Company: ARRY
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001140361-25-012865
Chunk: 60

Company: Array Technologies, Inc.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 60
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 our NEOs for 2024 to the Company’s performance:

| • | Revenue(our Company Selected Measure under Item 402(v) of Regulation S-K) |

| • | Adjusted EBITDA |

| • | Cash Conversion Cycle |

As further described above under “—2024 Plan Design,” achievement of Adjusted EBITDA performance goals was weighted 60% under our 2024 LIP; however, as a result of the adoption of the Six-Month LIP in September 2024 and averaging of the percentage of target performance attained under the Six-Month LIP goals and the 2024 LIP goals, Adjusted EBITDA performance was weighted 30% in the mix of performance goals under the combined 2024 LIP and Six-Month LIP performance metrics. CEO PAY RATIO As required by Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(u) of Regulation S-K, we are providing information about the relationship of the total annual compensation of Kevin Hostetler, our CEO, to the total annual compensation of our median employee. The Company believes that the pay ratio included below is a reasonable estimate calculated in a manner consistent with Item 402(u) of Regulation S-K. As of December 31, 2024, our last completed fiscal year:

| • | We have estimated that the total annual compensation of our median employee (other than our CEO) was $40,137; and |

| • | The total annual compensation of our CEO, as reported in the Summary Compensation Table, was $8,867,007. |

Based on this information, for 2024, the ratio of the total annual compensation for Mr. Hostetler, our CEO, to the total annual compensation of our median employee was 221 to 1. To determine this ratio, we first prepared a list of all our full-time, part-time and temporary employees as of December 31, 2024, the last day of our fiscal year. To identify the median employee from our employee population, we reviewed the amount of regular wages, overtime pay, and cash incentives for employees for 2024. Once we identified the median employee, we then determined the total annual compensation for 2024 of that employee using the same rules that apply to reporting compensation for our NEOs in the 2024 Summary Compensation Table.

| ARRAY TECHNOLOGIES |     | 51 |     | 2025 PROXY STATEMENT |

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