Nowak Eric 4
4 · ARROW ELECTRONICS, INC. · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
Arrow (ARW) President Eric Nowak Exercises Options, Sells Shares
What Happened
- Eric Nowak, President, Global ECS of Arrow Electronics (ARW), exercised stock options and sold shares on Feb 11, 2026. He exercised 14,057 option shares (7,166 @ $81.05 and 7,891 @ $79.22) and sold a total of 12,699 shares in three open-market transactions (5,034; 3,693; 3,972).
- Proceeds and costs: the three sales generated about $1,994,886 in gross proceeds (weighted averages reported). The option exercises cost about $1,205,929 (sum of the exercise prices). Per the filing footnotes, the exercises included sell-to-cover transactions: 3,693 and 3,972 shares were sold to cover part of the exercises, leaving net shares acquired of 7,392 (3,473 + 3,919).
- This is effectively an option exercise with partial immediate sale (sell-to-cover) plus an additional open-market sale; exercises increase holdings by the net acquired amount, but sales generated cash proceeds.
Key Details
- Transaction date: February 11, 2026; Form filed February 12, 2026 (timely).
- Sales: 5,034 shares @ weighted avg $156.63 (range $155.91–$157.14 per footnote F1) = $788,475; 3,693 shares @ $157.33 = $581,020; 3,972 shares @ $157.45 = $625,391. Total proceeds ≈ $1,994,886.
- Exercises: 7,166 shares @ $81.05 = $580,804; 7,891 shares @ $79.22 = $625,125. Total exercise cost ≈ $1,205,929.
- Net shares acquired after sell-to-cover: 7,392 (footnotes F2 and F3 explain 3,693 and 3,972 were sold to cover parts of the exercises; net per exercise shown in footnotes).
- Footnotes: F1 = sale price is a weighted average across multiple trades; F2 & F3 = detail sell-to-cover and net shares acquired.
- Shares owned after transaction: not specified in the provided excerpt—see the full Form 4 for total post-transaction holdings.
Context
- This pattern (exercise + immediate sale of some shares) is a common way for insiders to pay option exercise costs and taxes; the filing shows partial sell-to-cover rather than a full disposition of all exercised shares.
- Because the insider exercised options and still netted 7,392 shares, the filing shows both liquidity-taking (sales) and a net increase in holdings—facts to note, but filing alone does not state motivations.
Insider Transaction Report
Form 4
Nowak Eric
President, Global ECS
Transactions
- Sale
Common Stock
[F1]2026-02-11$156.63/sh−5,034$788,475→ 43,509 total - Exercise/Conversion
Common Stock
2026-02-11$81.05/sh+7,166$580,804→ 50,675 total - Sale
Common Stock
[F2]2026-02-11$157.33/sh−3,693$581,020→ 46,982 total - Exercise/Conversion
Common Stock
2026-02-11$79.22/sh+7,891$625,125→ 54,873 total - Sale
Common Stock
[F3]2026-02-11$157.45/sh−3,972$625,391→ 50,901 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2026-02-11−7,166→ 0 totalExercise: $81.05From: 2020-02-19Exp: 2029-02-16→ Common Stock (7,166 underlying) - Exercise/Conversion
Employee Stock Option (Right to Buy)
2026-02-11−7,891→ 0 totalExercise: $79.22From: 2021-02-19Exp: 2030-02-19→ Common Stock (7,891 underlying)
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging in price from $155.91 to $157.14, inclusive. Full information regarding the number of shares purchased at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.
- [F2]The price reported in Column 4 is a weighted average price. 3,693 shares were exercised and sold to cover the purchase of the exercise of 7,166 shares. Net shares acquired were 3,473.
- [F3]The price reported in Column 4 is a weighted average price. 3,972 shares were exercised and sold to cover the purchase of the exercise of 7,891 shares. Net shares acquired were 3,919.
Signature
/s/ Stacey Metcalfe, Attorney-in-Fact|2026-02-12