Array Technologies (NASDAQ: ARRY) awards CFO 82,599 RSUs over 3 years

Rhea-AI Filing Summary

Array Technologies, Inc. reported that Chief Financial Officer Jennings H. Keith received a grant of 82,599 restricted stock units (RSUs) on March 12, 2026 under the company’s 2020 Long-Term Incentive Plan. Each RSU will convert into one common share as it vests.

The RSUs vest in three equal annual installments starting on the first anniversary of the grant date, tying the award to multi‑year service. The filing notes this grant is separate from 197,087 unvested RSUs previously awarded to the executive.

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^*

Jennings H. Keith

(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)

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

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		A		82,599		(2)	(2)	Common Stock, par value $0.001 per share	82,599	$0	82,599(3)	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. On March 12, 2026, the reporting person was granted 82,599 restricted stock units, vesting in three equal annual installments, beginning on the first anniversary of the grant date.

3. Does not include 197,087 unvested restricted stock units held by the reporting person in connection with grants made on separate dates.

Remarks:

Exhibit 24 - Power of Attorney

	/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.
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FAQ

What insider transaction did Array Technologies (ARRY) report for CFO Jennings H. Keith?

Array Technologies reported that CFO Jennings H. Keith received a grant of 82,599 restricted stock units. These RSUs were awarded under the company’s 2020 Long-Term Incentive Plan and represent additional equity-based compensation tied to future vesting and continued employment.

How many restricted stock units did Array Technologies grant to its CFO in this Form 4?

The Form 4 shows a grant of 82,599 restricted stock units to the CFO. Each unit represents the right to receive one share of common stock upon vesting, providing a direct link between executive compensation and future company share performance.

What is the vesting schedule for the 82,599 RSUs granted to the Array Technologies CFO?

The 82,599 RSUs vest in three equal annual installments starting on the first anniversary of the March 12, 2026 grant date. This structure encourages multi‑year retention and aligns the CFO’s equity rewards with longer-term company performance.

Are there additional unvested RSUs held by Array Technologies CFO beyond this new grant?

Yes. The filing notes that the reported grant does not include 197,087 unvested RSUs from earlier awards. These prior grants are separate but add to the CFO’s overall unvested equity position, further linking compensation to future stock performance and service.

Does the Array Technologies Form 4 show a purchase or sale of ARRY shares by the CFO?

The Form 4 reflects an acquisition of 82,599 restricted stock units as a compensation grant, not an open-market purchase or sale. The transaction is coded as an award of derivatives that may settle into common stock as vesting conditions are met.