Avnet officer plans sale of 13,000 shares
AVNET INC (AVT) received a Rule 144 notice for a proposed sale of 13,000 shares of its common stock held for the account of officer Chan Leng Jin.
Rhea-AI Filing Summary
AVNET INC (AVT) received a Rule 144 notice for a proposed sale of 13,000 shares of its common stock held for the account of officer Chan Leng Jin. The shares were acquired through restricted stock vesting awards on January 2, 2024, January 2, 2025, and August 21, 2025 as compensation, with Fidelity Brokerage Services LLC listed as broker.
Positive
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Negative
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Key Figures
Shares proposed to be sold: 13,000 shares
Restricted stock vesting on January 2, 2024: 5,293 shares
Restricted stock vesting on January 2, 2025: 5,126 shares
+1 more
4 metrics
Shares proposed to be sold
13,000 shares
Common stock sale for account of officer Chan Leng Jin under Rule 144
Restricted stock vesting on January 2, 2024
5,293 shares
Common stock acquired from issuer as compensation via restricted stock vesting
Restricted stock vesting on January 2, 2025
5,126 shares
Common stock acquired from issuer as compensation via restricted stock vesting
Restricted stock vesting on August 21, 2025
2,581 shares
Common stock acquired from issuer as compensation via restricted stock vesting
Key Terms
Rule 144, restricted stock vesting, attorney-in-fact
3 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
restricted stock vesting financial
"Common | 01/02/2024 | Restricted Stock Vesting | Issuer"
Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.
attorney-in-fact regulatory
"as attorney-in-fact for Leng Chan"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 144 filing disclose for AVT?
The filing discloses that 13,000 shares of AVNET INC (AVT) common stock are planned to be sold under Rule 144 for the account of officer Chan Leng Jin, with Fidelity Brokerage Services LLC acting as broker and the stock listed on NASDAQ.
What is the role of Fidelity Brokerage Services LLC in the AVT Form 144?
Fidelity Brokerage Services LLC is listed as the broker for the proposed sale of 13,000 AVT common shares and its representative Daniel Tucci signed the notice as a duly authorized representative and attorney-in-fact for Chan Leng Jin.
AI-generated analysis. How Rhea-AI works. Not financial advice.