Gunning Gina K 4

What Happened
Gina K. Gunning, Chief Legal Officer of Array Technologies (ARRY), had 21,886 restricted stock units (RSUs) vest and convert into 21,886 shares on March 18, 2026. To cover tax withholding, 5,877 of those shares were withheld by the issuer at $6.86 per share, totaling $40,316. After withholding, Gunning received a net 16,009 shares. This was a routine award settlement (not an open-market purchase or sale).

Key Details

• Transaction date: March 18, 2026; Form 4 filed March 19, 2026 (timely).
• Primary transaction: 21,886 RSUs vested and converted to common shares (derivative conversion / code M).
• Tax withholding: 5,877 shares withheld (code F) at $6.86/share = $40,316; withholding amount based on closing price on March 18, 2026 (footnote).
• Net shares issued to insider: 16,009 (21,886 vested − 5,877 withheld).
• Grant background: These RSUs were part of a March 18, 2025 grant of 65,660 RSUs vesting in three equal annual installments (this appears to be the first installment).
• Other holdings: Filing notes the reporting person also holds 71,102 unvested RSUs from other grants.
• Filing type: Settlement of awards — not a market purchase or sale; no 10b5-1 plan or late filing flagged.

Context
This was a settlement of vested RSUs (no cash exercise price), effectively a cashless settlement where shares are withheld to satisfy tax obligations. Such transactions are routine for employee equity compensation and do not, by themselves, indicate a purchase-driven bullish signal or a voluntary sale.