Form 4: Arrow Electronics Director Acquires Deferred Stock Units

Steven Henry Gunby, a director at Arrow Electronics, acquired 238.76 deferred stock units on November 15, 2024.

Summary

• Steven Henry Gunby, a director of Arrow Electronics, acquired 238.76 deferred stock units on November 15, 2024.
• These deferred stock units (DSUs) were issued under the company's Non-Employee Directors Deferred Compensation Plan.
• The DSUs will be settled by issuing common stock on a one-for-one basis after the director's death or separation from service.
• The price of the underlying common stock at the time of the transaction was $115.18 per share.
• Following this transaction, Mr. Gunby directly owns 7,910.82 deferred stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is neither particularly positive nor negative. It is a standard practice and does not indicate any significant change in the company's outlook.

Future Outlook

The deferred stock units will be settled by issuing common stock on a one-for-one basis following death or separation from service as a director.

Industry Context

This is a routine transaction related to director compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Deferred stock unit grants are a common form of compensation for non-employee directors in publicly traded companies.
• Many companies, such as Texas Instruments (TXN) and Analog Devices (ADI), use similar deferred compensation plans for their directors.
• The vesting and settlement terms of these plans are generally consistent across the industry, with settlement typically occurring upon separation from service or death.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the issuance of a small number of shares in the future.
• The transaction is part of the compensation package for a director, which is a standard practice.

Key Dates

Keywords

Deferred Stock Units, Director, Stock Acquisition, Arrow Electronics, Compensation Plan, Form 4, ARW