Marano Richard John 4

What Happened
Richard John Marano, President, Global Components at Arrow Electronics (ARW), had performance-based equity vest on Feb 11, 2026. The filing shows 1,206 shares were acquired at $0.00 (vesting/settlement of PSUs). To satisfy tax-withholding obligations, 554 shares were withheld (disposed) at $157.81 each ($87,427) and 975 shares were withheld (disposed) at $157.81 each ($153,865), for a combined withholding value of roughly $241,292. This was an award/settlement event and routine tax withholding — not an open-market sale or purchase signal about the stock.

Key Details

• Transaction date: Feb 11, 2026; Form 4 filed Feb 13, 2026 (filed within the typical 2-business-day window).
• Acquired: 1,206 shares @ $0.00 (PSU vesting/settlement).
• Withheld/disposed for taxes: 554 shares @ $157.81 = $87,427 (F2); 975 shares @ $157.81 = $153,865 (F3). Total withholding ≈ $241,292.
• Net change reported on this filing: -323 shares (1,206 acquired vs. 1,529 withheld), though F3 indicates the 975-share withholding relates to RSU tax obligations and may reflect prior awards.
• Footnotes: F1 = shares earned from PSU vesting; F2 = shares withheld for PSU tax withholding; F3 = shares withheld for RSU tax withholding.
• Shares owned after the transaction: not disclosed in the provided summary of the filing.

Context
This was a standard equity award vesting with shares withheld to cover tax liabilities (code A = award/acquisition; code F = tax withholding). Withholding of shares to satisfy taxes is routine and does not necessarily indicate the insider is selling additional shares for investment reasons.