Array Technologies (NASDAQ: ARRY) director receives RSUs, exercises 22,164 shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Array Technologies, Inc. director Gerrard Schmid reported equity compensation activity involving restricted stock units (RSUs) and common shares. On May 19, 2026, 22,164 RSUs granted on May 20, 2025 vested and were exercised into 22,164 shares of common stock, with no associated sale.

On the same date, Schmid received a new grant of 22,641 RSUs, scheduled to vest on May 18, 2027, each representing one share of common stock upon vesting under the company’s 2020 Long-Term Incentive Plan. Following these transactions, Schmid directly holds 85,785 shares of common stock, and the vested RSU award from 2025 has been fully converted.

Insider Trade Summary

22,164 shares exercised/converted

Mixed 3 txns

Insider Schmid Gerrard

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	22,164	$0.00	--
Grant/Award	Restricted Stock Units	22,641	$0.00	--
Exercise	Common Stock, par value $0.001 per share	22,164	$0.00	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Common Stock, par value $0.001 per share — 85,785 shares (Direct, null)

Footnotes (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. On May 20, 2025, the reporting person was granted 22,164 restricted stock units that vested on May 19, 2026. On May 19, 2026, the reporting person was granted 22,641 restricted stock units, which vest on May 18, 2027.

Key Figures

RSUs vested into shares: 22,164 shares New RSU grant: 22,641 RSUs Shares held after transactions: 85,785 shares +3 more

6 metrics

RSUs vested into shares 22,164 shares RSUs granted May 20, 2025; vested May 19, 2026

New RSU grant 22,641 RSUs Granted May 19, 2026; vesting May 18, 2027

Shares held after transactions 85,785 shares Common stock directly owned after May 19, 2026 activity

RSU-to-share conversion price $0.00 per RSU Exercise/conversion price for RSU-related transactions

Exercise transactions count 1 exercise Derivative exercise/conversion recorded in transaction summary

Total acquire-type transactions 3 transactions All reported as acquisitions on May 19, 2026

Key Terms

Restricted Stock Units, derivative security, 2020 Long-Term Incentive Plan

3 terms

Restricted Stock Units financial

"On May 19, 2026, the reporting person was granted 22,641 restricted stock units, which vest on May 18, 2027."

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.

derivative security financial

"Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

2020 Long-Term Incentive Plan financial

"one share of the Issuer's common stock in accordance with the Issuer's 2020 Long-Term Incentive Plan."

Form 4 Insider Transactions: What Each Field Means →

05/21/2026 - 03:17 PM

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^*

Schmid Gerrard

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.001 per share	05/19/2026		M		22,164	A	$0	85,785	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	05/19/2026		M			22,164	⁽²⁾	⁽²⁾	Common Stock, par value $0.001 per share	22,164	$0	0	D
Restricted Stock Units	⁽¹⁾	05/19/2026		A		22,641		⁽³⁾	⁽³⁾	Common Stock, par value $0.001 per share	22,641	$0	22,641	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 May 20, 2025, the reporting person was granted 22,164 restricted stock units that vested on May 19, 2026.

3. On May 19, 2026, the reporting person was granted 22,641 restricted stock units, which vest on May 18, 2027.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Ashton Wiebe as Attorney-in-Fact	05/21/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did Array Technologies (ARRY) report for Gerrard Schmid?

Array Technologies director Gerrard Schmid reported equity compensation activity, not open-market trading. RSUs granted earlier vested into common stock, and he also received a new RSU grant on May 19, 2026 under the company’s 2020 Long-Term Incentive Plan.

How many Array Technologies (ARRY) shares did Gerrard Schmid acquire through vesting?

Schmid acquired 22,164 Array Technologies common shares when an equal number of restricted stock units vested on May 19, 2026. These RSUs were originally granted on May 20, 2025 and converted into common stock without any reported sale in this filing.

What new RSU grant did Gerrard Schmid receive from Array Technologies (ARRY)?

On May 19, 2026, Schmid received 22,641 new restricted stock units from Array Technologies. Each RSU represents one future share of common stock and is scheduled to vest on May 18, 2027, in accordance with the company’s 2020 Long-Term Incentive Plan.

Did Gerrard Schmid sell any Array Technologies (ARRY) shares in this Form 4?

No sales were reported. The Form 4 shows RSUs vesting into 22,164 common shares and a separate grant of 22,641 new RSUs. All reported transactions are classified as acquisitions or exercises, with no disposition or open-market sale listed.

How many Array Technologies (ARRY) shares does Gerrard Schmid hold after these transactions?

After the reported vesting and grant activity, Schmid directly holds 85,785 shares of Array Technologies common stock. This figure reflects his position following the RSU-to-share conversion on May 19, 2026 disclosed in the Form 4 data.

What is the role of RSUs in Gerrard Schmid’s compensation at Array Technologies (ARRY)?

Restricted stock units form part of Schmid’s equity compensation. Each RSU converts into one share of common stock upon vesting under the 2020 Long-Term Incentive Plan, aligning director compensation with long-term company performance rather than short-term trading activity.