Hughes Lily Yan 4
4 · ARROW ELECTRONICS INC · Filed Feb 21, 2020
Insider Transaction Report
Form 4
Hughes Lily Yan
SVP & Chief Legal Officer
Transactions
- Award
Common Stock
2020-02-19$79.22/sh+2,525$200,031→ 30,296 total - Award
Employee Stock Option (Right to Buy)
2020-02-19+9,712→ 9,712 totalExercise: $79.22From: 2021-02-19Exp: 2030-02-19→ Common Stock (9,712 underlying)
Footnotes (1)
- [F1]This award 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. This represents a change from the way this type of grant was reported in the past. In prior years, the Reporting Person did not file a Form 4 for this type of grant until after the Company attained a net income, as adjusted, of greater than zero. Restricted Stock Units settle on a one-for-one basis, subject to a graded vesting schedule.