OLEG KHAYKIN - 01 Jul 2021 Form 4 Insider Report for AVNET INC (AVT)

Role
Director
Signature
/s/ Darrel S. Jackson, Attorney-In-Fact
Issuer symbol
AVT
Transactions as of
01 Jul 2021
Transactions value $
$26,861
Form type
4
Filing time
02 Jul 2021, 17:28:58 UTC
Previous filing
24 Jun 2021
Next filing
31 Aug 2021
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AVT Phantom Stock Units Award $26.9K +668 +3.4% $40.21 20.3K 01 Jul 2021 Common Stock 668 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Phantom Stock Unit ("PSU") is the economic equivalent of one share of the Issuer's common stock, and is to be settled in the Issuer's common stock on a one-for-one basis after cessation of the reporting person's membership on the Issuer's Board or upon change of control of the Issuer.
F2 The reporting person has elected to defer 100% of the director's cash retainer, which is paid in quarterly installments, whereby PSUs were issued in lieu pursuant to the Avnet, Inc. Deferred Compensation Plan for Outside Directors. The PSUs were issued based on $40.2110 per share.