Array director exercises RSUs, gets new grant
Array Technologies, Inc. director John Bradford Forth reported equity compensation activity involving common stock and restricted stock units.
Rhea-AI Filing Summary
Array Technologies, Inc. director John Bradford Forth reported equity compensation activity involving common stock and restricted stock units. He exercised 22,164 restricted stock units that had been granted on May 20, 2025 and vested on May 19, 2026, receiving the same number of common shares.
Following this exercise, he directly held 151,020 shares of common stock. On the same date, he also received a new grant of 22,641 restricted stock units under the company’s 2020 Long-Term Incentive Plan, which are scheduled to vest on May 18, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
22,164 shares exercised/converted
Exercise
3 txns
Insider
Forth John Bradford
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 — 151,020 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 exercised: 22,164 units
Common shares after exercise: 151,020 shares
New RSU grant: 22,641 units
+2 more
5 metrics
RSUs exercised
22,164 units
Restricted stock units vested and converted on May 19, 2026
Common shares after exercise
151,020 shares
Direct holdings following RSU exercise
New RSU grant
22,641 units
Grant on May 19, 2026 vesting May 18, 2027
RSU-to-share ratio
1 unit : 1 share
Each RSU converts into one share under 2020 plan
Exercise transactions
1 transaction, 22,164 shares
Derivative exercise/conversion coded as M
Key Terms
Restricted Stock Units, 2020 Long-Term Incentive Plan, derivative security
3 terms
Restricted Stock Units financial
"Each restricted stock unit represents the right to receive, upon vesting, one share of the Issuer's common stock"
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.
2020 Long-Term Incentive Plan financial
"in accordance with the Issuer's 2020 Long-Term Incentive Plan"
derivative security financial
"transaction_code_description: 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Array Technologies (ARRY) report for John Bradford Forth?
Array Technologies reported that director John Bradford Forth exercised 22,164 restricted stock units into common shares and received a new grant of 22,641 restricted stock units. These transactions are equity compensation events rather than open-market stock purchases or sales.
What restricted stock unit grants did Array Technologies (ARRY) disclose for John Bradford Forth?
The filing shows two restricted stock unit grants. One grant of 22,164 units made on May 20, 2025 vested on May 19, 2026. A new grant of 22,641 units was made on May 19, 2026 and is scheduled to vest on May 18, 2027 under the 2020 plan.
Were John Bradford Forth’s Array Technologies (ARRY) transactions open-market buys or sells?
The reported transactions were not open-market buys or sells. They reflect an exercise of previously granted restricted stock units into common stock and a new grant of restricted stock units as compensation, both at a stated price of $0.00 per unit under the incentive plan.
What is the role of Array Technologies’ 2020 Long-Term Incentive Plan in this Form 4?
The 2020 Long-Term Incentive Plan governs the restricted stock units reported. Each restricted stock unit represents the right to receive one share of common stock upon vesting, and both the vested 22,164 units and new 22,641-unit grant were issued pursuant to this incentive compensation plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
