Manning Neil 4

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

AI-generated summary of this filing

Updated Mar 16, 2026

Array (ARRY) President Neil Manning Receives RSU Award

What Happened

Neil Manning, President & COO of Array Technologies (ARRY), received a grant of 41,299 restricted stock units (RSUs) on March 12, 2026. The filing also shows the conversion/settlement of 8,217 derivative units on the same date.
To satisfy tax withholding related to the settlement, 2,611 shares were withheld at $6.80 per share (withholding value reported as $17,755). Several entries in the filing list the derivative conversion/exercise and a corresponding disposition entry; the grant itself is reported as an award (A) at $0.00 (standard for RSU awards).

Key Details

Transaction date: March 12, 2026; Form 4 filed March 16, 2026 (filed 4 days after the transaction — Form 4s are generally required within 2 business days).
Grant: 41,299 RSUs (code A); vesting: three equal annual installments beginning on the first anniversary of the grant (per footnote).
Settlement/conversion: 8,217 derivative units reported as exercised/converted (codes M); 2,611 shares withheld for taxes (code F) at $6.80/share = $17,755.
Footnotes: F1 defines RSUs (one share per unit on vesting); F2 confirms shares were withheld to satisfy tax withholding based on the March 12 close price; F3 references a March 12, 2024 grant of 24,650 RSUs (vesting over three years); F4 documents the March 12, 2026 grant of 41,299 RSUs; F5 notes there are additional unvested RSUs (125,111) plus the 8,217 unvested units referenced.
Shares owned after the transaction: not specified in the provided filing summary.

Context

These entries reflect executive compensation activity (RSU grant and settlement) rather than an open-market buy or voluntary sale. The withholding of 2,611 shares to cover taxes is a common cashless-type settlement practice and should not be read as a bearish sale signal.
For retail investors, note that awards and settlements are routine compensation events; purchases are generally more informative about insider sentiment than routine grants or tax withholdings.

Form 4

Period: 2026-03-12

President & COO

Transactions

Exercise/Conversion
Common Stock, par value $0.001 per share
[F1]
2026-03-12+8,217→ 38,049 total
Tax Payment
Common Stock, par value $0.001 per share
[F2]
2026-03-12$6.80/sh−2,611$17,755→ 35,438 total
Exercise/Conversion
Restricted Stock Units
[F1][F3]
2026-03-12−8,217→ 8,217 total
→ Common Stock, par value $0.001 per share (8,217 underlying)
Award
Restricted Stock Units
[F1][F4][F5]
2026-03-12+41,299→ 41,299 total
→ Common Stock, par value $0.001 per share (41,299 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 24,650 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 41,299 restricted stock units, vesting in three equal annual installments, beginning on the first anniversary of the grant date.
[F5]Does not include: (i) 125,111 unvested restricted stock units held by the reporting person in connection with grants made on separate dates; or (ii) the 8,217 unvested restricted stock units reported above.

Signature

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

1 file