Array Technologies accounting chief receives 23,385 shares
James Zhu's September 24, 2024 grant called for 66% vesting at its second anniversary and 34% at its third.
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Rhea-AI Filing Summary
Array Technologies, Inc. (ARRY) Chief Accounting Officer James Zhu reported the vesting and settlement of 23,385 restricted stock units on September 24, 2026, receiving 23,385 common shares. The issuer withheld 6,279 shares for tax obligations, based on the stock’s $3.93 closing price that day. Zhu held 12,048 restricted stock units following the transaction; that count excludes 75,671 unvested units from grants made on separate dates.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3, F4 | 23,385 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.001 per share F1 | 23,385 | -- | -- |
| Tax Withholding | Common Stock, par value $0.001 per share F2 | 6,279 | $3.93 | $25K |
Footnotes (4)
- F1. Each restricted stock unit represents the right to receive, upon vesting, one share of the Issuer's common stock in accordance with the Issuer's Amended and Restated 2020 Long-Term Incentive Plan.
- F2. Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of restricted stock units. The number of shares withheld is based on the closing price of the Issuer's common stock on September 24, 2026.
- F3. On September 24, 2024, the reporting person was granted 35,433 restricted stock units, vesting 66% on the second anniversary of the grant date and 34% on the third anniversary of the grant date.
- F4. Does not include 75,671 unvested restricted stock units held by the reporting person in connection with grants made on separate dates.
Key Figures
Key Terms
restricted stock unit financial
vesting financial
tax withholding obligations financial
FAQ
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What was the vesting schedule for James Zhu’s ARRY restricted stock units?
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