other
confidence high
sentiment neutral
materiality 0.30
Array Tech approves supplemental leadership incentive plan with PSUs and RSUs for executives
Array Technologies, Inc.
- PSUs awarded to CEO Hostetler, Manning, Hottinger, Collins, Zhu and other senior executives under 2021 LTIP.
- PSU vesting range 0%-95% of target based on cash, gross margin, and sales targets for H2 2024.
- Supplemental RSUs vest 66.7% on 2nd anniversary, 33.3% on 3rd anniversary, subject to employment.
- Committee approved both awards on Sept 24, 2024, to motivate long-term corporate goals and retention.