Oleg Khaykin - Jan 3, 2023 Form 4 Insider Report for AVNET INC (AVT)

Role
Director
Signature
/s/ Joy S. Newborg, Attorney-In-Fact
Stock symbol
AVT
Transactions as of
Jan 3, 2023
Transactions value $
$0
Form type
4
Date filed
1/5/2023, 10:53 AM
Previous filing
Dec 22, 2022
Next filing
Mar 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AVT Common Stock 9K Jan 3, 2023 Direct

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 +741 +2.56% $0.00 29.7K Jan 3, 2023 Common Stock 741 Direct F1, F2
transaction AVT Phantom Stock Units Award $0 +4.33K +14.62% $0.00 34K Jan 3, 2023 Common Stock 4.33K Direct F1, F3
* 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 $41.327 per share.
F3 The reporting person has elected to defer 100% of the director's annual stock grant, whereby PSUs were issued in lieu, pursuant to the Avnet, Inc. Deferred Compensation Plan for Outside Directors. The directors' annual stock grant was based on $41.53 per share.