Array Technologies ( (ARRY) ) has issued an update.
Array Technologies, Inc. has launched a new supplemental leadership incentive plan to drive its executives towards achieving the company’s financial and operational objectives. The plan includes performance-based stock units that are contingent on meeting specific cash, margin, and sales targets, with potential vesting of 0% to 95% of the target value. To bolster long-term commitment, the company also introduced a tiered vesting schedule for restricted stock units that will mature over three years, ensuring executives stay invested in the company’s success.
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