President of Global ECS sold 3,473 ARW shares at $210.98 on 2026-05-20; stock up 19.5% in 30 days and 35.5% in 90 days post-sale
Eric Nowak, President of Global ECS at Arrow Electronics, sold 3,473 shares (-6.6% of pre-transaction holdings) at $210.98 on 2026-05-20, reducing his stake to 48,835 shares. Over the 90 days following the sale, ARW shares gained 35.5%, indicating this particular sale was poorly timed; the insider sold before a sustained rally. Examining Nowak's prior trades at ARW, 3 of 4 preceding sells (all on 2026-02-11) showed 90-day returns of +28.0% to +28.6%, meaning he had similarly sold before rebounds. His cross-ticker track record shows a 25% well-timed sell rate across all holdings, below the typical threshold for skill-based timing. The company's fundamentals remain solid (P/E of 19.29, annual revenue growth of +10.5%, and $9.5B in quarterly revenue), providing no obvious catalyst for asset reduction.