Form 4: Director Gunby Acquires ARW Deferred Stock Units

Arrow Electronics Director Steven Gunby acquired 254.25 deferred stock units, increasing his beneficial ownership to 8,867.43 units.

Summary

• Steven Henry Gunby, a Director of Arrow Electronics, Inc. (ARW), acquired 254.25 Deferred Stock Units (DSUs).
• The transaction occurred on November 14, 2025.
• These DSUs were issued under the company's Non-Employee Directors Deferred Compensation Plan.
• Each DSU represents one share of Common Stock and will be settled on a one-for-one basis following death or separation from service as a director.
• Following this acquisition, Mr. Gunby beneficially owns a total of 8,867.43 Deferred Stock Units.

Sentiment

Score: 7

Explanation: The acquisition of Deferred Stock Units by a director, even as part of a compensation plan, generally indicates continued alignment of interests with the company's long-term performance and can be viewed as a positive signal of confidence.

Positives

• A director, Steven Henry Gunby, increased his beneficial ownership in Arrow Electronics by acquiring 254.25 Deferred Stock Units.
• The acquisition of DSUs by a director, even as part of a compensation plan, can signal confidence in the company's future performance and aligns director interests with long-term shareholder value.

Risks

• The value of the Deferred Stock Units is tied to the future performance of Arrow Electronics' common stock, exposing the holder to market fluctuations.

Future Outlook

The Deferred Stock Units are designed to align the interests of non-employee directors with long-term shareholder value, as they are settled upon death or separation from service as a director.

Industry Context

The use of Deferred Stock Units is a common practice in corporate governance to compensate non-employee directors and align their interests with long-term company performance, particularly in the electronics distribution industry.

Corporate Governance

Related Party Transactions

• The acquisition of Deferred Stock Units by Director Steven Henry Gunby is part of the company's Non-Employee Directors Deferred Compensation Plan, representing a standard compensation arrangement with a related party.

Stakeholder Impact

• Shareholders: The acquisition of DSUs by a director can be seen as a positive signal, indicating alignment of interests and confidence in the company's future.
• Directors: The compensation plan provides a mechanism for non-employee directors to receive equity-based compensation, aligning their incentives with long-term company performance.

Key Dates

Recommendation

This Form 4 reports a routine acquisition of Deferred Stock Units by a director as part of a compensation plan. While it signals continued alignment of director interests with long-term shareholder value, it does not present new information significant enough to alter a fundamental investment thesis or warrant a strong buy or sell recommendation. Therefore, a 'hold' recommendation is appropriate, maintaining current positions based on broader company fundamentals.

Keywords

Arrow Electronics, ARW, Steven Gunby, Deferred Stock Units, DSU, Insider Transaction, Form 4, Director Compensation, Equity Acquisition