STOCK TITAN

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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Form Type
4

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 Hostetler Kevin G.
Role Chief Executive Officer
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
Holdings After Transaction: Restricted Stock Units — 109,764 contracts (Direct); Common Stock, par value $0.001 per share — 448,166 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 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.
  4. F4. Does not include 559,589 unvested restricted stock units held by the reporting person in connection with grants made on separate dates.
Restricted stock units exercised 213,070 units September 24, 2026
Common shares acquired 213,070 shares Upon exercise of restricted stock units on September 24, 2026
Shares withheld 89,170 shares Withheld for tax obligations in connection with vesting and settlement
Closing price $3.93 per share September 24, 2026; basis for the share withholding
Reported RSU balance after transaction 109,764 units Excludes 559,589 unvested RSUs from grants made on separate dates
Separate unvested RSUs excluded 559,589 units Held by the reporting person in connection with grants made on separate dates
Restricted stock units granted 322,834 units Granted September 24, 2024
Restricted Stock Units financial
"Each restricted stock unit represents the right to receive, upon vesting"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"to satisfy tax withholding obligations"
Amended and Restated 2020 Long-Term Incentive Plan financial
"in accordance with the Issuer's Amended and Restated 2020 Long-Term Incentive Plan"

FAQ

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

How many ARRY restricted stock units did CEO Kevin G. Hostetler exercise?

On September 24, 2026, Kevin G. Hostetler exercised 213,070 restricted stock units, representing 213,070 shares of Array Technologies common stock.

How many ARRY shares were withheld for taxes, and at what price?

Array Technologies withheld 89,170 shares for tax withholding obligations in connection with the restricted stock unit vesting and settlement. The withholding amount was based on the September 24, 2026 closing price of $3.93 per share.

What was the vesting schedule for Kevin G. Hostetler’s ARRY restricted stock unit award?

The award of 322,834 restricted stock units was granted September 24, 2024. It vests 66% on the second anniversary of the grant date 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*
Hostetler Kevin G.

(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive 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 share09/24/2026M213,070A(1)537,336D
Common Stock, par value $0.001 per share09/24/2026F89,170(2)D$3.93448,166D
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)09/24/2026M213,070 (3) (3)Common Stock, par value $0.001 per share213,070$0109,764(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 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.
4. Does not include 559,589 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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