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Array Technologies (NASDAQ: ARRY) director exercises RSUs and receives new equity grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Array Technologies, Inc. director John Bradford Forth reported equity compensation activity involving common stock and restricted stock units. He exercised 22,164 restricted stock units that had been granted on May 20, 2025 and vested on May 19, 2026, receiving the same number of common shares.

Following this exercise, he directly held 151,020 shares of common stock. On the same date, he also received a new grant of 22,641 restricted stock units under the company’s 2020 Long-Term Incentive Plan, which are scheduled to vest on May 18, 2027.

Positive

  • None.

Negative

  • None.
Insider Forth John Bradford
Role null
Type Security Shares Price Value
Exercise Restricted Stock Units 22,164 $0.00 --
Grant/Award Restricted Stock Units 22,641 $0.00 --
Exercise Common Stock, par value $0.001 per share 22,164 $0.00 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Common Stock, par value $0.001 per share — 151,020 shares (Direct, null)
Footnotes (1)
  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 May 20, 2025, the reporting person was granted 22,164 restricted stock units that vested on May 19, 2026. On May 19, 2026, the reporting person was granted 22,641 restricted stock units, which vest on May 18, 2027.
RSUs exercised 22,164 units Restricted stock units vested and converted on May 19, 2026
Common shares after exercise 151,020 shares Direct holdings following RSU exercise
New RSU grant 22,641 units Grant on May 19, 2026 vesting May 18, 2027
RSU-to-share ratio 1 unit : 1 share Each RSU converts into one share under 2020 plan
Exercise transactions 1 transaction, 22,164 shares Derivative exercise/conversion coded as M
Restricted Stock Units financial
"Each restricted stock unit represents the right to receive, upon vesting, one share of the Issuer's common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2020 Long-Term Incentive Plan financial
"in accordance with the Issuer's 2020 Long-Term Incentive Plan"
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Forth John Bradford
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock, par value $0.001 per share05/19/2026M22,164A$0151,020D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)05/19/2026M22,164 (2) (2)Common Stock, par value $0.001 per share22,164$00D
Restricted Stock Units(1)05/19/2026A22,641 (3) (3)Common Stock, par value $0.001 per share22,641$022,641D
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 May 20, 2025, the reporting person was granted 22,164 restricted stock units that vested on May 19, 2026.
3. On May 19, 2026, the reporting person was granted 22,641 restricted stock units, which vest on May 18, 2027.
Remarks:
Exhibit 24 - Power of Attorney
/s/ Ashton Wiebe as Attorney-in-Fact05/21/2026
** Signature of Reporting PersonDate
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 transactions did Array Technologies (ARRY) report for John Bradford Forth?

Array Technologies reported that director John Bradford Forth exercised 22,164 restricted stock units into common shares and received a new grant of 22,641 restricted stock units. These transactions are equity compensation events rather than open-market stock purchases or sales.

How many Array Technologies (ARRY) shares does John Bradford Forth hold after these transactions?

After exercising 22,164 restricted stock units into common shares, John Bradford Forth directly holds 151,020 shares of Array Technologies common stock. He also holds 22,641 additional restricted stock units that will convert into common shares upon vesting, if service and plan conditions are met.

What restricted stock unit grants did Array Technologies (ARRY) disclose for John Bradford Forth?

The filing shows two restricted stock unit grants. One grant of 22,164 units made on May 20, 2025 vested on May 19, 2026. A new grant of 22,641 units was made on May 19, 2026 and is scheduled to vest on May 18, 2027 under the 2020 plan.

Were John Bradford Forth’s Array Technologies (ARRY) transactions open-market buys or sells?

The reported transactions were not open-market buys or sells. They reflect an exercise of previously granted restricted stock units into common stock and a new grant of restricted stock units as compensation, both at a stated price of $0.00 per unit under the incentive plan.

What is the role of Array Technologies’ 2020 Long-Term Incentive Plan in this Form 4?

The 2020 Long-Term Incentive Plan governs the restricted stock units reported. Each restricted stock unit represents the right to receive one share of common stock upon vesting, and both the vested 22,164 units and new 22,641-unit grant were issued pursuant to this incentive compensation plan.