and corporate transition from United States Cellular Corporation. Form 8-K reports cover completed spectrum asset dispositions, credit-agreement amendments, senior notes, special dividend-related capital actions, operating results, and material-event disclosures.
Proxy and governance filings describe board matters, executive compensation, incentive plans, shareholder voting items, and ownership-related disclosures. The filing record also includes risk, regulatory, and capital-structure information tied to Array's tower portfolio, retained spectrum licenses, and public-company governance.
ARRAY DIGITAL INFRASTRUCTURE, INC. President and CEO Anthony J. Carlson exercised equity awards into common shares in a compensation-related transaction. He converted 1,742 restricted stock units and 4,150 performance share units into a total of 5,892 common shares, valued using a market price of $48.00 per share from the prior trading day.
To cover tax obligations on these vestings, 511 shares and 1,217 shares (1,728 shares in total) were withheld rather than sold on the market. Following these transactions, Carlson holds 13,093 common shares directly. The footnotes explain that both the restricted stock units and performance share units were originally granted in April 2023, with additional units credited after special dividends in August 2025 and February 2026 to maintain the awards’ fair value. No open-market purchases or sales were reported in this filing.
Array Digital Infrastructure, Inc. filed an Amendment No. 1 to its annual report for the year ended December 31, 2025. The update is limited to adding separate audited financial statements of the Los Angeles SMSA Limited Partnership, in which Array holds a 5.5% limited partnership interest and accounts for using the equity method.
The LA Partnership financials are included as Exhibit 99.1, along with the related auditor consent and new CEO/CFO certifications. Array states that no other disclosures from the original annual report have been modified or updated, so this amendment is administrative and should be read together with the original filing.
Array Digital Infrastructure, Inc. adopted a new 2026 Annual Incentive Plan effective January 1, 2026 for its named executive officers and all associates. As of March 22, 2026, the plan was approved by the company’s Chair and its President and CEO, although the Chair does not participate.
The plan bases officer bonuses 80% on company performance and 20% on individual performance. Company performance is measured using three financial metrics: Adjusted Revenue (40% weighting), Adjusted OIBDA (40%), and New Cash Site Rental Revenue (20%). Officers generally must remain employed through the bonus payout date, with pro-rated eligibility for retirement or death and potential discretionary payouts in other cases.
Carlson Anthony J reported acquisition or exercise transactions in this Form 4 filing.
ARRAY DIGITAL INFRASTRUCTURE, INC. reported that President and CEO Anthony J. Carlson received a grant of 5,805 restricted stock units under the company’s Long-Term Incentive Plan. These RSUs represent the right to receive an equal number of common shares and will vest in three equal installments on the first, second, and third anniversaries of the grant date, aligning a portion of the CEO’s compensation with long-term shareholder value.
Array Digital Infrastructure, Inc. (AD) is holding its 2026 Annual Meeting on May 19, 2026 where shareholders will vote on director elections, ratifying PwC, an amendment to permit officer exculpation, and an advisory Say-on-Pay.
In 2025 the company completed the sale of its wireless operations and select spectrum — the transaction closed on August 1, 2025 with final sales proceeds of $4.3 billion and a special cash dividend of $23.00 per share. Following the transaction the company was renamed Array and repositioned as a tower company with over 4,400 towers, ~60 associates, and a focus on tower leasing and colocations. Array has monetized approximately 70% of its spectrum holdings via agreements with major carriers, including a closed AT&T transaction on January 13, 2026 for $1.018 billion, with remaining spectrum monetization expected to close in 2026. The Board unanimously recommends votes FOR all proposals.
ARRAY DIGITAL INFRASTRUCTURE, INC. President and CEO Anthony J. Carlson reported routine equity compensation activity tied to restricted stock units. On March 4, 2026, 1,004 restricted stock units were converted into 1,004 common shares at a price of $49.91 per share, increasing his direct common share holdings to 9,278 before tax withholding.
