Manning Neil 4

What Happened
Neil Manning, President & COO of Array Technologies (ARRY), had restricted stock units (RSUs) vest and convert into a total of 25,273 shares on March 17–18, 2026. Of those, 6,786 shares were withheld by the company to satisfy tax withholding (1,311 shares withheld on 3/17 at $6.99 and 5,475 shares withheld on 3/18 at $6.86), leaving 18,487 net shares delivered to Manning. Based on the closing prices used for withholding, the vested shares had a gross value of roughly $174,000 and the withheld shares covered about $46,722 in taxes (net value ~ $127,285).

Key Details

• Transaction dates: vesting/conversion on 2026-03-17 (4,882 shares) and 2026-03-18 (20,391 shares); tax-withholding dispositions on the same dates.
• Withholding prices and amounts: 1,311 shares withheld at $6.99 = $9,164; 5,475 shares withheld at $6.86 = $37,559.
• Net shares received: 18,487 (25,273 vested − 6,786 withheld).
• Filing: Form 4 filed 2026-03-19 for report period 2026-03-17 — appears timely (filed within the two-business-day window).
• Footnotes: Vesting was from prior grants — 14,645 RSUs granted 3/17/2023 (vesting in 3 annual installments; 4,882 vested) and 61,174 RSUs granted 3/18/2025 (vesting in 3 annual installments; 20,391 vested). F6 notes an additional 108,571 unvested RSUs held by Manning from other grants.
• Transaction codes: M = conversion of derivative/settlement (RSU settlement to shares); F = shares withheld to satisfy tax withholding.

Context
These entries reflect scheduled RSU vesting and a common cashless tax-withholding settlement (company retains shares to cover taxes) rather than an open-market sale or purchase. The Form 4 reports conversion of RSUs (derivative instruments) into common stock and the related withholding; it does not indicate a directional buy/sell by the insider beyond receiving his vested award.