Philip R. Gallagher - Aug 23, 2021 Form 4 Insider Report for AVNET INC (AVT)

Role: Chief Executive Officer
Signature: /s/ Joy S. Newborg, Attorney-In-Fact
Stock symbol: AVT
Transactions as of: Aug 23, 2021
Transactions value $: $7,696,264
Form type: 4
Date filed: 8/24/2021, 03:12 PM
Previous filing: May 10, 2021
Next filing: Jan 7, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AVT	Common Stock	Award	$0	+63.1K	+93.35%	$0.00	131K	Aug 23, 2021	Direct	F1, F2
holding	AVT	Common Stock						53.6K	Aug 23, 2021	By Gallagher Family Trust

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	Employee Stock Option (Right to Buy)	Award	$7.7M	+194K		$39.62	194K	Aug 23, 2021	Common Stock	194K	$39.62	Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Consists of Restricted Stock Units granted as part of the long-term incentive award for fiscal 2022, which will vest in four equal annual installments beginning on January 3, 2022.
F2	Includes 113,756 shares underlying Restricted Stock Units allocated but not yet vested or delivered.
F3	Granted as part of the long-term incentive award for fiscal 2022.
F4	The Option vests in four equal installments beginning on the first anniversary of the date of grant.