Yun Sung Cho - Feb 21, 2024 Form 4 Insider Report for ARROW ELECTRONICS, INC. (ARW)

Signature
/s/ Lauren Stigall, Attorney-in-Fact
Stock symbol
ARW
Transactions as of
Feb 21, 2024
Transactions value $
$132,498
Form type
4
Date filed
2/23/2024, 04:40 PM
Next filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARW Common Stock Award $75K +652 +66.46% $115.09 1.63K Feb 21, 2024 Direct F1
transaction ARW Common Stock Award $87.8K +756 +46.3% $116.08 2.39K Feb 22, 2024 Direct F2
transaction ARW Common Stock Tax liability -$30.3K -261 -10.93% $116.08 2.13K Feb 22, 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.