Form 4: Arrow Electronics Director Acquires Deferred Stock Units

Michael D. Hayford, a director at Arrow Electronics, acquired 238.76 deferred stock units on November 15, 2024.

Summary

• Michael D. Hayford, a director of Arrow Electronics, acquired 238.76 deferred stock units on November 15, 2024.
• These deferred stock units were issued under the company's Non-Employee Directors Deferred Compensation Plan.
• The units 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 deferred stock units was $115.18 per unit.
• Following the transaction, Mr. Hayford directly owns 662.11 deferred stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally neutral to positive for investors as it aligns director interests with the company's long-term performance.

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 standard transaction for director compensation in publicly traded companies, using deferred stock units as part of a long-term incentive plan.

Comparison to Industry Standards

• Deferred stock units are a common form of compensation for non-employee directors in publicly traded companies.
• Many companies use similar plans to align director interests with long-term shareholder value.
• The vesting and settlement terms are typical for these types of awards, usually triggered by separation from service or death.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the long-term performance of the company.

Key Dates

Keywords

Deferred Stock Units, Director Compensation, Form 4, Arrow Electronics, Stock Acquisition, Non-Employee Directors