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ARROW ELECTRONICS, INC. — Director's Dealing 2024
Feb 23, 2024
30895_dirs_2024-02-23_3f7ed100-d98b-48a8-8396-e8bff96314ae.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ARROW ELECTRONICS, INC. (ARW)
CIK: 0000007536
Period of Report: 2024-02-21
Reporting Person: Zech Gretchen (SVP, Chief Gov, Sust, HR Offr)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-21 | Common Stock | A | 6517 | $115.09 | Acquired | 31994 | Direct |
| 2024-02-22 | Common Stock | A | 8544 | $116.08 | Acquired | 40538 | Direct |
| 2024-02-22 | Common Stock | F | 3739 | $116.08 | Disposed | 36799 | Direct |
Footnotes
F1: This award of restricted stock units ("RSUs") is contingent upon the Company achieving a net income, as adjusted, of greater than zero in the fiscal year of the grant. As a result, it is subject to forfeiture if the Company does not meet that net income amount. The award will vest in four (4) equal installments, starting on February 21, 2025, and each anniversary thereof. RSUs settle in Common Stock of the Company on a one-for-one basis.
F2: Represents Common Stock earned from the vesting and settlement of a performance stock unit ("PSU") grant made on February 17, 2021, which grant was subject to a three-year performance period. The Company's PSUs settle, if earned over the related performance period, on a one-for-one basis in the Company's Common Stock.
F3: Represents shares withheld to satisfy tax withholding obligations upon the vesting of the above-described PSUs.