Array Technologies CEO receives 213,070 shares
The underlying award was granted September 24, 2024, with 66% vesting on its second anniversary and 34% on its third.
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Rhea-AI Filing Summary
Array Technologies, Inc. (ARRY) CEO Kevin G. Hostetler exercised 213,070 restricted stock units on September 24, 2026, resulting in 213,070 shares of common stock. The company withheld 89,170 shares to satisfy tax withholding obligations, based on the common stock’s $3.93 closing price that day. The reported RSU balance following the transaction was 109,764 units; it excludes 559,589 unvested RSUs from grants made on separate dates.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3, F4 | 213,070 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.001 per share F1 | 213,070 | -- | -- |
| Tax Withholding | Common Stock, par value $0.001 per share F2 | 89,170 | $3.93 | $350K |
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 322,834 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 559,589 unvested restricted stock units held by the reporting person in connection with grants made on separate dates.
Key Figures
Key Terms
Restricted Stock Units financial
tax withholding obligations financial
Amended and Restated 2020 Long-Term Incentive Plan financial
FAQ
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How many ARRY restricted stock units did CEO Kevin G. Hostetler exercise?
What was the vesting schedule for Kevin G. Hostetler’s ARRY restricted stock unit award?
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