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

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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.

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Insights

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.

Insider Hostetler Kevin G.
Role Chief Executive Officer
Type Security Shares Price Value
Exercise Restricted Stock Units 56,149 $0.00 --
Grant/Award Restricted Stock Units 253,303 $0.00 --
Exercise Common Stock, par value $0.001 per share 56,149 $0.00 --
Tax Withholding Common Stock, par value $0.001 per share 15,194 $6.80 $103K
Holdings After Transaction: Restricted Stock Units — 56,150 shares (Direct); Common Stock, par value $0.001 per share — 246,295 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 168,447 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 253,303 restricted stock units, vesting in three equal annual installments, beginning on the first anniversary of the grant date. 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.
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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*
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).
** 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 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.