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Pay vs Performance Disclosure - USD ($)

4 Months Ended

8 Months Ended

12 Months Ended

Apr. 18, 2022

Dec. 31, 2022

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

PAY-VERSUS-PERFORMANCE

As required by Item 402(v) of Regulation S-K, we are providing the following information regarding the relationship between executive compensation and our financial performance for each of the last three completed calendar years for our principal executive officer (“PEO”) and our NEOs other than our PEO (“Non-PEO NEOs”). In determining the “compensation actually paid” to our Non-PEO NEOs, we are required to make various adjustments to amounts that have been previously reported in the Summary Compensation Table in previous years, as the SEC’s valuation methods for this section differ from those required in the Summary Compensation Table. The table below summarizes compensation values both previously reported in our Summary Compensation Table, as well as the adjusted values required in this section for the 2024, 2023, 2022, 2021 and 2020 calendar years. Note that for our Non-PEO NEOs, compensation is reported as an average.

•	In 2024, the Non-PEO NEOs were Messrs. Wood, Manning, Collins, and Zhu

•	In 2023, the Non-PEO NEOs were Messrs. Wood, Nipul Patel, Collins, Manning, and Tyson Hottinger.

•	In 2022, the Non-PEO NEOs were Messrs. Patel, Collins, Hottinger, and Travis Rose.

•	In 2021, the Non-PEO NEOs were Messrs. Patel, Hottinger, Jeff Krantz and Ken Stacherski.

•	In 2020, the Non-PEO NEOs were Mr. Krantz and Ms. Charlotte MacVane.


	YEAR			SUMMARY COMPENSATION TABLE TOTAL FOR PEO⁽¹⁾ ($)						COMPENSATION ACTUALLY PAID TO PEO⁽³⁾ ($)⁽²⁾						AVERAGE SUMMARY COMPENSATION TABLE TOTAL FOR NON-PEO NEOs⁽²⁾ ($)			AVERAGE COMPENSATION ACTUALLY PAID TO NON-PEO NEO ($)⁽²⁾			VALUE OF INITIAL FIXED $100 INVESTMENT BASED ON:						NET INCOME ($ IN THOUSANDS)⁽⁵⁾			REVENUE ($ IN THOUSANDS)⁽⁵⁾
	YEAR			FUSARO			HOSTETLER			FUSARO			HOSTETLER						AVERAGE COMPENSATION ACTUALLY PAID TO NON-PEO NEO ($)⁽²⁾			ARRAY TOTAL SHAREHOLDER RETURN ($)⁽³⁾			PEER GROUP TOTAL RETURN ($)⁽⁴⁾			NET INCOME ($ IN THOUSANDS)⁽⁵⁾			REVENUE ($ IN THOUSANDS)⁽⁵⁾
	2024			—			8,862,712			—			(1,262,681)			1,977,334			1,101,333			16.57			29.84			(240,394)			915,807
	2023			—			5,716,945			—			5,147,609			1,372,133			1,248,586			46.09			68.53			85,546			1,576,551
	2022			2,148,071			5,772,123			3,036,259			7,256,684			1,214,022			1,692,131			53.03			149.18			4,432			1,637,546
	2021			4,271,575			—			570,878			—			1,414,459			557,975			43.05			120.45			(50,403)			853,318
	2020			3,107,811			—			4,395,744			—			—			—			118.35			130.89			59,073			872,662

1.	Mr. Fusaro served as our PEO during 2021, and he resigned from the Company on April 18, 2022. On that same date, Mr. Hostetler was appointed as our PEO and continues to serve in such capacity.

2.

In accordance with the requirements of Item 402(v) of Regulation S-K, the adjustments in the table below were made to Mr. Hostetler’s total compensation for each year as reported in the Summary Compensation Table to determine the compensation actually paid. The valuation assumptions used to calculate the fair values of RSUs and PSUs include the stock price as of the applicable measuring date and, in the case of PSUs, determined using a Monte-Carlo model for each award on the date of grant and based on the probable outcome of the performance conditions as of the applicable measuring date (or actual performance results approved by the Human Capital Committee as of the applicable vesting date). Otherwise, the valuation assumptions used to calculate fair values did not materially differ from those used in our disclosures of fair value as of the grant date.


				2024
	Total Compensation as reported in Summary Compensation Table (SCT)			8,862,712
	Fair value of equity awards granted during fiscal year			6,988,247
	Fair value of equity compensation granted in current year—value at end of year-end			3,337,594
	Change in fair value for end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during current fiscal year			(386,884)
	Change in fair value from end of prior fiscal year to end of current fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year			(6,087,856)
	Dividends or other earnings paid on stock awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year			—
	Fair value of awards forfeited in current fiscal year determined at end of prior fiscal year			—
	Compensation Actually Paid to PEO			(1,262,681)

In accordance with the requirements of Item 402(v) of Regulation S-K, the adjustments in the table below were made to the Non-PEO NEOs’ average total compensation for each year to determine the compensation actually paid. The equity award adjustments for each applicable year include the same methodology described above for Mr. Hostetler.


