Array Technologies (NASDAQ: ARRY) awards 44,328 RSUs to chief legal officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gunning Gina K reported acquisition or exercise transactions in this Form 4 filing.
Array Technologies, Inc. reported that its chief legal officer, Gina K. Gunning, received a grant of 44,328 restricted stock units. Each unit represents the right to receive one share of common stock upon vesting under the company’s 2020 Long-Term Incentive Plan.
The award vests in three equal annual installments beginning on the first anniversary of the March 12, 2026 grant date, aligning compensation with ongoing service. A footnote also notes that Gunning holds 92,434 additional unvested restricted stock units from earlier grants.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gunning Gina K
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 44,328 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 44,328 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. On March 12, 2026, the reporting person was granted 44,328 restricted stock units, vesting in three equal annual installments, beginning on the first anniversary of the grant date. Does not include 92,434 unvested restricted stock units held by the reporting person in connection with grants made on separate dates.
FAQ
What did Array Technologies (ARRY) disclose in Gina K. Gunning’s latest Form 4?
Array Technologies disclosed that chief legal officer Gina K. Gunning received a grant of 44,328 restricted stock units. These units are part of equity compensation and vest over time, giving her the right to receive common shares as they vest under the 2020 Long-Term Incentive Plan.
How many restricted stock units did Array Technologies’ CLO receive on March 12, 2026?
On March 12, 2026, Gina K. Gunning received 44,328 restricted stock units from Array Technologies. This equity award is recorded at a price of $0.0000 per unit in the Form 4 and represents a grant, not an open-market stock purchase or sale.
When do the 44,328 RSUs granted to ARRY’s chief legal officer vest?
The 44,328 restricted stock units vest in three equal annual installments. Vesting begins on the first anniversary of the March 12, 2026 grant date, meaning one-third vests each year over three years, subject to the terms of Array Technologies’ 2020 Long-Term Incentive Plan.
What does each restricted stock unit represent for Array Technologies (ARRY)?
Each restricted stock unit represents the right to receive one share of Array Technologies’ common stock upon vesting. The units are issued under the company’s 2020 Long-Term Incentive Plan and convert into shares only as vesting conditions are satisfied over the award’s scheduled period.
Does Gina K. Gunning hold additional unvested RSUs in Array Technologies beyond this grant?
Yes. A footnote states that the reported holdings do not include 92,434 unvested restricted stock units from separate prior grants. These earlier awards are in addition to the newly granted 44,328 RSUs and also remain subject to their own vesting schedules and conditions.