What 480 V AC and the frame-01 package mean at the panel
The ACS580-01-02A1-4: At 480 V AC the drive sits in the same supply class as the rest of the ACS580-01 family, so grounding, branch protection and EMC practice follow the family rules rather than anything unique to this code: short motor cables, proper PE bonding at the drive end, and a line reactor or dV/dt filter if the motor leads push past the manufacturer's published length for the carrier frequency in use.
Cross-shopping against the next step up
Inside the same ACS580-01 family and 480 V AC class, the natural adjacent part is the ACS580-01-04A8-4 — same voltage, same frame family, a higher current/horsepower rating in the same line. The decision between the two is the motor nameplate, not the drive's feature set: size to the load and leave headroom for the worst-case continuous current, not the marketing peak.