	NON-PEO NEOs			2024
	Total Compensation as reported in Summary Compensation Table (SCT)			1,977,334
	Fair value of equity awards granted during fiscal year			1,162,926
	Fair value of equity compensation granted in current year—value at end of year-end			506,238
	Change in fair value for end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during current fiscal year			(23,752)
	Change in fair value from end of prior fiscal year to end of current fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year			(313,699)
	Dividends or other earnings paid on stock awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year			—
	Fair value of awards forfeited in current fiscal year determined at end of prior fiscal year			118,138
	Compensation Actually Paid to Non-PEO NEOs			1,101,333

3.	The values disclosed in this column represent the measurement period value of an investment of $100 in our common stock as of October 15, 2020, the first date on which our common stock traded on the Nasdaq Global Market, and then valued again on each of December 31, 2024, 2023, 2022, 2021 and 2020.

4.

Represents the weighted peer group total shareholder return, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the customized peer group used by the Company for purposes of Item 201(e) of Regulation S-K (Enphase Energy, Solaredge Technologies, Shoals Technologies Group and FTC Solar).

5.	Represents Net Income and Revenue as disclosed in our Annual Report on Form 10-K for the years ended December 31, 2024, 2023, 2022, 2021 and 2020, as applicable.

Company Selected Measure Name

Revenue

Named Executive Officers, Footnote

•	In 2024, the Non-PEO NEOs were Messrs. Wood, Manning, Collins, and Zhu

•	In 2023, the Non-PEO NEOs were Messrs. Wood, Nipul Patel, Collins, Manning, and Tyson Hottinger.

•	In 2022, the Non-PEO NEOs were Messrs. Patel, Collins, Hottinger, and Travis Rose.

•	In 2021, the Non-PEO NEOs were Messrs. Patel, Hottinger, Jeff Krantz and Ken Stacherski.

•	In 2020, the Non-PEO NEOs were Mr. Krantz and Ms. Charlotte MacVane.

1.	Mr. Fusaro served as our PEO during 2021, and he resigned from the Company on April 18, 2022. On that same date, Mr. Hostetler was appointed as our PEO and continues to serve in such capacity.

Peer Group Issuers, Footnote

4.

Represents the weighted peer group total shareholder return, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the customized peer group used by the Company for purposes of Item 201(e) of Regulation S-K (Enphase Energy, Solaredge Technologies, Shoals Technologies Group and FTC Solar).

Adjustment To PEO Compensation, Footnote

2.

In accordance with the requirements of Item 402(v) of Regulation S-K, the adjustments in the table below were made to Mr. Hostetler’s total compensation for each year as reported in the Summary Compensation Table to determine the compensation actually paid. The valuation assumptions used to calculate the fair values of RSUs and PSUs include the stock price as of the applicable measuring date and, in the case of PSUs, determined using a Monte-Carlo model for each award on the date of grant and based on the probable outcome of the performance conditions as of the applicable measuring date (or actual performance results approved by the Human Capital Committee as of the applicable vesting date). Otherwise, the valuation assumptions used to calculate fair values did not materially differ from those used in our disclosures of fair value as of the grant date.


				2024
	Total Compensation as reported in Summary Compensation Table (SCT)			8,862,712
	Fair value of equity awards granted during fiscal year			6,988,247
	Fair value of equity compensation granted in current year—value at end of year-end			3,337,594
	Change in fair value for end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during current fiscal year			(386,884)
	Change in fair value from end of prior fiscal year to end of current fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year			(6,087,856)
	Dividends or other earnings paid on stock awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year			—
	Fair value of awards forfeited in current fiscal year determined at end of prior fiscal year			—
	Compensation Actually Paid to PEO			(1,262,681)

Non-PEO NEO Average Total Compensation Amount

$ 1,977,334

$ 1,372,133

$ 1,214,022

$ 1,414,459

$ 0

Non-PEO NEO Average Compensation Actually Paid Amount

$ 1,101,333

1,248,586

1,692,131

557,975

0

Adjustment to Non-PEO NEO Compensation Footnote

In accordance with the requirements of Item 402(v) of Regulation S-K, the adjustments in the table below were made to the Non-PEO NEOs’ average total compensation for each year to determine the compensation actually paid. The equity award adjustments for each applicable year include the same methodology described above for Mr. Hostetler.


	NON-PEO NEOs			2024
	Total Compensation as reported in Summary Compensation Table (SCT)			1,977,334
	Fair value of equity awards granted during fiscal year			1,162,926
	Fair value of equity compensation granted in current year—value at end of year-end			506,238
	Change in fair value for end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during current fiscal year			(23,752)
	Change in fair value from end of prior fiscal year to end of current fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year			(313,699)
	Dividends or other earnings paid on stock awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year			—
	Fair value of awards forfeited in current fiscal year determined at end of prior fiscal year			118,138
	Compensation Actually Paid to Non-PEO NEOs			1,101,333

Compensation Actually Paid vs. Total Shareholder Return

The chart below shows the relationship between total shareholder return starting October 15, 2020, the first date on which our common stock traded on the Nasdaq Global Market, and compensation actually paid to our NEOs. There is a clear and immediate relationship between the financial performance of the business and the pay for executive leaders.

