Hayford Michael D 4

What Happened

• Michael D. Hayford, a director of Arrow Electronics, was granted 176.07 deferred stock units (DSUs) on February 13, 2026. The award is reported as a derivative grant (code A) with an acquisition price of $0.00, so no cash was exchanged at grant. The reported value at grant is $0 on the Form 4.

Key Details

• Transaction date: 2026-02-13 (reported on Form 4 filed 2026-02-17)
• Transaction type/code: Award/Grant (A) of 176.07 DSUs at $0.00
• Reported dollar consideration: $0
• Shares owned after transaction: not specified in the Form 4
• Footnote: DSUs were issued under the Arrow Electronics, Inc. Non‑Employee Directors Deferred Compensation Plan and are settled one-for-one in common stock upon the director’s death or separation from service (per footnote F1)
• Timeliness: Form filed 2026-02-17; filing appears timely relative to the reported transaction date

Context

• These DSUs are a form of deferred director compensation, not an open‑market purchase or sale. They are derivative units that convert to common shares later (on separation or death), so the grant reflects compensation rather than an immediate investment signal.