[Form 4] Array Technologies, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Array Technologies, Inc. reported that Chief Legal Officer Gina K. Gunning had restricted stock units vest and convert into common shares. On January 30, 2026, 13,386 restricted stock units were settled into the same number of common shares at an exercise price of $0.
To cover tax withholding on this vesting, the company withheld 4,729 common shares at a price of $11.325 per share, leaving Gunning with 8,657 common shares directly owned after the transactions. She also continues to hold 26,774 restricted stock units, from an original grant of 40,160 units made on January 30, 2025 that vests in three equal annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
13,386 shares exercised/converted
Mixed
3 txns
Insider
Gunning Gina K
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 13,386 | $0.00 | -- |
| Exercise | Common Stock, par value $0.001 per share | 13,386 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.001 per share | 4,729 | $11.325 | $54K |
Holdings After Transaction:
Restricted Stock Units — 26,774 shares (Direct);
Common Stock, par value $0.001 per share — 13,386 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 January 30, 2026. On January 30, 2025, the reporting person was granted 40,160 restricted stock units, vesting in three equal annual installments, beginning on the first anniversary of the grant date.
FAQ
What insider transaction did Array Technologies (ARRY) disclose for Gina K. Gunning?
Array Technologies disclosed that Chief Legal Officer Gina K. Gunning had 13,386 restricted stock units vest and convert into common shares on January 30, 2026. These units were granted under the company’s 2020 Long-Term Incentive Plan as part of her equity compensation.
What are the terms of Gina K. Gunning’s 40,160 restricted stock unit grant at Array Technologies?
Gina K. Gunning received 40,160 restricted stock units on January 30, 2025, vesting in three equal annual installments beginning on the first anniversary of the grant date. Each unit entitles her to receive one share of common stock upon vesting.
What does the RSU transaction code “M” mean in the Array Technologies Form 4 filing?
In this Form 4, the transaction code “M” indicates the conversion of derivative securities, here restricted stock units, into common stock. On January 30, 2026, 13,386 restricted stock units were converted into the same number of Array Technologies common shares at an exercise price of $0.
How many restricted stock units does Gina K. Gunning still hold in Array Technologies after the vesting event?
Following the January 30, 2026 vesting, Gina K. Gunning beneficially owned 26,774 restricted stock units. These remaining units come from her original 40,160-unit grant and are scheduled to vest in later installments under the grant’s three-year vesting schedule.