Form 4: Array Technologies Executive Terrance L. Collins Reports Stock Transactions
SEC Form 4 Filing
Terrance L. Collins, Chief Human Resources Officer of Array Technologies, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- Terrance L. Collins, Chief Human Resources Officer of Array Technologies, filed a Form 4 on March 14, 2025, reporting changes in beneficial ownership.
- On March 12, 2025, 8,627 restricted stock units vested, resulting in the acquisition of 8,627 shares of common stock.
- 2,317 shares were withheld by the Issuer to satisfy tax withholding obligations at a price of $6.03 per share.
- Following these transactions, Collins directly owns 27,826 shares of Array Technologies common stock and 84,247 restricted stock units.
- The filing also includes a Power of Attorney, granting Gina Gunning and Christopher Fox the authority to act on Collins' behalf for Section 13 and Section 16 filings.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction affects the executive's personal holdings and potentially signals confidence (or lack thereof) in the company's future performance, which could influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 10/14/2020 | Power of Attorney approved |
| 08/01/2022 | Grant date of 5,082 unvested restricted stock units |
| 03/17/2023 | Grant date of 12,303 unvested restricted stock units |
| 03/12/2024 | Grant date of 17,256 unvested restricted stock units |
| 09/24/2024 | Grant date of 49,606 unvested restricted stock units |
| 03/10/2025 | Date of Power of Attorney execution |
| 03/12/2025 | Date of transaction (vesting of restricted stock units and tax withholding) |
| 03/14/2025 | Date of Form 4 filing |
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