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Array Technologies (ARRY) COO receives 41,299 RSUs and settles prior award

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Array Technologies, Inc. President & COO Neil Manning reported routine equity compensation activity. On March 12, 2026, 8,217 restricted stock units were exercised into 8,217 shares of common stock, and 2,611 of those shares were withheld at $6.80 per share to cover tax obligations. On the same date, he received a new grant of 41,299 restricted stock units under the 2020 Long-Term Incentive Plan, vesting in three equal annual installments beginning on the first anniversary of the grant. Following these transactions, Manning directly held 35,438 shares of common stock. Footnotes indicate additional unvested restricted stock units from prior grants, including 125,111 units, 8,217 units referenced above, and the new 41,299-unit award.

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Insider Manning Neil
Role President & COO
Type Security Shares Price Value
Exercise Restricted Stock Units 8,217 $0.00 --
Grant/Award Restricted Stock Units 41,299 $0.00 --
Exercise Common Stock, par value $0.001 per share 8,217 $0.00 --
Tax Withholding Common Stock, par value $0.001 per share 2,611 $6.80 $18K
Holdings After Transaction: Restricted Stock Units — 8,217 shares (Direct); Common Stock, par value $0.001 per share — 38,049 shares (Direct)
Footnotes (1)
  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 2020 Long-Term Incentive Plan. 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 March 12, 2026. On March 12, 2024, the reporting person was granted 24,650 restricted stock units, vesting in three equal annual installments, beginning on the first anniversary of the grant date. On March 12, 2026, the reporting person was granted 41,299 restricted stock units, vesting in three equal annual installments, beginning on the first anniversary of the grant date. Does not include: (i) 125,111 unvested restricted stock units held by the reporting person in connection with grants made on separate dates; or (ii) the 8,217 unvested restricted stock units reported above.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED 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*
Manning Neil
(Last) (First) (Middle)
3901 MIDWAY PLACE NE
(Street)
ALBUQUERQUE NM 87109
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Array Technologies, Inc. [ ARRY ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President & COO
3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock, par value $0.001 per share 03/12/2026 M 8,217 A (1) 38,049 D
Common Stock, par value $0.001 per share 03/12/2026 F 2,611(2) D $6.8 35,438 D
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 03/12/2026 M 8,217 (3) (3) Common Stock, par value $0.001 per share 8,217 $0 8,217 D
Restricted Stock Units (1) 03/12/2026 A 41,299 (4) (4) Common Stock, par value $0.001 per share 41,299 $0 41,299(5) 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 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 March 12, 2026.
3. On March 12, 2024, the reporting person was granted 24,650 restricted stock units, vesting in three equal annual installments, beginning on the first anniversary of the grant date.
4. On March 12, 2026, the reporting person was granted 41,299 restricted stock units, vesting in three equal annual installments, beginning on the first anniversary of the grant date.
5. Does not include: (i) 125,111 unvested restricted stock units held by the reporting person in connection with grants made on separate dates; or (ii) the 8,217 unvested restricted stock units reported above.
Remarks:
/s/ Ashton Wiebe as Attorney-in-Fact 03/16/2026
** Signature of Reporting Person Date
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.

Source: View Original Filing on SEC EDGAR

FAQ

What equity transactions did ARRY President & COO Neil Manning report?

Neil Manning reported routine equity compensation activity, including settlement of 8,217 restricted stock units into common shares and a new grant of 41,299 restricted stock units. A portion of the shares from vesting was withheld to satisfy tax obligations based on the closing share price.

How many Array Technologies (ARRY) shares does Neil Manning hold after these transactions?

After the reported transactions, Neil Manning directly held 35,438 shares of Array Technologies common stock. This figure reflects the settlement of 8,217 restricted stock units into shares and the withholding of 2,611 shares by the company to satisfy related tax obligations.

What restricted stock unit grants did Neil Manning receive at Array Technologies (ARRY)?

On March 12, 2026, Neil Manning received a grant of 41,299 restricted stock units under the 2020 Long-Term Incentive Plan. The award vests in three equal annual installments, beginning on the first anniversary of the grant date, aligning compensation with multiyear company performance.

How were taxes handled on Neil Manning’s ARRY restricted stock unit vesting?

To satisfy tax withholding obligations from restricted stock unit vesting and settlement, 2,611 shares of Array Technologies common stock were withheld. The withholding amount was based on the closing price of the company’s common stock on March 12, 2026, according to the footnotes.

What unvested restricted stock units does Neil Manning still hold in ARRY?

Footnotes indicate Neil Manning holds 125,111 unvested restricted stock units from earlier grants, plus 8,217 unvested units referenced in the report. They also describe a new 41,299-unit award vesting over three years, providing additional future equity-based compensation exposure.

Are Neil Manning’s Array Technologies (ARRY) Form 4 transactions open-market buys or sales?

The reported transactions are not open-market buys or sales. They involve settlement of 8,217 restricted stock units into common shares, a tax-withholding disposition of 2,611 shares, and a grant of 41,299 new restricted stock units as part of equity-based compensation.