Company: ARRY
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001140361-25-012865
Chunk: 61

Company: Array Technologies, Inc.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 61
---
 CONTENTS COMPENSATION DISCUSSION AND ANALYSIS

The pay ratio disclosure rules allow companies to adopt a variety of methodologies, to apply exclusions, and to make reasonable estimates and assumptions that reflect their compensation practices. As a result, the pay ratio reported by other companies may not be comparable to the pay ratio reported above, as other companies may have different employment and compensation practices and may utilize different methodologies in calculating their own pay ratios. EQUITY COMPENSATION PLANS The table below provides information relating to our equity compensation plans as of December 31, 2024, all of which have been approved by our stockholders:

| PLAN CATEGORY                                          |     | NUMBER OF SHARES OF     
 COMMON STOCK TO BE      
 ISSUED UPON EXERCISE OF 
 OUTSTANDING OPTIONS,    
 WARRANTS AND RIGHTS(1)  |     | WEIGHTED-AVERAGE     
 EXERCISE PRICE OF    
 OUTSTANDING OPTIONS, 
 WARRANTS AND         
 RIGHTS(2)            |     | NUMBER OF SHARES OF COMMON STOCK   
 AVAILABLE FOR FUTURE ISSUANCE      
 UNDER EQUITY COMPENSATION PLANS    
 (EXCLUDING SECURITIES TO BE ISSUED 
 UPON EXERCISE OF OUTSTANDING       
 OPTIONS)                           |
| Equity compensation plans approved by stockholders     |     | ​3,560,600              |     | —                    |     | ​34,512,866(3)                     |
| Equity compensation plans not approved by stockholders |     | —                       |     | —                    |     | —                                  |
| Total                                                  |     | ​3,560,600              |     | —                    |     | ​34,512,866                        |

| 1. | This column reflects all shares of common stock subject to outstanding RSUs and PSUs (at target) granted under the LTIP. |

| 2. | We have not granted any stock options under the LTIP to date. |

| 3. | Includes 31,141,834 shares available for future issuance under the 2020 LTIP and 3,371,032 shares available for purchase under the 2021 Employee Stock Purchase Plan. |

| ARRAY TECHNOLOGIES |     | 52 |     | 2025 PROXY STATEMENT |

TABLE OF CONTENTS

| AUDIT COMMITTEE REPORT |

The Audit Committee has reviewed the audited consolidated financial statements of Array for the year ended December 31, 2024 and has discussed these statements with management and Deloitte & Touche LLP