Hostetler Kevin G. 4

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.