Form 4: Arrow Electronics Director Acquires Deferred Stock Units
SEC Form 4 Filing
Director Andrew Charles Kerin acquired 211.78 Deferred Stock Units (DSUs) of Arrow Electronics, Inc. on August 15, 2024, under the Non-Employee Directors Deferred Compensation Plan.
Summary
- On August 15, 2024, Andrew Charles Kerin, a director of Arrow Electronics, Inc., acquired 211.78 Deferred Stock Units (DSUs).
- These DSUs were issued under the Arrow Electronics, Inc. Non-Employee Directors Deferred Compensation Plan.
- The DSUs will be settled by the issuance of Common Stock on a one-for-one basis following death or separation from service as a director.
- The price of the DSUs was $129.85.
- Following the transaction, Kerin directly owns 13,041.94 shares of Common Stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects a standard transaction related to director compensation.
Future Outlook
The Deferred Stock Units will be settled by issuance of Common Stock on a one-for-one basis following death or separation from service as a director.
Industry Context
Form 4 filings are routine disclosures of transactions by company insiders and are a normal part of corporate governance.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of transaction: Andrew Charles Kerin acquired 211.78 Deferred Stock Units. |
| 08/19/2024 | Date of signature: Form 4 signed by Lauren Stigall, Attorney-in-Fact. |
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