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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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Form Type
4

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 Zhu James
Role Chief Accounting Officer
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
Holdings After Transaction: Restricted Stock Units — 12,048 contracts (Direct); Common Stock, par value $0.001 per share — 34,743 shares (Direct)
Footnotes (4)
  1. 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.
  2. 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.
  3. 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.
  4. F4. Does not include 75,671 unvested restricted stock units held by the reporting person in connection with grants made on separate dates.
Restricted stock units settled 23,385 restricted stock units Vested and settled on September 24, 2026
Common shares acquired 23,385 shares Received upon settlement on September 24, 2026
Shares withheld for taxes 6,279 shares Withheld in connection with vesting and settlement on September 24, 2026
Per-share price $3.93 per share Closing price used as the basis for shares withheld on September 24, 2026
Restricted stock units following transaction 12,048 restricted stock units Direct position reported after the September 24, 2026 transaction
Unvested restricted stock units from separate grants 75,671 restricted stock units Excluded from the post-transaction amount
Restricted stock units granted 35,433 restricted stock units Granted September 24, 2024
restricted stock unit financial
"Each restricted stock unit represents the right to receive, upon vesting"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
vesting financial
"vesting 66% on the second anniversary of the grant date"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
tax withholding obligations financial
"to satisfy tax withholding obligations in connection with the vesting and settlement"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did ARRY Chief Accounting Officer James Zhu receive, and how many were withheld?

James Zhu reported settlement of 23,385 restricted stock units for 23,385 common shares on September 24, 2026. The issuer withheld 6,279 shares for tax obligations at a reported $3.93 per-share price, based on the common stock’s closing price that day.

What was the vesting schedule for James Zhu’s ARRY restricted stock units?

James Zhu received 35,433 restricted stock units on September 24, 2024, with 66% vesting on the second anniversary of the grant and 34% on the third anniversary.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Zhu James

(Last)(First)(Middle)
3901 MIDWAY PLACE NE

(Street)
ALBUQUERQUE NEW MEXICO 87109

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Array Technologies, Inc. [ ARRY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Accounting Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/24/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock, par value $0.001 per share09/24/2026M23,385A(1)41,022D
Common Stock, par value $0.001 per share09/24/2026F6,279(2)D$3.9334,743D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)09/24/2026M23,385 (3) (3)Common Stock, par value $0.001 per share23,385$012,048(4)D
Explanation of Responses:
1. 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.
2. 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.
3. 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.
4. Does not include 75,671 unvested restricted stock units held by the reporting person in connection with grants made on separate dates.
Remarks:
/s/ Gina Gunning as Attorney-in-Fact09/28/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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