Array Technologies (ARRY) COO settles RSUs, withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Array Technologies, Inc. President & COO Neil Manning reported the vesting and settlement of 3,749 restricted stock units into the same number of common shares under the company’s 2020 Long-Term Incentive Plan. These RSUs come from an 11,246-unit grant dated February 15, 2023, vesting in three equal annual installments.
To cover tax withholding obligations tied to this vesting, 1,206 common shares were withheld at a price of $11.29 per share, based on the closing price on February 17, 2026, the next business day after vesting. After these transactions, Manning directly holds 29,832 common shares and also holds 141,545 unvested restricted stock units from separate grants.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,749 shares exercised/converted
Mixed
3 txns
Insider
Manning Neil
Role
President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,749 | $0.00 | -- |
| Exercise | Common Stock, par value $0.001 per share | 3,749 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.001 per share | 1,206 | $11.29 | $14K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock, par value $0.001 per share — 31,038 shares (Direct)
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 February 17, 2026, the next business day after the vesting date. On February 15, 2023, the reporting person was granted 11,246 restricted stock units, vesting in three equal annual installments, beginning on the first anniversary of the grant date. Does not include 141,545 unvested restricted stock units held by the Reporting Person in connection with grants made on separate dates.