Array Technologies (NASDAQ: ARRY) CEO details RSU vesting, new award and tax withholding

Rhea-AI Filing Summary

Array Technologies, Inc. Chief Executive Officer Kevin G. Hostetler reported equity compensation activity centered on restricted stock units (RSUs). On March 12, 2026, 56,149 RSUs were exercised into the same number of shares of common stock at a conversion price of $0.00 per share, and he received a new grant of 253,303 RSUs under the company’s 2020 Long-Term Incentive Plan.

Following these transactions, Hostetler directly held 231,101 shares of common stock. To cover tax withholding obligations tied to the RSU vesting and settlement, 15,194 shares were disposed of at a price of $6.80 per share, which the company withheld rather than sold on the open market. Footnotes note additional unvested RSUs from prior grants that are not affected by these transactions.

Insights

Equity compensation analyst

CEO’s Form 4 reflects routine RSU vesting, a new grant, and tax withholding.

Kevin G. Hostetler, CEO of Array Technologies, reported the vesting of 56,149 restricted stock units that converted into the same number of common shares at a $0.00 exercise price. He also received a new award of 253,303 RSUs under the 2020 Long-Term Incentive Plan, expanding his unvested equity-based compensation.

To satisfy tax obligations from the RSU settlement, 15,194 shares were withheld at $6.80 per share, a mechanistic disposition rather than an open-market sale. After these entries, his direct common stock holdings stood at 231,101 shares, while footnotes indicate additional unvested RSUs from earlier grants that will vest over time.

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

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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 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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

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		56,149	A	(1)	246,295	D
Common Stock, par value $0.001 per share	03/12/2026		F		15,194(2)	D	$6.8	231,101	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			56,149	(3)	(3)	Common Stock, par value $0.001 per share	56,149	$0	56,150	D
Restricted Stock Units	(1)	03/12/2026		A		253,303		(4)	(4)	Common Stock, par value $0.001 per share	253,303	$0	253,303(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 168,447 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 253,303 restricted stock units, vesting in three equal annual installments, beginning on the first anniversary of the grant date.

5. Does not include: (i) 733,187 unvested restricted stock units held by the reporting person in connection with grants made on separate dates; or (ii) the 56,150 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).
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FAQ

What transactions did Array Technologies (ARRY) CEO Kevin Hostetler report on March 12, 2026?

Kevin Hostetler reported RSU vesting, a new RSU grant, and tax withholding. 56,149 restricted stock units converted into common shares, and he received 253,303 new RSUs, while 15,194 shares were withheld to cover related tax obligations.

How many Array Technologies shares does the CEO directly hold after this Form 4?

After the reported transactions, Kevin Hostetler directly holds 231,101 shares of Array Technologies common stock. This reflects the RSU conversion into shares and the shares withheld for taxes, as detailed in the March 12, 2026 Form 4 filing.

What RSU grant did Array Technologies’ CEO receive in the latest Form 4 filing?

On March 12, 2026, Kevin Hostetler was granted 253,303 restricted stock units. According to the footnotes, these RSUs vest in three equal annual installments beginning on the first anniversary of the grant date, under the 2020 Long-Term Incentive Plan.

Why were 15,194 Array Technologies shares disposed of at $6.80 in this Form 4?

The 15,194 shares at $6.80 per share were withheld to satisfy tax withholding obligations tied to RSU vesting and settlement. This F-code disposition represents payment of tax liability via shares, not an open-market sale by the CEO.

Does the Array Technologies CEO still hold unvested RSUs after these transactions?

Yes. Footnotes explain that the figures reported do not include 733,187 unvested RSUs from separate grants or the 56,150 unvested RSUs reported in this filing, indicating a substantial remaining unvested RSU position for the CEO.

What does the M transaction code indicate in the Array Technologies CEO’s Form 4?

The M code in the CEO’s Form 4 indicates exercise or conversion of a derivative security. Here, 56,149 restricted stock units were converted into the same number of common stock shares at a $0.00 exercise price, reflecting RSU vesting rather than a market purchase.