Company: ARRY
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001140361-25-012865
Chunk: 50

Company: Array Technologies, Inc.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 50
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 and RTSR performance. We have included additional information about these awards under “—2024 Long-Term Incentive Award Grants.” |

| 3. | Amounts in this column represent the number of RSUs awarded to each NEO. We have included additional information about these awards under “—2024 Long-Term Incentive Award Grants.” |

| 4. | The amounts disclosed in this column represent the aggregate grant date fair value of the RSU and PSU awards granted to each NEO, excluding the impact of estimated forfeitures related to service-based vesting conditions. The grant date fair value of the awards is calculated using the closing price of our common stock on the date of grant (and, in the case of PSUs, using a Monte-Carlo model for each award on the date of grant and based on the probable outcome of the associated performance conditions). See footnote 2 to the Summary Compensation Table for more information. |

NARRATIVE DISCLOSURE TO SUMMARY COMPENSATION TABLE AND GRANTS OF PLAN-BASED AWARDS TABLE We have entered into employment agreements with each of Messrs. Hostetler, Collins, Manning and Zhu. Prior to his termination of employment in 2024, we were also party to an employment agreement with Mr. Wood. Under the terms of each employment agreement, each executive officer is (or was, in the case of Mr. Wood) entitled to an annual base salary as described, with respect to 2024, under “—Base Salaries,” to participate in our LIP with a target bonus as described, with respect to 2024 under “—Annual Incentive Bonuses, and to participate in our LTIP as described, with respect to 2024, under “—Long-Term Stock Incentive Awards,” as well as to participate in broad-based employee benefits.

| ARRAY TECHNOLOGIES |     | 43 |     | 2025 PROXY STATEMENT |

TABLE OF CONTENTS COMPENSATION DISCUSSION AND ANALYSIS

Our executive officers are also entitled to severance upon the termination of their employment in certain circumstances pursuant to the Executive Severance Plan, as further described below under “—Potential Payments Upon Termination or Change in Control.” Each executive officer is also subject to (i) a Confidentiality, Non-Disparagement and Non-Solicitation Agreement, which provides, among other things, that the executive officer will not compete with the Company or solicit Company associates or customers during a two-year restricted period following his or