Array Technologies Announces CFO Transition and Compensation Details
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Array Technologies Announces CFO Transition and Compensation Details

The latest update is out from Array Technologies (ARRY).

Kurt Wood will step down as CFO of Array Technologies on June 30, 2024, transitioning into a strategic advisory role before leaving the company on September 30, 2024. He has negotiated a severance package that includes his current base salary during the interim, a year’s worth of his salary post-departure, a prorated bonus for 2024, and COBRA premium payments for a year. Additionally, his unvested RSUs will continue to vest, and his PSUs may still vest based on performance, as per the terms of the Transition Agreement. The company has issued a press release detailing these changes.

See more data about ARRY stock on TipRanks’ Stock Analysis page.

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