Company: ARRY
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001140361-25-012865
Chunk: 58

Company: Array Technologies, Inc.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 58
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. With respect to a termination of employment by reason of an executive’s death or disability, the amount shown in respect of outstanding PSUs is pro-rated to reflect the portion of the performance period during which the executive was employed by the Company through December 31, 2024, and assumes target performance (100%). Benefit continuation amounts are calculated based on the actual cost of the NEO’s premiums under our group health and welfare plans as of December 31, 2024 (or, for Mr. Wood, as of his termination of employment). |

| ARRAY TECHNOLOGIES |     | 48 |     | 2025 PROXY STATEMENT |

TABLE OF CONTENTS COMPENSATION DISCUSSION AND ANALYSIS

PAY-VERSUS-PERFORMANCE As required by Item 402(v) of Regulation S-K, we are providing the following information regarding the relationship between executive compensation and our financial performance for each of the last three completed calendar years for our principal executive officer (“PEO”) and our NEOs other than our PEO (“Non-PEO NEOs”). In determining the “compensation actually paid” to our Non-PEO NEOs, we are required to make various adjustments to amounts that have been previously reported in the Summary Compensation Table in previous years, as the SEC’s valuation methods for this section differ from those required in the Summary Compensation Table. The table below summarizes compensation values both previously reported in our Summary Compensation Table, as well as the adjusted values required in this section for the 2024, 2023, 2022, 2021 and 2020 calendar years. Note that for our Non-PEO NEOs, compensation is reported as an average.

| • | In 2024, the Non-PEO NEOs were Messrs. Wood, Manning, Collins, and Zhu |

| • | In 2023, the Non-PEO NEOs were Messrs. Wood, Nipul Patel, Collins, Manning, and Tyson Hottinger. |

| • | In 2022, the Non-PEO NEOs were Messrs. Patel, Collins, Hottinger, and Travis Rose. |

| • | In 2021, the Non-PEO NEOs were Messrs. Patel, Hottinger, Jeff Krantz and Ken Stacherski. |

| • | In 2020, the Non-PEO NEOs were Mr. Krantz and Ms. Charlotte MacVane. |

| YEAR   |     |            SUMMARY