Form 4: Arrow Electronics Director Steven Gunby Acquires Restricted Stock Units

Director Steven Henry Gunby acquired 2,637.38 Restricted Stock Units of Arrow Electronics, Inc. on May 7, 2024, scheduled to vest on May 7, 2025, or earlier under certain conditions.

Summary

• On May 7, 2024, Steven Henry Gunby, a director of Arrow Electronics, Inc., acquired 2,637.38 Restricted Stock Units (RSUs).
• 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.
• Immediate vesting occurs in the event of death, disability, or involuntary termination without cause following a change of control.
• The RSUs will be settled by conversion into Common Stock on a one-for-one basis.
• Mr. Gunby has elected for these RSUs to settle upon separation from service on the Board of Directors.
• Following the transaction, Mr. Gunby directly owns 15,966.02 shares of Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard insider transaction. The acquisition of RSUs by a director is generally viewed positively, but it's not a major event.

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. Mr. Gunby has elected for these Restricted Stock Units to settle upon separation from service on the Board of Directors.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates a director's acquisition of company stock, which is a common practice in corporate governance.

Stakeholder Impact

• The acquisition of RSUs by a director can positively influence shareholder confidence.

Key Dates