Form 4: Arrow Electronics Director Kerin Acquires and Disposes of Shares in Recent Transactions

Director Andrew Charles Kerin reports acquisition and disposal of Arrow Electronics shares through restricted stock unit settlement and deferred stock unit acquisition.

Summary

• Andrew Charles Kerin, a director at Arrow Electronics, reported changes in beneficial ownership.
• On May 16, 2024, Kerin settled 1,468.74 Restricted Stock Units (RSUs) for common stock at a price of $129.77 per share.
• Also, on May 15, 2024, Kerin acquired 211.57 Deferred Stock Units (DSUs) under the Arrow Electronics, Inc. Non-Employee Directors Deferred Compensation Plan.
• Following these transactions, Kerin directly owns 12,830.16 Deferred Stock Units and 14,804.32 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company director, indicating neutral sentiment.

Future Outlook

Deferred Stock Units are settled by issuance of Common Stock on a one-for-one basis following death or separation from service as a director.

Industry Context

This filing is a routine disclosure of stock transactions by a company director, which is common in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding director stock ownership.
• The transactions have a minimal impact on employees, customers, suppliers, and creditors.

Key Dates