Company: ARRY
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001140361-25-012865
Chunk: 39

Company: Array Technologies, Inc.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 39
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ations are made by our Human Capital Committee using, as a reference, the relevant competitive market information and recommendations provided to our Human Capital Committee by Pay Governance, in order to provide an appropriate level of target total direct compensation compared to compensation of executive officers in our compensation peer group.

| ARRAY TECHNOLOGIES |     | 36 |     | 2025 PROXY STATEMENT |

TABLE OF CONTENTS COMPENSATION DISCUSSION AND ANALYSIS

Our Human Capital Committee sets the individual annual grant values to reflect (a) the level of responsibility and individual contribution of each executive officer and their potential impact on the long-term success of the business, (b) a desire to maintain or set, as applicable, a market-competitive compensation package for each officer, and (c) talent retention considerations, as appropriate. To determine annual long-term incentive awards granted in a year, our Human Capital Committee first approves a target aggregate grant date fair value to be awarded to each NEO. The target aggregate grant date fair value is then allocated among the types of awards granted for such year. In September 2024, to encourage long-term retention, the Human Capital Committee also approved the Supplemental RSU Grant to our executive officers, including our currently employed NEOs, as described above under “Fiscal 2024 Considerations.” 2024 Long-Term Incentive Award Grants The Human Capital Committee approved long-term incentive awards for 2024 to our NEOs as follows:

| NAME             |     | AGGREGATE  
 GRANT DATE 
 FAIR VALUE 
 ($)        |     |     GRANT 
 DATE FAIR 
  VALUE OF 
    ANNUAL 
       RSU 
    GRANTS 
    ($)(1) |     | ​GRANT       
 DATE FAIR    
 VALUE OF     
 SUPPLEMENTAL 
 RSU GRANTS   
 ($)(1)       |     | ​GRANT        
 DATE FAIR     
 VALUE OF PSUs 
 (AT TARGET)   
 ($)(2)        |
| Kevin Hostetler  |     | ​6,988,247 |     | 2,050,000 |     | ​2,049,996   |     | ​2,888,251    |
| Kurt Wood        |     | ​1,542,508 |     |   749,988 |     | ​            |     | ​792,520      |
| Neil Manning     |     | ​1,097,653 |     |   299,991 |     | ​374,999