Array Technologies (NASDAQ: ARRY) CLO RSUs vest, shares withheld for taxes

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Array Technologies, Inc. reported that Chief Legal Officer Gina K. Gunning had 21,886 restricted stock units convert into common shares on March 18, 2026 under the company’s 2020 Long-Term Incentive Plan. Each unit represents one share of common stock.

To cover tax withholding obligations at a price of $6.86 per share, the company withheld 5,877 of the newly delivered shares, leaving Gunning with 24,666 common shares held directly after these transactions. She also continues to hold 71,102 unvested restricted stock units from grants made on separate dates, including a 65,660-unit grant from March 18, 2025 that vests in three equal annual installments.

Insider Trade Summary

21,886 shares exercised/converted

Mixed 3 txns

Insider Gunning Gina K

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	21,886	$0.00	--
Exercise	Common Stock, par value $0.001 per share	21,886	$0.00	--
Tax Withholding	Common Stock, par value $0.001 per share	5,877	$6.86	$40K

Holdings After Transaction: Restricted Stock Units — 43,774 shares (Direct); Common Stock, par value $0.001 per share — 30,543 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 March 18, 2026. On March 18, 2025, the reporting person was granted 65,660 restricted stock units, vesting in three equal annual installments, beginning on the first anniversary of the grant date. Does not include 71,102 unvested restricted stock units held by the reporting person in connection with grants made on separate dates.

Form 4 Insider Transactions: What Each Field Means →

03/19/2026 - 09:06 PM

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
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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

NEW MEXICO

87109

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.001 per share	03/18/2026		M		21,886	A	⁽¹⁾	30,543	D
Common Stock, par value $0.001 per share	03/18/2026		F		5,877⁽²⁾	D	$6.86	24,666	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	03/18/2026		M			21,886	⁽³⁾	⁽³⁾	Common Stock, par value $0.001 per share	21,886	$0	43,774⁽⁴⁾	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. 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 March 18, 2026.

3. On March 18, 2025, the reporting person was granted 65,660 restricted stock units, vesting in three equal annual installments, beginning on the first anniversary of the grant date.

4. Does not include 71,102 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	03/19/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Array Technologies (ARRY) report for Gina Gunning?

Array Technologies reported that Chief Legal Officer Gina K. Gunning had 21,886 restricted stock units convert into common shares. These shares were delivered under the company’s 2020 Long-Term Incentive Plan following a scheduled vesting event on March 18, 2026.

How many Array Technologies (ARRY) shares were withheld for taxes in this Form 4?

The company withheld 5,877 Array Technologies common shares to satisfy Gina Gunning’s tax withholding obligations. The withholding amount was calculated using the closing price of the stock on March 18, 2026, in connection with the vesting of restricted stock units.

How many Array Technologies (ARRY) shares does Gina Gunning hold after the reported transactions?

After the reported transactions, Gina Gunning directly holds 24,666 shares of Array Technologies common stock. This figure reflects the net position following delivery of vested shares and the withholding of 5,877 shares to cover tax obligations on March 18, 2026.

What is the origin of the restricted stock units in Gina Gunning’s Array Technologies Form 4?

The restricted stock units originated from a grant of 65,660 units awarded on March 18, 2025. That grant vests in three equal annual installments beginning on the first anniversary of the grant date, as part of Array Technologies’ 2020 Long-Term Incentive Plan.

Does Gina Gunning still hold unvested restricted stock units in Array Technologies (ARRY)?

Yes. Gina Gunning continues to hold 71,102 unvested restricted stock units in Array Technologies. These unvested units are associated with grants made on separate dates and are in addition to her directly held 24,666 common shares after the reported vesting and tax withholding.

Was the disposition in Gina Gunning’s Array Technologies Form 4 an open-market sale?

No. The disposition involved 5,877 shares withheld by Array Technologies solely to satisfy tax withholding obligations. According to the Form 4, these shares were not sold in the open market but delivered back to the issuer in connection with the RSU vesting.