The restricted stock units were granted under the Array Long-Term Incentive Plan on March 4, 2024 and vest in three equal annual installments. Footnotes explain the award was increased by 167 units after a special dividend on February 2, 2026 to preserve fair value, and this filing reflects settlement of the second vesting tranche.
Carlson then disposed of 349 common shares at $49.91 per share through a code F transaction to cover taxes due on the vesting that occurs on March 4, 2026, leaving him with 8,929 directly owned common shares. The filing shows compensation-related conversions and tax withholding rather than open-market buying or selling.
Array Digital Infrastructure, Inc. reports a transformative 2025, completing the $4,293.8 million sale of its wireless operations and select spectrum assets to T-Mobile and pivoting to a tower-focused business. The deal brought $2,628.8 million in cash and $1,665.0 million of debt assumed by T-Mobile.
Array now owns 4,450 towers across 19 states and derives most revenue from long-term site leases, including a new Master License Agreement with T-Mobile covering at least 2,015 committed sites plus up to 1,800 interim sites. 2025 site rental revenue rose to $154.7 million, and total operating revenue reached $163.0 million.
Despite $47.7 million of spectrum impairments, Array posted $169.7 million of net income from continuing operations attributable to shareholders, supported by $173.8 million of equity earnings and $69.0 million of short-term imputed spectrum lease income. Two special dividends totaling $33.25 per share were funded from T-Mobile and AT&T spectrum transactions, and further proceeds are expected from a $1,000.0 million Verizon spectrum sale, subject to approvals.
Array Digital Infrastructure, Inc. reported a major turnaround in 2025 as it shifted to a standalone tower business and detailed 2026 guidance. Total operating revenues from continuing operations rose to $163.0 million from $102.9 million, driven mainly by a 51% increase in site rental revenues. Net income attributable to shareholders from continuing operations swung to a $169.7 million profit, or diluted earnings per share of $1.94, compared with a $(1.00) loss per share in 2024.
The company closed the sale of wireless operations and select spectrum assets to T-Mobile in August 2025 and paid a $23 per share special dividend, then sold 3.45GHz and 700MHz spectrum licenses to AT&T, supporting a further $10.25 special dividend in February 2026. Additional spectrum deals with T-Mobile are expected to generate $178 million in aggregate proceeds, and a separate sale of spectrum licenses to Verizon is expected to close in the second or third quarter of 2026. For 2026, Array guides to total operating revenues of $200–$215 million, Adjusted EBITDA of $200–$215 million, Adjusted OIBDA of $50–$65 million, and capital expenditures of $25–$35 million, reflecting confidence in tower growth and spectrum monetization.
Array Digital Infrastructure, Inc., formerly United States Cellular Corporation, completed the previously announced sale of select wireless spectrum assets to AT&T for a cash purchase price of $1.018 billion. The transaction closed on January 13, 2026 under a License Purchase Agreement originally signed on November 6, 2024, and included $232 million of value allocated to certain 700 MHz Designated Entity Spectrum Licenses, with no portion of the purchase price deferred.
On the same day, Array’s Board of Directors declared a special cash dividend of $10.25 per share for holders of its Common Stock and Series A Common Stock. Stockholders of record as of January 23, 2026 will receive the dividend, which is scheduled to be paid in cash on February 2, 2026. The company also issued a press release announcing the closing of the sale and related matters.
Array Digital Infrastructure, Inc. reported an insider equity transaction by its President and CEO, who is also a director. On 01/02/2026, the reporting person received 5,022 Common Shares through a payout of deferred bonuses invested in phantom stock under the Array Long-Term Incentive Plan, recorded as transaction code M. On the same date, 1,355 Common Shares were withheld (code F) to cover taxes due in connection with this deferred compensation settlement.
After these transactions, the reporting person directly owned 8,274 Common Shares and held 4,489 derivative securities related to deferred compensation. The filing notes that the price on January 2, 2026 was used to determine the payout for the deferred bonus shares and that a total of 3,948 of these shares are vested.