Array (ARRY) CHRO Terrance Collins Receives 32,739 Shares

What Happened
Terrance L. Collins, Chief Human Resources Officer of Array Technologies (ARRY), had 32,739 restricted stock units (RSUs) vest and convert into common shares on September 24, 2026. Of the 32,739 shares delivered, 8,955 shares were withheld by the issuer to satisfy tax withholding obligations at $3.93 per share, totaling $35,193. The transaction resulted in a net issuance to Collins of 23,784 shares (32,739 vested — 8,955 withheld). This is a routine compensation vesting event, not an open-market purchase or sale.

Key Details

• Transaction date: September 24, 2026.
• Conversion/vesting: 32,739 RSUs converted to 32,739 shares (SEC code M).
• Tax withholding: 8,955 shares withheld (SEC code F) at $3.93/share = $35,193.
• Net shares delivered to insider: 23,784 shares (32,739 − 8,955).
• Shares owned after transaction: Not specified in the provided filing data.
• Footnotes of note:
  • F1: Each RSU converts to one share on vesting under the 2020 Long-Term Incentive Plan.
  • F2: Shares withheld to satisfy tax obligations based on the 9/24/2026 closing price.
  • F3: The 32,739 vested RSUs were part of a 49,606 RSU grant made on 9/24/2024 (66% vest on year 2, 34% on year 3).
  • F4: Reporting person also holds 90,710 unvested RSUs from other grants.
• Filing timeliness: No late filing indication provided.

Context and takeaways
This was a standard RSU vesting/settlement and associated tax-withholding (a form of cashless settlement). Such transactions are compensation-related and routine for executives — they do not by themselves indicate insider buying or selling sentiment in the open market.