04/06/2026 | Press release | Distributed by Public on 04/06/2026 14:16
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units | (1) | 04/03/2026 | M | 1,742 | (1) | (1) | Common Shares | 1,742 | $48 | 0 | D | ||||
| Peformance Share Units | (4) | 04/03/2026 | M | 4,150 | (4) | (4) | Common Shares | 4,150 | $48 | 0 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Carlson Anthony J 500 W. MADISON STREET, SUITE 810 CHICAGO, IL 60661 |
X | President and CEO | ||
| John M. Toomey, by power of atty. | 04/06/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Granted under the Array Long-Term Incentive Plan on April 3, 2023. Restricted stock units vest one-third each year on the first, second and third anniversaries of the grant date. This represents settlement of the third and final vesting. As a result of special dividends on August 19, 2025, and February 2, 2026, the reporting person acquired 436 units and 290 units respectively, to maintain the underlying awards fair value. |
| (2) | The market was closed on the vest date therefore the previous trading day's close, April 2, 2026, was used to value the transaction. |
| (3) | Shares withheld to pay taxes. |
| (4) | On April 3, 2023 the reporting person was granted financial-based performance share units that would be measured over a one-year time period. The Performance Shares were certified and adjusted for performance on February 14, 2024 and vested on April 3, 2026. Each performance share unit represents the contingent right to receive one common share. As a result of special dividends on August 19, 2025, and February 2, 2026, the reporting person acquired 1040 units and 691 units respectively, to maintain the underlying awards fair value. |