Company: ARRY
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001140361-25-012865
Chunk: 57

Company: Array Technologies, Inc.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 57
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 for 12 months (or, if earlier, until he becomes eligible for coverage under a subsequent employer’s health plan). In addition, (i) the unvested portion of any outstanding time-based RSUs held by Mr. Wood on his separation date (after giving effect to any accelerated vesting provided under the terms of the award agreements evidencing such awards) continue to vest as if Mr. Wood had remained employed through each subsequent vesting date, and (ii) any outstanding PSUs for which the performance period had not been completed as of Mr. Wood’s separation date remain outstanding and eligible to vest based on actual achievement of the performance metrics through the applicable performance period, pro-rated to reflect the portion of the performance period during which Mr. Wood was employed by the Company, but determined as if Mr. Wood had remained employed through September 30, 2025. The Transition Agreement also provided for reimbursement of attorneys’ fees incurred by Mr. Wood in the negotiation of such agreement, up to $10,000.

| ARRAY TECHNOLOGIES |     | 47 |     | 2025 PROXY STATEMENT |

TABLE OF CONTENTS COMPENSATION DISCUSSION AND ANALYSIS

POTENTIAL PAYMENTS TABLE The information below describes and quantifies certain compensation that would become payable under existing plans and arrangements if the executive’s employment had terminated on December 31, 2024, given the executive’s compensation as of such date and, if applicable, based on the closing price of our common stock on December 31, 2024, the last trading day of 2024 or, in the case of Mr. Wood, the actual severance payments and benefits he received in connection with his termination of employment on September 30, 2024. Due to the number of factors that affect the nature and amount of any benefits provided upon the events discussed below, any actual amounts paid or distributed may be different than the estimates presented in the table. Factors that could affect these amounts include the timing of any such event and our stock price. Amounts included for Mr. Wood represent the amounts payable to him under the Transition Agreement, described above.

| EXECUTIVE                               |     | BENEFIT(1)     |     | CHANGE IN CONTROL 
 WITH QUALIFYING   
 TERMINATION       
 ($)               |     | QUALIFYING       
 TERMINATION      
 OUTSIDE OF A CIC 
 ($)              |     | DEATH OR   
 DISABILITY 
 ($)        |
| Kevin Hostetler                         
 (Chief Executive Officer)               |