Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 28, 2021, the Compensation Committee of the Board of Directors of
Array Technologies, Inc. ("Array" or the "Company") approved, upon the input and
advice of management and the Company's external compensation consultants, an
amendment (the "Amendment") to Array's severance program with respect to its
executive officers. The Amendment is intended to bring the Company's severance
program in line with its peer group and provides for (i) with respect to the
Company's chief executive officer (the "CEO"), an increase in severance pay from
an amount equal to 1.5x the CEO's base salary to an amount equal to 1.5x the sum
of the CEO's base salary plus target cash bonus (such sum, the "Target Cash
Compensation") upon an involuntary termination without Cause (as defined in the
form of employment offer letter used with the Company's executive officers),
(ii) with respect to all executive officers, full continued vesting of
restricted stock units in the event of an involuntary termination without Cause,
and (iii) in the case of a Change in Control (as defined in the form of
employment offer letter used with the Company's executive officers) (A)
severance pay for all executive officers equal to 2.0x such executive officer's
Target Cash Compensation and (B) health and welfare coverage for 24 months.
© Edgar Online, source Glimpses
ARRAY TECHNOLOGIES, INC. 
