Form 4: Arrow Electronics CEO Sean Kerins Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Sean Kerins, CEO of Arrow Electronics, disposed of 1,799 shares of common stock to cover tax obligations related to vesting Restricted Stock Units.
Summary
- On February 21, 2025, Sean J Kerins, the President and CEO of Arrow Electronics, Inc., disposed of 1,799 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations upon the vesting of Restricted Stock Units.
- The shares were disposed of at a price of $111.35 per share.
- Following the transaction, Kerins directly owns 114,296 shares of Arrow Electronics common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common reason for stock disposals by executives.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders, as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/21/2025 | Date of stock disposal transaction |
| 02/24/2025 | Date of signature for the Form 4 filing |
Keywords
Form 4, Sean Kerins, Arrow Electronics, Stock Disposal, Tax Obligations, Restricted Stock Units, ARW
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