Kerins Sean J 4
4 · ARROW ELECTRONICS, INC. · Filed Feb 23, 2024
Insider Transaction Report
Form 4
Kerins Sean J
President, Global ECS
Transactions
- Award
Common Stock
2024-02-21$115.09/sh+17,378$2,000,034→ 84,150 total - Tax Payment
Common Stock
2024-02-22$116.08/sh−6,615$767,869→ 92,652 total - Award
Common Stock
2024-02-22$116.08/sh+15,117$1,754,781→ 99,267 total
Footnotes (3)
- [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.