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

Company: Array Technologies, Inc.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 25
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 in 2007, and before which time he held the Corporate Controller role at Salesforce, Inc. Mr. Zhu worked at Chiron Corporation prior to joining Salesforce, Inc. and started his career in KPMG’s Assurances Practice. Mr. Zhu holds a BA in Political Economics from Guangxi University and an MBA from Golden Gate University. |

| ARRAY TECHNOLOGIES |     | 26 |     | 2025 PROXY STATEMENT |

TABLE OF CONTENTS

| COMPENSATION DISCUSSION AND ANALYSIS |

In this Compensation Discussion and Analysis, “Named Executive Officers” or “NEOs” refers to the following executive officers:

| NAMED EXECUTIVE OFFICER |     | TITLE                               |
| Kevin Hostetler         |     | Chief Executive Officer             |
| Kurt Wood(1)            |     | Former Chief Financial Officer      |
| Neil Manning(2)         |     | President & Chief Operating Officer |
| Terrance Collins        |     | Chief Human Resources Officer       |
| James Zhu(3)            |     | Chief Accounting Officer            |

EXECUTIVE OFFICER TRANSITIONS On March 19, 2024, Mr. Zhu was promoted to the position of Chief Accounting Officer. On June 1, 2024, Mr. Manning was promoted to the position of President and Chief Operating Officer. On June 4, 2024, the Company and Mr. Wood mutually determined that Mr. Wood would step down from his position as CFO, effective June 30, 2024. On June 6, 2024, we entered into a transition and separation agreement with Mr. Wood (the “Transition Agreement”), pursuant to which he continued to act in an advisory role and receive his base salary through September 30, 2024, at which time his employment with the Company terminated. Additionally, subject to Mr. Wood’s execution and non-revocation of a general release of claims in favor of the Company and Mr. Wood’s compliance with his existing restrictive covenants, Mr. Wood has received or will receive the following, consistent with the benefits provided under our Executive Severance and Change in Control Plan (the “Executive Severance Plan”) and/or as provided under the Transition Agreement: (i) an amount equal to 100% of his annual base salary, payable over a period of 12 months following the date of his termination of employment, (ii) an amount equal to Mr. Wood’s target annual cash bonus for 2024, pro