ERNEST E. MADDOCK - 02 Jan 2024 Form 4 Insider Report for AVNET INC (AVT)

Role
Director
Signature
/s/ Darrel S. Jackson, Attorney-In-Fact
Issuer symbol
AVT
Transactions as of
02 Jan 2024
Transactions value $
$0
Form type
4
Filing time
03 Jan 2024, 16:15:08 UTC
Previous filing
21 Dec 2023
Next filing
05 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AVT Common Stock 5.27K 02 Jan 2024 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 +3.64K +81.9% $0.00 8.09K 02 Jan 2024 Common Stock 3.64K 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") equals one share of the Issuer's common stock, and will be settled in the Issuer's common stock after the reporting person leaves the Issuer's Board or upon change of control of the Issuer.
F2 The reporting person deferred 100% of the annual stock grant, so PSUs were issued pursuant to the Avnet, Inc. Deferred Compensation Plan for Outside Directors. The directors' annual stock grant was based on $49.42 per share.