Forth John Bradford 4
Research Summary
AI-generated summary
Array Technologies (ARRY) Director Forth John Bradford Receives RSUs, Converts Vested Units
What Happened Forth John Bradford, a director of Array Technologies, had 22,164 restricted stock units (RSUs) that vested on May 19, 2026 and were converted into 22,164 shares (recorded as acquired at $0). Those same 22,164 shares were then recorded as disposed (also at $0) on May 19, 2026. On May 19, 2026 he was also granted 22,641 new RSUs (awarded at $0) that vest on May 18, 2027.
- The conversion/acquisition was reported under the "M" code (exercise or conversion of derivative) and the grant under "A" (award/grant).
- No cash purchase or sale value is reported (transactions listed at $0), consistent with RSU vesting/conversion and a new RSU award.
Key Details
- Transaction date(s): May 19, 2026 (vest/conversion + grant).
- Prices/values: All entries reported at $0.00 (RSU vesting/conversion and award; no cash consideration reported).
- Shares involved: 22,164 shares converted/disposed; 22,641 RSUs newly granted.
- Footnotes: F1 explains each RSU converts to one share on vesting. F2 notes the 22,164 RSUs were granted May 20, 2025 and vested May 19, 2026. F3 notes the 22,641 RSUs granted May 19, 2026 vest May 18, 2027.
- Filing timeliness: Form 4 filed May 21, 2026 for a May 19, 2026 transaction — appears timely (filed within the required reporting window).
- Exhibit: Exhibit 24 (Power of Attorney) included.
Context
- These transactions reflect RSU activity: previously granted RSUs vesting and converting into shares (then recorded as disposed) and a new RSU award. RSU vesting/conversion is not a purchase; the new award is compensation that vests later.
- The filing does not state the reason for the immediate disposition of the converted shares (e.g., tax withholding or transfer). The entry shows no cash proceeds and provides no additional sale details, so avoid inferring motive.