Form 4: Arrow Electronics CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Rajesh K. Agrawal, CFO of Arrow Electronics, sold 4,414 shares of common stock on September 13, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On September 13, 2024, Rajesh K. Agrawal, the SVP and Chief Financial Officer of Arrow Electronics, Inc., disposed of 4,414 shares of common stock.
- The shares were sold at a price of $124.35 per share.
- This transaction was executed to satisfy tax withholding obligations upon the vesting of restricted stock units.
- Following the transaction, Agrawal directly owns 48,939 shares of Arrow Electronics common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 09/13/2024 | Date of transaction: Rajesh K. Agrawal sold 4,414 shares of Arrow Electronics common stock. |
| 09/17/2024 | Date of signature on the Form 4 filing. |
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