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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.