Form 4: Arrow Electronics Director Acquires Restricted Stock Units

Director Lawrence Liren Chen acquired 626.48 restricted stock units of Arrow Electronics, Inc. on December 11, 2024.

Summary

• Lawrence Liren Chen, a director at Arrow Electronics, Inc., acquired 626.48 restricted stock units on December 11, 2024.
• These restricted stock units are scheduled to vest on the earlier of one day prior to the company's 2025 annual shareholder meeting or December 11, 2025, subject to continued service.
• The units will vest immediately in the event of death, disability, or involuntary termination without cause following a change of control.
• The restricted stock units will settle by conversion into common stock on a one-for-one basis.
• Mr. Chen has elected for these restricted stock units to settle upon separation from service on the Board of Directors.

Sentiment

Score: 7

Explanation: The document is a routine filing related to director compensation, which is generally neutral to positive. The acquisition of stock units by a director can be seen as a positive sign of alignment with shareholder interests.

Future Outlook

The restricted stock units will vest based on continued service or certain triggering events, and will convert to common stock on a one-for-one basis.

Industry Context

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

Comparison to Industry Standards

• The granting of restricted stock units to directors is a common practice in publicly traded companies as part of their compensation packages.
• The vesting schedule of these units is typical, with vesting contingent on continued service and accelerated vesting upon certain events such as death, disability, or change of control.
• Many companies use similar vesting schedules and settlement terms for their equity grants to directors and executives.

Stakeholder Impact

• The acquisition of restricted stock units by a director aligns their interests with those of shareholders.
• The vesting schedule ensures the director's continued service and commitment to the company.

Key Dates

Keywords

restricted stock units, director, stock acquisition, equity, Arrow Electronics, insider trading