Form 4: Arrow Electronics Director Acquires Deferred Stock Units
SEC Form 4 Filing
Steven Henry Gunby, a director at Arrow Electronics, acquired deferred stock units convertible to common stock on May 15, 2024.
Summary
- On May 15, 2024, Steven Henry Gunby, a director of Arrow Electronics, Inc., acquired deferred stock units (DSUs).
- The transaction involved the acquisition of 211.57 DSUs.
- These DSUs are to 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 transaction was $129.98 per unit.
- Following the transaction, Mr. Gunby directly owns 7,460.28 shares of common stock.
Sentiment
Score: 5
Explanation: This is a neutral informational filing. It reflects a standard compensation practice for directors.
Future Outlook
The deferred stock units will be settled by the 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 standard disclosures required by the SEC when insiders, such as directors and officers, transact in their company's stock. This provides transparency to the market regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: Steven Henry Gunby acquired Deferred Stock Units. |
| 05/17/2024 | Date of signature: Lauren Stigall, Attorney-in-Fact, signed the form. |
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