Jean-Claude Carine Lamercie 4

What Happened
Jean-Claude Carine Lamercie, Senior Vice President, CLCO and Secretary of Arrow Electronics (ARW), exercised stock options and immediately sold the resulting shares on 2026-02-23. She exercised 2,187 options with a $73.86 exercise price (cost $161,532) and 1,891 options with an $81.95 exercise price (cost $154,967), for a total exercise cost of $316,499. The exercised shares (4,078 total) were sold in the open market the same day at $160.00 per share, producing gross proceeds of $652,480. The filing also records the conversion/disposition of the derivative instruments associated with those options.

Key Details

• Transaction date: 2026-02-23 (filed 2026-02-24; timely filing)
• Option exercises: 2,187 shares @ $73.86 (cost $161,532); 1,891 shares @ $81.95 (cost $154,967)
• Open-market sales: 2,187 shares @ $160.00 (proceeds $349,920); 1,891 shares @ $160.00 (proceeds $302,560)
• Total shares exercised/sold: 4,078; total proceeds: $652,480; total exercise cost: $316,499; gross cash difference: $335,981 (proceeds minus exercise cost)
• Footnotes: Options were granted under the company's 2004 Omnibus Incentive Plan — 2,187 options granted 2/21/2017 (fully vested) and 1,891 options granted 2/20/2018 (fully vested)
• Shares owned after transaction: Not disclosed in the provided excerpt
• Transaction codes: M = option exercise/conversion, S = open-market sale

Context

• This was an exercise of previously granted, fully vested options followed by same-day sales of the resulting shares (a cashless or simultaneous exercise-and-sell pattern). The filing shows both the acquisition from exercising the option and the subsequent sale/conversion of the derivative instrument. The filing does not state a reason for the sales; Form 4s report transactions but do not explain motivation.