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Array Technologies (NASDAQ: ARRY) awards 44,328 RSUs to chief legal officer

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Gunning Gina K

(Last) (First) (Middle)
3901 MIDWAY PLACE NE

(Street)
ALBUQUERQUE NM 87109

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Array Technologies, Inc. [ ARRY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Legal Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 03/12/2026 A 44,328 (2) (2) Common Stock, par value $0.001 per share 44,328 $0 44,328(3) D
Explanation of Responses:
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.
2. 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.
3. Does not include 92,434 unvested restricted stock units held by the reporting person in connection with grants made on separate dates.
Remarks:
/s/ Ashton Wiebe as Attorney-in-Fact 03/16/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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.
Array Technologies, Inc.

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