Carlson Anthony J 4
4 · ARRAY DIGITAL INFRASTRUCTURE, INC. · Filed Apr 6, 2026
Research Summary
AI-generated summary of this filing
Array Digital CEO Anthony Carlson Exercises Options, Settles Awards
What Happened
Anthony J. Carlson, President, CEO and a director of Array Digital Infrastructure, exercised/converted company derivatives and received shares from the final vesting of equity awards on April 3, 2026. He acquired a total of 5,892 shares through two exercise/conversion events (1,742 and 4,150 shares) at a valuation price of $48.00 per share, totaling $282,816. To satisfy tax withholding and exercise-related obligations, 511 and 1,217 shares (1,728 shares total) were withheld/used (valued at $24,528 and $58,416 respectively; $82,944 total). Net new shares retained from the transactions were 4,164 (5,892 acquired minus 1,728 withheld). These transactions reflect award vesting and option/derivative conversion rather than an open-market buy or sell.
Key Details
- Transaction date: April 3, 2026. Valuation price used: $48.00 per share (prior trading day used because market was closed).
- Gross shares from exercise/conversion: 5,892 shares; gross value recorded: $282,816.
- Shares withheld to cover taxes/exercise obligations: 511 and 1,217 shares (1,728 total; value $82,944).
- Net shares retained: 4,164 (based on provided transaction counts).
- Footnotes:
- RSUs were granted under the Array Long-Term Incentive Plan on April 3, 2023; this represents settlement of the final (third) vesting tranche. Additional units were added to maintain fair value after special dividends (RSU additions: 436 and 290 units).
- Performance share units (granted April 3, 2023) were certified and vested on April 3, 2026; PSUs were adjusted for special dividends (additions: 1,040 and 691 units).
- Shares were withheld to pay taxes (transaction code F). Exercise/conversion entries are transaction code M.
- Filing timeliness: Form 4 was filed on April 6, 2026 for transactions dated April 3, 2026 — within the SEC’s 2-business-day Form 4 deadline (filed timely).
- Shares owned after the transaction: not disclosed in the supplied data.
Context and investor note
- These were internal corporate actions (award vesting and derivative exercise/conversion), not open-market purchases or discretionary insider sales. The withholding of shares for taxes is a routine administrative step (cashless withholding) and does not necessarily indicate a change in insider sentiment.
- For clarity: M = exercise/conversion of derivative; F = payment of exercise price or tax liability.
Insider Transaction Report
- Exercise/Conversion
Common Shares
[F1][F2]2026-04-03$48.00/sh+1,742$83,616→ 10,671 total - Tax Payment
Common Shares
[F3][F2]2026-04-03$48.00/sh−511$24,528→ 10,160 total - Exercise/Conversion
Common Shares
[F4][F2]2026-04-03$48.00/sh+4,150$199,200→ 14,310 total - Tax Payment
Common Shares
[F3][F2]2026-04-03$48.00/sh−1,217$58,416→ 13,093 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-04-03$48.00/sh−1,742$83,616→ 0 total→ Common Shares (1,742 underlying) - Exercise/Conversion
Peformance Share Units
[F4]2026-04-03$48.00/sh−4,150$199,200→ 0 total→ Common Shares (4,150 underlying)
Footnotes (4)
- [F1]Granted under the Array Long-Term Incentive Plan on April 3, 2023. Restricted stock units vest one-third each year on the first, second and third anniversaries of the grant date. This represents settlement of the third and final vesting. As a result of special dividends on August 19, 2025, and February 2, 2026, the reporting person acquired 436 units and 290 units respectively, to maintain the underlying awards fair value.
- [F2]The market was closed on the vest date therefore the previous trading day's close, April 2, 2026, was used to value the transaction.
- [F3]Shares withheld to pay taxes.
- [F4]On April 3, 2023 the reporting person was granted financial-based performance share units that would be measured over a one-year time period. The Performance Shares were certified and adjusted for performance on February 14, 2024 and vested on April 3, 2026. Each performance share unit represents the contingent right to receive one common share. As a result of special dividends on August 19, 2025, and February 2, 2026, the reporting person acquired 1040 units and 691 units respectively, to maintain the underlying awards fair value.