Collins Terrance L 4

4 · Array Technologies, Inc. · Filed Mar 19, 2026

AI-generated summary of this filing

Updated Mar 20, 2026

Array Technologies (ARRY) CHRO Terrance L. Collins Exercises RSUs

What Happened

Terrance L. Collins, Chief Human Resources Officer at Array Technologies (ARRY), had restricted stock units (RSUs) vest and convert into common shares on March 17–18, 2026. A total of 26,543 shares were issued upon vesting (6,152 on 3/17 and 20,391 on 3/18).
The company withheld 1,683 shares on March 17 (valued at $6.99/share = $11,764) and 5,577 shares on March 18 (valued at $6.86/share = $38,258) to satisfy tax withholding, for a total withholding value of $50,022. After withholding, Collins received a net increase of 19,283 shares (26,543 gross − 7,260 withheld).
This was not an open-market sale or purchase by Collins but the routine vesting/settlement of employee RSUs with share-withholding used to cover taxes.

Key Details

Transaction dates and actions: 2026-03-17 and 2026-03-18 — RSU conversion to shares (transaction code M) and share withholding for taxes (code F).
Shares issued on vesting: 6,152 (3/17) + 20,391 (3/18) = 26,543 shares.
Shares withheld for taxes: 1,683 (3/17, $6.99) + 5,577 (3/18, $6.86) = 7,260 shares; total withholding value ≈ $50,022.
Net new shares to insider: 19,283 shares added to Collins’ holdings from these settlements.
Footnotes: These RSU settlements relate to grants made 3/17/2023 (18,453 RSUs, vesting in three equal annual installments) and 3/18/2025 (61,174 RSUs, vesting in three equal annual installments). The filing notes an additional 99,533 unvested RSUs held by Collins from other grants.
Filing timeliness: Report filed 2026-03-19 for transactions on 3/17–3/18; appears to be filed within the usual Form 4 reporting window.

Context

M (derivative conversion) entries indicate RSUs vested and were converted into shares at no exercise price (typical for RSUs). F entries reflect share-withholding (a “sell-to-cover” by the issuer) to pay taxes — a routine administrative step, not an indication of a market sale intent.
These transactions are award settlements rather than discretionary purchases or sales by the insider; purchases typically signal stronger insider conviction, while routine RSU vesting is more neutral.

Form 4

Period: 2026-03-17

Chief Human Resources Officer

Transactions

Exercise/Conversion
Common Stock, par value $0.001 per share
[F1]
2026-03-17+6,152→ 50,387 total
Tax Payment
Common Stock, par value $0.001 per share
[F2]
2026-03-17$6.99/sh−1,683$11,764→ 48,704 total
Exercise/Conversion
Common Stock, par value $0.001 per share
[F1]
2026-03-18+20,391→ 69,095 total
Tax Payment
Common Stock, par value $0.001 per share
[F3]
2026-03-18$6.86/sh−5,577$38,258→ 63,518 total
Exercise/Conversion
Restricted Stock Units
[F1][F4]
2026-03-17−6,152→ 0 total
→ Common Stock, par value $0.001 per share (6,152 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F5][F6]
2026-03-18−20,391→ 40,783 total
→ Common Stock, par value $0.001 per share (20,391 underlying)

Footnotes (6)

[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 17, 2026.
[F3]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 18, 2026.
[F4]On March 17, 2023, the reporting person was granted 18,453 restricted stock units, vesting in three equal annual installments, beginning on the first anniversary of the grant date.
[F5]On March 18, 2025, the reporting person was granted 61,174 restricted stock units, vesting in three equal annual installments, beginning on the first anniversary of the grant date.
[F6]Does not include 99,533 unvested restricted stock units held by the reporting person in connection with grants made on separate dates.

Signature

/s/ Ashton Wiebe as Attorney-in-Fact|2026-03-19

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