Form 4: Arrow Electronics CEO Sean Kerins Reports Stock Transaction
SEC Form 4 Filing
Sean Kerins, CEO of Arrow Electronics, reports disposition of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On May 31, 2024, Sean J Kerins, the President and CEO of Arrow Electronics, Inc., disposed of 519 shares of common stock to satisfy tax withholding obligations.
- The transaction was executed at a price of $131.31 per share.
- Following the transaction, Kerins directly owns 92,133 shares of Arrow Electronics common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax obligation fulfillment related to stock vesting.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/31/2024 | Date of stock transaction |
| 06/03/2024 | Date of signature on the report |
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