Form 4: Arrow Electronics Executive Reports Stock Transactions Following PSU Vesting
SEC Form 4 Filing
Richard John Marano, President of Global Components at Arrow Electronics, reports acquiring shares from vested performance stock units (PSUs) and disposing of shares to cover tax obligations.
Summary
- On February 12, 2025, Richard John Marano, President, Global Components of Arrow Electronics, acquired 1,722 shares of common stock at $106.82 per share due to the vesting of Performance Stock Units (PSUs).
- Marano also disposed of 788 shares at $106.82 per share to satisfy tax withholding obligations related to the PSU vesting.
- Following these transactions, Marano beneficially owns 22,335 shares of Arrow Electronics common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
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 withholding. |
| February 13, 2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Arrow Electronics, Richard John Marano, PSU, Stock Transaction, Beneficial Ownership
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