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Arrow Electronics CEO sells off $4.35M of company stock

Andrew Dodson
Arrow Electronics CEO sells off $4.35M of company stock

Arrow Electronics CEO Michael Long sold off 15 percent of his company common stock worth about $4.35 million, according an SEC filing. The company beat the street for the fourth quarter with a record-setting $7.82 billion in sales, which was a five percent increase from the previous year. The electronics components supplier saw strong design activity growth in Asia, which is notable due to reports of a slowdown in the region.