I tried something similar:
Disable the drive, and wait to open the contactor at the moment the drive signalled "stopped", but even that generated the overvoltage alarm. I had to wait an additional fraction of a second to not have the alarm. Not knowing if this was only a nuisance or a severe danger to the drive I decided to put the contactor on the inlet side (better safe than sorry).
It was an AB PF70 if it makes any difference.
Disable the drive, and wait to open the contactor at the moment the drive signalled "stopped", but even that generated the overvoltage alarm. I had to wait an additional fraction of a second to not have the alarm. Not knowing if this was only a nuisance or a severe danger to the drive I decided to put the contactor on the inlet side (better safe than sorry).
It was an AB PF70 if it makes any difference.