Form 4: Arrow Electronics Director, Mary T. McDowell, Reports Acquisition of Restricted Stock Units

Mary T. McDowell, a director at Arrow Electronics, reported the acquisition of 1,456.47 Restricted Stock Units (RSUs) convertible to common stock on May 7, 2024.

Summary

• On May 9, 2024, a Form 4 filing was submitted to the SEC by Lauren Stigall, Attorney-in-Fact, on behalf of Mary T. McDowell, a director of Arrow Electronics, Inc.
• The filing reports a transaction that occurred on May 7, 2024, where McDowell acquired 1,456.47 Restricted Stock Units (RSUs) at a price of $127.02.
• These RSUs are scheduled to vest on the earlier of May 7, 2025, or one day prior to the company's 2025 annual shareholder meeting, contingent upon continued service.
• The RSUs will immediately vest in the event of death, disability, or involuntary termination without cause following a change of control.
• Each RSU settles by conversion into one share of Common Stock.
• Following the reported transaction, McDowell beneficially owns 2,976.11 shares of common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment. The filing is a routine disclosure of stock-based compensation. It doesn't inherently indicate positive or negative sentiment, but rather provides transparency into insider transactions.

Positives

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

Future Outlook

The RSUs are scheduled to vest on the earlier of May 7, 2025, or one day prior to the company's 2025 annual shareholder meeting, subject to continued service.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a director's acquisition of RSUs, which is a common form of executive compensation.

Stakeholder Impact

• The acquisition of RSUs by a director can be viewed positively by shareholders as it aligns the director's interests with the company's long-term success.

Key Dates