Compensation Actually Paid vs. Net Income

Over the course of 2022, the Company’s net income rose $43.6 million, and revenue increased $781 million. Total shareholder return increased over 200%. In 2023 while net income rose significantly, revenue dropped by 4%. Total shareholder return was reduced as well. In 2024, revenue fell by 42% and net income dropped significantly, resulting in a net loss of $240.4 million. Compensation actually paid to Mr. Hostetler likewise decreased significantly in 2024, primarily driven by the losses in total shareholder return and revenue. Compensation actually paid to the NEOs excluding Mr. Hostetler also decreased in 2024, primarily driven by the loss in total shareholder return.

Array’s compensation philosophy ties executive compensation and company performance through each pay element. Compensation actually paid to our NEOs was reduced in 2024, due to the loss of value in both outstanding equity awards granted but not vested, as well as vested equity awards. While shareholder return is directly tied to Array’s long-term incentive awards, individual performance is a strong determining factor for base salary actions and short-term cash incentives reflect collective team performance, as stated above.

Compensation Actually Paid vs. Company Selected Measure

Over the course of 2022, the Company’s net income rose $43.6 million, and revenue increased $781 million. Total shareholder return increased over 200%. In 2023 while net income rose significantly, revenue dropped by 4%. Total shareholder return was reduced as well. In 2024, revenue fell by 42% and net income dropped significantly, resulting in a net loss of $240.4 million. Compensation actually paid to Mr. Hostetler likewise decreased significantly in 2024, primarily driven by the losses in total shareholder return and revenue. Compensation actually paid to the NEOs excluding Mr. Hostetler also decreased in 2024, primarily driven by the loss in total shareholder return.

Array’s compensation philosophy ties executive compensation and company performance through each pay element. Compensation actually paid to our NEOs was reduced in 2024, due to the loss of value in both outstanding equity awards granted but not vested, as well as vested equity awards. While shareholder return is directly tied to Array’s long-term incentive awards, individual performance is a strong determining factor for base salary actions and short-term cash incentives reflect collective team performance, as stated above.

Total Shareholder Return Vs Peer Group

The chart below shows the relationship between total shareholder return starting October 15, 2020, the first date on which our common stock traded on the Nasdaq Global Market, and compensation actually paid to our NEOs. There is a clear and immediate relationship between the financial performance of the business and the pay for executive leaders.

Tabular List, Table

Financial Performance Measures

The performance metrics listed below represent the most important metrics we use to link compensation actually paid to our NEOs for 2024 to the Company’s performance:

•	Revenue (our Company Selected Measure under Item 402(v) of Regulation S-K)

•	Adjusted EBITDA

•	Cash Conversion Cycle

As further described above under “—2024 Plan Design,” achievement of Adjusted EBITDA performance goals was weighted 60% under our 2024 LIP; however, as a result of the adoption of the Six-Month LIP in September 2024 and averaging of the percentage of target performance attained under the Six-Month LIP goals and the 2024 LIP goals, Adjusted EBITDA performance was weighted 30% in the mix of performance goals under the combined 2024 LIP and Six-Month LIP performance metrics.

Total Shareholder Return Amount

$ 16.57

46.09

53.03

43.05

118.35

Peer Group Total Shareholder Return Amount

29.84

68.53

149.18

120.45

130.89

Net Income (Loss)

$ (240,394,000)

$ 85,546,000

$ 4,432,000

$ (50,403,000)

$ 59,073,000

Company Selected Measure Amount

915,807,000

1,576,551,000

1,637,546,000

853,318,000

872,662,000

Mr. Fusaro

Mr. Hostetler

Mr. Hostetler

Mr. Hostetler

Mr. Fusaro

Mr. Fusaro

Pay vs Performance Disclosure

Revenue

Pay vs Performance Disclosure

Adjusted EBITDA

Pay vs Performance Disclosure

Cash Conversion Cycle

Mr. Fusaro [Member]

Pay vs Performance Disclosure

PEO Total Compensation Amount

$ 0

$ 0

$ 2,148,071

$ 4,271,575

$ 3,107,811

PEO Actually Paid Compensation Amount

0

0

3,036,259

570,878

4,395,744

Mr. Hostetler [Member]

Pay vs Performance Disclosure

PEO Total Compensation Amount

8,862,712

5,716,945

5,772,123

0

0

PEO Actually Paid Compensation Amount

(1,262,681)

$ 5,147,609

$ 7,256,684

$ 0

$ 0

PEO | Mr. Hostetler [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(6,988,247)

PEO | Mr. Hostetler [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

3,337,594

PEO | Mr. Hostetler [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(6,087,856)

PEO | Mr. Hostetler [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(386,884)

PEO | Mr. Hostetler [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

PEO | Mr. Hostetler [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,162,926)

Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

506,238

Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(313,699)

Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(23,752)

Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

118,138

Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 0