Brenda Freeman - Jan 2, 2024 Form 4 Insider Report for AVNET INC (AVT)

Role
Director
Signature
/s/ Darrel S. Jackson, Attorney-In-Fact
Stock symbol
AVT
Transactions as of
Jan 2, 2024
Transactions value $
$0
Form type
4
Date filed
1/3/2024, 06:11 PM
Previous filing
Dec 21, 2023
Next filing
Feb 23, 2024

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 +15.72% $0.00 26.8K Jan 2, 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.