Form 4: Arrow Electronics SVP, CLO & Secretary Reports Stock Transactions
SEC Form 4 Filing
Jean-Claude Carine Lamercie, SVP, CLO & Secretary of Arrow Electronics, reports acquisition and disposal of common stock related to performance stock unit vesting.
Summary
- On February 12, 2025, Jean-Claude Carine Lamercie, SVP, CLO & Secretary of Arrow Electronics, acquired 2,193 shares of common stock at $106.82 per share due to the vesting and settlement of a Performance Stock Unit (PSU) grant from February 16, 2022.
- Simultaneously, 1,009 shares were disposed of at $106.82 per share to cover tax withholding obligations related to the PSU vesting.
- Following these transactions, Lamercie beneficially owns 20,869 shares of Arrow Electronics common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the document primarily reports routine stock transactions related to executive compensation. There are no indications of significant positive or negative developments.
Positives
- The vesting of PSUs indicates that performance targets were met over the three-year performance period.
Future Outlook
There are no explicit forward-looking statements in this document.
Industry Context
This 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.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies like Arrow Electronics, similar to filings made by executives at comparable companies such as Avnet or Future Electronics.
- The vesting of PSUs is a common form of executive compensation, aligning executive incentives with company performance, a practice seen across the electronics distribution industry.
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 |
|---|---|
| 02/16/2022 | Date of the Performance Stock Unit (PSU) grant. |
| 02/12/2025 | Date of stock acquisition and disposal due to PSU vesting and tax withholding. |
| 02/13/2025 | Date of signature on the Form 4 filing. |
Keywords
Arrow Electronics, Stock Transaction, Form 4, PSU, Vesting, Beneficial Ownership, Jean-Claude Carine Lamercie
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