Array director gets RSUs, exercises 22,164 shares
Array Technologies, Inc. director Gerrard Schmid reported equity compensation activity involving restricted stock units (RSUs) and common shares.
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
22,164 shares exercised/converted
Exercise
3 txns
Insider
Schmid Gerrard
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 22,164 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 22,641 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.001 per share | 22,164 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 22,641 contracts (Direct);
Common Stock, par value $0.001 per share — 85,785 shares (Direct)
Footnotes (3)
- 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 2020 Long-Term Incentive Plan.
- F2. On May 20, 2025, the reporting person was granted 22,164 restricted stock units that vested on May 19, 2026.
- F3. 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."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
