Company: UZF
Filing Date: 2025-08-08
Form Type: PRE 14A
Source: 0000821130-25-000048
Chunk: 52

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-08-08
Form: PRE 14A
Chunk 52
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                     |     | Target Award |         |     | Award Adjustment  above/(below) Target |        |     | Final Award |         |
| Laurent C. Therivel |     |              |  68,750 |     |                                        | 31,557 |     |             | 100,307 |
| Douglas W. Chambers |     |              |  20,716 |     |                                        |  9,509 |     |             |  30,225 |
| Michael S. Irizarry |     |              |  27,919 |     |                                        | 12,815 |     |             |  40,734 |
| Kevin R. Lowell     |     |              |  17,595 |     |                                        |  8,077 |     |             |  25,672 |
| Total               |     |              | 134,980 |     |                                        | 61,958 |     |             | 196,938 |

Impact of Strategic Transactions and 2025 Management Transitions

As previously disclosed, in 2024, the Company entered into agreements for strategic transactions with each of T-Mobile US, Inc., Verizon Communications, Inc., New Cingular Wireless PCS, LLC (a subsidiary of AT&T Inc.), Nsight Spectrum, LLC and Nex-Tech Wireless, LLC. The transaction with T-Mobile closed on August 1, 2025 and constituted a change in control for purposes of the Therivel Letter Agreement and a “LTIP Change in Control” or “Qualifying Transaction” (each as defined below) for purposes of the 2013 LTIP and 2022 LTIP.

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Effective upon the Closing, the employment of each of Messrs. Therivel, Irizarry and Lowell was terminated without cause. In connection with his separation and subject to his execution and non-revocation of a release of claims, Mr. Therivel was entitled to receive (i) in accordance with the terms of the Therivel Letter Agreement, a lump sum severance amount equal to his then current annual base salary; (ii) a prorated annual bonus for 2025 based on actual performance; (iii) the cost of COBRA continuation coverage for one year; and (iv) outplacement services for one year. In connection with the Closing and in accordance with the Therivel Letter Agreement, the Chair recommended, and the Board approved, the accelerated vesting of one-third of