Gunning Gina K 4

What Happened Gina K. Gunning, Chief Legal Officer of Array Technologies (ARRY), received a grant of 44,328 restricted stock units (RSUs) on March 12, 2026. The RSUs were reported as a derivative award (transaction code A) at $0.00 per unit; RSUs represent the right to receive one share of common stock upon vesting. The award vests in three equal annual installments beginning on the first anniversary of the grant.

Key Details

• Transaction date: 2026-03-12 (reported on Form 4 filed 2026-03-16). Filing appears timely (filed within the two-business-day window).
• Transaction type: Grant/award of RSUs (derivative) — 44,328 units at $0.00 reported price.
• Vesting: Three equal annual installments, starting on March 12, 2027 (per footnote).
• Shares owned after transaction: Not specified in the summary; filing notes the reporting person also holds 92,434 unvested RSUs from prior grants.
• Footnotes: F1 confirms each RSU converts to one share upon vesting; F2 describes the three-year vesting; F3 discloses 92,434 additional unvested RSUs from separate grants.
• No sale or purchase of shares occurred in this transaction (compensation award).

Context RSU grants are a common form of executive compensation and do not involve an immediate cash purchase or sale of company stock. They become actual shares (and may trigger tax/withholding events) only as they vest. Such awards are routine for retention/compensation purposes and should be interpreted as compensation disclosure rather than a direct indicator of insider buying or selling.