[SCHEDULE 13G] Array Technologies, Inc. SEC Filing
Rhea-AI Filing Summary
Array Technologies, Inc. is reported as having an institutional stake held by Schroder Investment Management Group and two affiliated advisers totaling 6,499,983 common shares, representing 4.3% of the class. The filing breaks the holdings into three reporting persons with sole voting and dispositive power: Schroder Investment Management Group (3,535,375 shares; 2.4%), Schroder Investment Management (Europe) S.A. (2,291,367 shares; 1.5%) and Schroder Investment Management North America Limited (673,241 shares; 0.4%).
The statement explicitly says the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer, indicating a passive institutional position rather than an activist or control-seeking stake.
Positive
- None.
Negative
- None.
Insights
TL;DR Schroder holds a 4.3% passive stake in ARRY via three affiliates, with sole voting and dispositive power for the reported shares.
Schroder Investment Management Group and its affiliated advisers report aggregate beneficial ownership of 6,499,983 shares (4.3%). The filing lists sole voting and dispositive power for the reported shares, which means the reporting entities directly control voting and disposition for the lots they report. Because the filing states the position is held in the ordinary course and not to influence control, this is classified as a passive institutional holding rather than an activist stake. For valuation impact, the holding is below 5% and is therefore typically considered non-controlling.
TL;DR Ownership is dispersed across Schroder affiliates and formally certified as passive, reducing immediate governance implications for Array Technologies.
The Schedule 13G identifies three Schroder reporting persons with sole voting/dispositive authority over their respective shares. The filings classify the filers as investment advisers and include a certification that the shares were acquired and are held in the ordinary course of business and not to change or influence control. This structure—centralized reporting by a parent group with subsidiary breakdowns—provides transparency about who holds voting rights, but, given the aggregate 4.3% stake and the passive classification, it does not on its face signal a governance shift or control attempt.