secwatch.observer — SEC 8-K summary
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Issuer:     Array Technologies, Inc. (ARRY)
CIK:        0001820721
Form:       8-K
Filed at:   2024-09-30T23:59:59+00:00
Accession:  0001193125-24-229064
Event type: other
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Array Tech approves supplemental leadership incentive plan with PSUs and RSUs for executives
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820721/000119312524229064/0001193125-24-229064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820721/000119312524229064/d876392d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-229064

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer