Array Technologies (NASDAQ: ARRY) COO nets shares from RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Array Technologies, Inc. President & COO Neil Manning reported routine equity compensation activity. On March 17 and 18, 2026, he exercised restricted stock units into a total of 25,273 shares of common stock at no exercise price under the company’s 2020 Long-Term Incentive Plan.
To cover tax withholding obligations on these vestings, the issuer withheld a total of 6,786 shares based on the closing stock prices of $6.99 on March 17 and $6.86 on March 18. After these transactions, Manning directly holds 53,925 shares of common stock and an additional 108,571 unvested restricted stock units from separate grants that continue to vest over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
25,273 shares exercised/converted
Mixed
6 txns
Insider
Manning Neil
Role
President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 20,391 | $0.00 | -- |
| Exercise | Common Stock, par value $0.001 per share | 20,391 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.001 per share | 5,475 | $6.86 | $38K |
| Exercise | Restricted Stock Units | 4,882 | $0.00 | -- |
| Exercise | Common Stock, par value $0.001 per share | 4,882 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.001 per share | 1,311 | $6.99 | $9K |
Holdings After Transaction:
Restricted Stock Units — 40,783 shares (Direct);
Common Stock, par value $0.001 per share — 59,400 shares (Direct)
Footnotes (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 17, 2026. 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 18, 2026. On March 17, 2023, the reporting person was granted 14,645 restricted stock units, vesting in three equal annual installments, beginning on the first anniversary of the grant date. On March 18, 2025, the reporting person was granted 61,174 restricted stock units, vesting in three equal annual installments, beginning on the first anniversary of the grant date. Does not include 108,571 unvested restricted stock units held by the Reporting Person in connection with grants made on separate dates.
FAQ
What insider transactions did Array Technologies (ARRY) report for Neil Manning?
Neil Manning exercised restricted stock units into 25,273 shares of common stock. The transactions on March 17 and 18, 2026 reflect routine equity compensation vesting under the 2020 Long-Term Incentive Plan, rather than open-market buying or selling activity.
Does Neil Manning still hold unvested restricted stock units in Array Technologies (ARRY)?
Yes, he continues to hold 108,571 unvested restricted stock units. These RSUs relate to prior grants made on separate dates and will vest over time according to their original schedules under Array Technologies’ 2020 Long-Term Incentive Plan.
Were Neil Manning’s Array Technologies (ARRY) transactions open-market purchases or sales?
No, the transactions reflect RSU vesting and tax withholding, not market trades. Code M entries show derivative exercises of restricted stock units, and code F entries show shares withheld by the issuer to pay tax obligations tied to those vestings.
Which prior RSU grants for Array Technologies (ARRY) are referenced in Neil Manning’s Form 4?
The filing references RSU grants from March 17, 2023 and March 18, 2025. These grants were for 14,645 and 61,174 restricted stock units, respectively, each vesting in three equal annual installments beginning on the first anniversary of the grant date.