Manning Neil 4
4 · Array Technologies, Inc. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Array (ARRY) President Neil Manning Receives RSU Shares
What Happened
Neil Manning, President & COO of Array Technologies (ARRY), had 3,749 restricted stock units (RSUs vest) convert into common shares on February 15, 2026. Of those shares, 1,206 were withheld by the issuer to satisfy tax withholding obligations, valued at $11.29 per share for a total tax withholding of $13,616. The net shares delivered to Manning were 2,543 (3,749 vested − 1,206 withheld). The filings show the RSUs settled rather than an open-market purchase or voluntary sale.
Key Details
- Transaction date: February 15, 2026 (vesting/settlement of RSUs).
- Conversion (code M): 3,749 RSUs converted into 3,749 shares (reported as acquired).
- Tax withholding (code F): 1,206 shares withheld at $11.29/share = $13,616 (reported as disposed). Withholding amount based on closing price on Feb 17, 2026 per filing footnote.
- Net shares received: 2,543. Total post-transaction shareholdings were not disclosed in the provided filing.
- Footnotes: F1—each RSU = one share at vesting; F3—these 3,749 shares are one installment from a 11,246-RSU grant on Feb 15, 2023 (vesting in three equal annual installments); F4—does not include 141,545 unvested RSUs held from other grants.
- No late-filing flag was provided in the data supplied.
Context
This was a routine compensation settlement (RSU vesting) and not an open-market sale or purchase. The use of withheld shares to cover taxes is a common cashless settlement method and does not necessarily indicate buying or selling intent in the open market. Transaction codes: M = exercise/conversion of a derivative (RSU settlement here); F = shares withheld to satisfy tax obligations.
Insider Transaction Report
- Exercise/Conversion
Common Stock, par value $0.001 per share
[F1]2026-02-15+3,749→ 31,038 total - Tax Payment
Common Stock, par value $0.001 per share
[F2]2026-02-15$11.29/sh−1,206$13,616→ 29,832 total - Exercise/Conversion
Restricted Stock Units
[F1][F3][F4]2026-02-15−3,749→ 0 total→ Common Stock, par value $0.001 per share (3,749 underlying)
Footnotes (4)
- [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 February 17, 2026, the next business day after the vesting date.
- [F3]On February 15, 2023, the reporting person was granted 11,246 restricted stock units, vesting in three equal annual installments, beginning on the first anniversary of the grant date.
- [F4]Does not include 141,545 unvested restricted stock units held by the Reporting Person in connection with grants made on separate dates.