Form 4: Array Technologies' Chief Legal Officer Reports Stock Transactions
SEC Form 4 Filing
Tyson Hottinger, Chief Legal Officer of Array Technologies, reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On June 7, 2024, Tyson Hottinger, the Chief Legal Officer of Array Technologies, Inc., had shares withheld by the issuer to satisfy tax withholding obligations.
- A total of 4,448 shares of common stock were withheld at a price of $13.44 per share.
- An additional 2,076 shares of common stock were withheld at a price of $13.44 per share.
- Following these transactions, Hottinger beneficially owns 56,822 shares of Array Technologies, Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- Shareholders may be interested in tracking insider transactions as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 06/07/2024 | Date of the stock transactions (share withholding for tax obligations). |
| 06/11/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.