Array Technologies (NASDAQ: ARRY) HR chief receives RSU grant and settles taxes with shares
Rhea-AI Filing Summary
Array Technologies, Inc. Chief Human Resources Officer Terrance L. Collins reported equity compensation and related tax withholding. On March 12, 2026, restricted stock units covering 8,628 shares of common stock vested and were converted into the same number of common shares.
On the same date, Collins received a new grant of 41,299 restricted stock units under the company’s 2020 Long-Term Incentive Plan, which will vest in three equal annual installments beginning on the first anniversary of the grant. To cover tax withholding on the vesting, 2,818 shares of common stock were withheld by the company at a price of $6.80 per share.
After these transactions, Collins directly holds 44,235 shares of common stock. Footnote disclosure states this does not include 116,932 unvested restricted stock units from earlier grants or 8,628 unvested restricted stock units referenced in the current award activity.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 8,628 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 41,299 | $0.00 | -- |
| Exercise | Common Stock, par value $0.001 per share | 8,628 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.001 per share | 2,818 | $6.80 | $19K |
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. 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 25,883 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 41,299 restricted stock units, vesting in three equal annual installments, beginning on the first anniversary of the grant date. Does not include: (i) 116,932 unvested restricted stock units held by the reporting person in connection with grants made on separate dates; or (ii) the 8,628 unvested restricted stock units reported above.