Philip R. Gallagher - May 15, 2023 Form 4 Insider Report for AVNET INC (AVT)

Role
Chief Executive Officer, Director
Signature
/s/ Joy S. Newborg, Attorney-In-Fact
Stock symbol
AVT
Transactions as of
May 15, 2023
Transactions value $
-$1,353,799
Form type
4
Date filed
5/16/2023, 04:45 PM
Previous filing
Jan 6, 2023
Next filing
Aug 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVT Common Stock Options Exercise $0 +32.7K +18.57% $0.00 209K May 15, 2023 Direct
transaction AVT Common Stock Sale -$1.35M -32.7K -15.66% $41.35 176K May 15, 2023 Direct F1, F2
holding AVT Common Stock 53.6K May 15, 2023 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) Options Exercise $0 -32.7K -100% $0.00* 0 May 15, 2023 Common Stock 32.7K $39.04 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.99 to $41.73, inclusive. The reporting person undertakes to provide to Avnet, Inc., any security holder of Avnet, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to the Form 4.
F2 Includes 101,839 shares underlying Restricted Stock Units allocated but not yet vested or delivered.
F3 The option vested in four equal annual installments beginning on the first anniversary of the date of grant.