Company: UZF
Filing Date: 2025-08-26
Form Type: DEF 14A
Source: 0000821130-25-000055
Chunk: 67

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-08-26
Form: DEF 14A
Chunk 67
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 full upon the Closing pursuant to his Equity Acceleration Agreement, and (ii) the outstanding equity awards held by Messrs. Irizarry and Lowell vested in full upon the termination of their employment on August 1, 2025, based on target performance with respect to the 2025 performance-based awards, for which performance previously had not been certified.

(2) The 2022 restricted stock units will vest on the third anniversary of the grant date. The 2023 and 2024 restricted stock units will vest one-third each year on the anniversary of the grant date.

The performance periods for the 2022, 2023 and 2024 performance share units have concluded, and these awards were scheduled to vest on April 4, 2025, April 3, 2026 and March 4, 2027, respectively. The number of shares included in the above table is the final approved award after adjustment for performance attainment for the 2022, 2023 and 2024 performance share units.

(3) The restricted stock units granted to Mr. Therivel in connection with his employment commencement were originally scheduled to vest on July 1, 2026.

(4) Represents the number of Array Common Shares underlying the unvested portion of deferred compensation stock match units awarded to such NEO with respect to deferred bonus compensation. Generally, one-third of the deferred compensation stock match units become vested on each of the first three anniversaries of the last day of the year for which the applicable bonus is payable, provided that such officer is an employee of Array or an affiliate on such date. Accordingly, share units were originally scheduled to vest on each of December 31, 2025 (1,147) and December 31, 2026 (465). Upon separation from the Company, any company match is fully vested for employees who are retirement eligible under the Phantom Deferred Compensation Plan. As of December 31, 2024, Mr. Therivel was not retirement eligible under the terms of the Phantom Deferred Compensation Plan but pursuant to the terms of the Therivel Letter Agreement, Array took action to fully vest Mr. Therivel's company match under the Phantom Deferred Compensation Plan effective immediately prior to the Closing.

(5) These performance share units represent the Accomplishment Award granted to Laurent C. Therivel on July 1, 2020 in connection with his employment commencement. The award had a variable vesting period which could range from 2.5 to 6.5 years dependent