Brenda Freeman - 03 Jan 2022 Form 4 Insider Report for AVNET INC (AVT)

Role
Director
Signature
/s/ Joy S. Newborg, Attorney-In-Fact
Issuer symbol
AVT
Transactions as of
03 Jan 2022
Net transactions value
$0
Form type
4
Filing time
04 Jan 2022, 11:45:27 UTC
Previous filing
16 Dec 2021
Next filing
17 Mar 2022
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 $0 +3,856 +28% $0.000000 17,754 03 Jan 2022 Common Stock 3,856 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 In regards to the director annual grant of stock, based on $41.49 per share. The reporting person has elected to defer 100% of the director's annual stock grant, whereby Phantom Stock Units ("PSUs") were issued in lieu pursuant to the Avnet, Inc. Deferred Compensation Plan for Outside Directors.