Hostetler Kevin G. 4

What Happened
Kevin G. Hostetler, CEO of Array Technologies (ARRY), had restricted stock units (RSUs) vest and convert into 160,217 shares on March 17–18, 2026 (35,150 on 3/17 and 125,067 on 3/18). To satisfy tax withholding, the company withheld 14,711 shares on 3/17 (withholding price $6.99, value $102,830) and 52,341 shares on 3/18 (withholding price $6.86, value $359,059), for a total tax-withheld cash value of $461,889. The RSU settlements are reported as derivative exercises (code M) and the withholding as tax payment (code F).

Key Details

• Transaction dates: March 17, 2026 (35,150 shares vested; 14,711 withheld) and March 18, 2026 (125,067 shares vested; 52,341 withheld).
• Withholding prices and amounts: 14,711 shares @ $6.99 = $102,830; 52,341 shares @ $6.86 = $359,059; total ≈ $461,889.
• Gross shares issued on vesting: 160,217; shares withheld for taxes: 67,052; net new shares retained by Hostetler: 93,165.
• Footnotes: RSUs granted under the 2020 Long-Term Incentive Plan. Grants referenced: 105,448 RSUs (granted 3/17/2023) and 375,203 RSUs (granted 3/18/2025). Filing notes an additional 632,287 unvested RSUs from other grants.
• Transaction codes: M = exercise/conversion of derivative (RSU settlement); F = tax withholding to satisfy tax obligations.
• Filing: Form 4 filed March 19, 2026; transactions appear to be reported timely.

Context
These transactions reflect routine RSU vesting and a cashless withholding for taxes (company retained shares rather than a market sale). Withheld shares to cover taxes are not the same as an open-market sale and do not necessarily indicate CEO sentiment about the stock. For investors, outright purchases by insiders tend to be more informative than routine vesting and tax-withholding events.