Form 4: Arrow Electronics Director Acquires Deferred Stock Units

Director Andrew Charles Kerin acquired 238.76 deferred stock units of Arrow Electronics, Inc. on November 15, 2024.

Summary

• Andrew Charles Kerin, a director at Arrow Electronics, Inc., acquired 238.76 deferred stock units (DSUs) on November 15, 2024.
• These DSUs were granted 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.
• Following this transaction, Mr. Kerin directly owns 13,280.7 deferred stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally neutral to positive. It indicates alignment of director interests with the company's long-term performance.

Future Outlook

The deferred stock units will be converted to common stock upon the director's death or separation from service.

Industry Context

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

Comparison to Industry Standards

• Deferred stock units are a common form of compensation for directors in publicly traded companies.
• The terms of the plan, such as settlement upon separation from service, are typical for these types of awards.
• Many companies, such as Texas Instruments (TXN) and Avnet (AVT), use similar compensation structures for their board members.

Stakeholder Impact

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

Key Dates

Keywords

Deferred Stock Units, Director Compensation, Form 4, Insider Trading, Arrow Electronics, ARW