Manning Neil 4

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.