Form 4: Arrow Electronics Director Michael D. Hayford Reports Acquisition of Deferred Stock Units

Director Michael D. Hayford reported the acquisition of deferred stock units in Arrow Electronics, Inc. on August 15, 2024.

Summary

• On August 15, 2024, Michael D. Hayford, a director of Arrow Electronics, Inc., acquired 211.78 deferred stock units (DSUs).
• These DSUs were issued under the Arrow Electronics, Inc. Non-Employee Directors Deferred Compensation Plan.
• The DSUs will be settled by the issuance of common stock on a one-for-one basis following death or separation from service as a director.
• Following the transaction, Hayford directly owns 423.35 shares of common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It reports a standard transaction related to director compensation.

Positives

• The acquisition of deferred stock units aligns the director's interests with the long-term performance of the company.
• The deferred compensation plan is a common practice for compensating non-employee 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 practice and provide transparency into the transactions of company insiders, such as directors, regarding the company's securities. This allows investors to monitor the actions of those with inside knowledge of the company.

Comparison to Industry Standards

• Deferred compensation plans for non-employee directors are a common practice among publicly traded companies.
• These plans often involve the issuance of deferred stock units that vest and are settled upon the director's departure from the board.
• The specific terms of these plans, such as the vesting schedule and settlement method, can vary depending on the company.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation.
• The acquisition of deferred stock units aligns the director's interests with those of the shareholders.

Key Dates