Form 4: Arrow Electronics Executive Gretchen Zech Reports Stock Transactions
SEC Form 4 Filing
Gretchen Zech, SVP, Chief Gov, Sust, HR Offr at Arrow Electronics, reports acquisition of 4,698 shares and disposal of 2,083 shares to cover tax obligations.
Summary
- On February 12, 2025, Gretchen Zech, an officer at Arrow Electronics, acquired 4,698 shares of common stock at a price of $106.82 per share due to the vesting and settlement of Performance Stock Units (PSUs).
- On the same day, Zech disposed of 2,083 shares of common stock at $106.82 per share to satisfy tax withholding obligations related to the vesting of the PSUs.
- Following these transactions, Zech directly owns 47,313 shares of Arrow Electronics common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects routine stock transactions related to executive compensation. The vesting of PSUs suggests positive performance, but the tax-related disposal is a standard procedure.
Positives
- The vesting of Performance Stock Units indicates that performance goals were met, which is a positive signal.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices involving stock-based awards.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| February 16, 2022 | Date of the Performance Stock Unit (PSU) grant, subject to a three-year performance period. |
| February 12, 2025 | Date of stock acquisition and disposal due to PSU vesting and tax obligations. |
| February 13, 2025 | Date of signature on the Form 4 filing. |
Keywords
Arrow Electronics, Gretchen Zech, Form 4, Stock Transaction, Performance Stock Units, PSU, Tax Withholding, Beneficial Ownership
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