Sean J. Kerins - 28 Dec 2023 Form 4 Insider Report for ARROW ELECTRONICS, INC. (ARW)

Role
President and CEO, Director
Signature
/s/ Lauren Stigall, Attorney-in-Fact
Issuer symbol
ARW
Transactions as of
28 Dec 2023
Transactions value $
-$203,883
Form type
4
Filing time
29 Dec 2023, 17:04:36 UTC
Previous filing
01 Dec 2023
Next filing
16 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARW Common Stock Options Exercise $399K +7.04K +10.23% $56.71 75.9K 28 Dec 2023 Direct
transaction ARW Common Stock Tax liability -$603K -4.91K -6.47% $122.87 71K 28 Dec 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ARW Employee Stock Option (Right to Buy) Options Exercise $0 -7.04K -100% $0.00* 0 28 Dec 2023 Common Stock 7.04K $56.71 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a "net exercise" of 7,043 outstanding stock options. 4,910 shares were withheld by the company for payment of the exercise price and applicable taxes at a share price of $122.87. The remaining net 2,133 shares were issued to, and retained by, the reporting person.
F2 The company granted these options on February 18, 2014 under the company's 2004 Omnibus Incentive Plan, as amended. The shares subject to the option were fully vested and exercisable.