Form 4: Arrow Electronics Director Acquires Restricted Stock Units

Steven Henry Gunby, a director at Arrow Electronics, acquired 2,997.66 restricted stock units convertible to common stock on May 6, 2025.

Summary

• On May 6, 2025, Steven Henry Gunby, a director of Arrow Electronics, acquired 2,997.66 restricted stock units.
• These restricted stock units will convert into common stock on a one-for-one basis.
• The price of the restricted stock units was $115.09.
• The restricted stock units are scheduled to vest on the earlier of May 6, 2026, or one day prior to the company's 2026 annual shareholder meeting, subject to continued service.
• Immediate vesting occurs in the event of death, disability, or involuntary termination without cause following a change of control.
• Mr. Gunby has elected for these Restricted Stock Units to settle upon separation from service on the Board of Directors.
• Following the transaction, Mr. Gunby beneficially owns 18,963.68 shares of common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The acquisition of restricted stock units by a director is generally a good sign, indicating confidence in the company's future. However, it's a routine transaction and doesn't necessarily indicate a major shift in the company's prospects.

Positives

• The acquisition of restricted stock units by a director signals confidence in the company's future performance.

Future Outlook

The restricted stock units are scheduled to vest on the earlier of May 6, 2026, or one day prior to the company's 2026 annual shareholder meeting, subject to continued service. Mr. Gunby has elected for these Restricted Stock Units to settle upon separation from service on the Board of Directors.

Industry Context

Director stock acquisitions are common in the electronics industry and are often seen as a positive sign of management's confidence in the company's prospects. Monitoring these transactions can provide insights into management's view of the company's valuation and future performance.

Comparison to Industry Standards

• Stock ownership and equity-based compensation are standard practices for directors in publicly traded companies like Arrow Electronics.
• Companies such as Avnet and TTI, which are competitors of Arrow Electronics, also utilize similar compensation structures for their board members.
• The vesting schedules and terms of these equity grants are generally aligned with industry norms to incentivize long-term value creation and retention.

Stakeholder Impact

• The acquisition of restricted stock units by a director can have a slightly positive impact on shareholder sentiment, as it signals confidence in the company's future performance.

Key Dates

Keywords

Arrow Electronics, Director, Restricted Stock Units, ARW, Beneficial Ownership, Form 4, Gunby, Vesting