Form 4: Arrow Electronics Executive Reports Stock Transactions Following PSU Vesting
SEC Form 4 Filing
Yun Sung Cho, VP, Corp. Cont., & CAO of Arrow Electronics, reports acquiring 360 shares of common stock from vested Performance Stock Units (PSUs) and disposing of 123 shares to cover tax obligations.
Summary
- On February 12, 2025, Yun Sung Cho, VP, Corp. Cont., & CAO of Arrow Electronics, acquired 360 shares of common stock at $106.82 per share due to the vesting of Performance Stock Units (PSUs).
- On the same day, Cho disposed of 123 shares at $106.82 per share to satisfy tax withholding obligations related to the PSU vesting.
- Following these transactions, Cho directly owns 2,323 shares of Arrow Electronics common stock.
Sentiment
Score: 5
Explanation: The document reflects routine stock transactions related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Positives
- The vesting of PSUs indicates that performance goals were met over the three-year performance period.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and do not represent a significant change in the company's financial position.
Key Dates
| Date | Description |
|---|---|
| February 16, 2022 | Date of the Performance Stock Unit (PSU) grant. |
| February 12, 2025 | Date of the stock acquisition and disposal due to PSU vesting and tax withholding. |
| February 13, 2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Stock Transaction, Arrow Electronics, PSU, Yun Sung Cho, Vesting, Tax Withholding
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