Hostetler Kevin G. 4

4 · Array Technologies, Inc. · Filed Mar 16, 2026

AI-generated summary of this filing

Updated Mar 16, 2026

Array (ARRY) CEO Kevin Hostetler Receives RSUs; Tax Withholding

What Happened

Kevin G. Hostetler, CEO of Array Technologies (ARRY), received a grant of 253,303 restricted stock units (RSUs) on March 12, 2026. On the same date, ~56,149 RSUs were settled (conversion/exercise), and 15,194 shares were withheld to satisfy tax withholding obligations (value of withheld shares: $103,319 at $6.80 per share).
Transaction codes in the filing: A = award/grant (253,303 RSUs acquired), M = exercise/conversion of derivative (56,149 RSUs settled), F = shares withheld for taxes (15,194 shares disposed). The RSU grants and settlements were net (tax-withholding) events rather than open-market buys or sells.

Key Details

Transaction date: March 12, 2026; Form 4 filed March 16, 2026 (timely; within the two-business-day filing window).
Withholding price: 15,194 shares withheld at $6.80 per share = $103,319 paid to cover taxes (footnote F2).
Vesting: The 253,303 RSUs granted on March 12, 2026 vest in three equal annual installments beginning on the first anniversary of the grant (footnote F4).
Other RSUs: Filing references prior grants (e.g., 168,447 RSUs from 3/12/2024) and notes the reporting person holds additional unvested RSUs (footnote F5).
Shares owned after transaction: the filing does not give a single consolidated “shares owned” number; the CEO continues to hold multiple unvested RSU grants (see footnotes for counts).

Context

These were RSU grant and settlement events, not an open-market purchase or discretionary sale. The settlement included a standard tax-withholding portion (cashless/net settlement), which is common when RSUs vest.
RSU grants and routine tax-withholdings are typical executive compensation actions and do not by themselves indicate a buy or sell signal. The grant vests over time, so its economic exposure is delayed.

Form 4

Period: 2026-03-12

DirectorChief Executive Officer

Transactions

Exercise/Conversion
Common Stock, par value $0.001 per share
[F1]
2026-03-12+56,149→ 246,295 total
Tax Payment
Common Stock, par value $0.001 per share
[F2]
2026-03-12$6.80/sh−15,194$103,319→ 231,101 total
Exercise/Conversion
Restricted Stock Units
[F1][F3]
2026-03-12−56,149→ 56,150 total
→ Common Stock, par value $0.001 per share (56,149 underlying)
Award
Restricted Stock Units
[F1][F4][F5]
2026-03-12+253,303→ 253,303 total
→ Common Stock, par value $0.001 per share (253,303 underlying)

Footnotes (5)

[F1]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.
[F2]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 12, 2026.
[F3]On March 12, 2024, the reporting person was granted 168,447 restricted stock units, vesting in three equal annual installments, beginning on the first anniversary of the grant date.
[F4]On March 12, 2026, the reporting person was granted 253,303 restricted stock units, vesting in three equal annual installments, beginning on the first anniversary of the grant date.
[F5]Does not include: (i) 733,187 unvested restricted stock units held by the reporting person in connection with grants made on separate dates; or (ii) the 56,150 unvested restricted stock units reported above.

Signature

/s/ Ashton Wiebe as Attorney-in-Fact|2026-03-16

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