Avnet CEO awarded 29,811 shares in stock grant
AVNET INC (AVT) reported insider equity activity by Chief Executive Officer and director Philip R. Gallagher.
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Form Type
4
Rhea-AI Filing Summary
AVNET INC (AVT) reported insider equity activity by Chief Executive Officer and director Philip R. Gallagher. On 2026-08-27 he received 29,811 shares of Common Stock as a grant of performance stock units earned under a long-term incentive plan. On the same date, 12,476 shares of Common Stock were surrendered to pay taxes on the issued shares at a reported price of $87.81 per share. Gallagher continues to hold substantial equity through employee stock options and indirect ownership via the Gallagher Family Trust.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
GALLAGHER PHILIP R
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 29,811 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2, F3 | 12,476 | $87.81 | $1.10M |
| holding | Employee Stock Option (Right to Buy) F4 | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) F4 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 307,249 shares (Direct);
Employee Stock Option (Right to Buy) — 344,300 contracts (Direct);
Common Stock — 209,531 shares (Indirect, By Gallagher Family Trust)
Footnotes (4)
- F1. Consists of performance stock units earned under long-term incentive plan.
- F2. Surrendered shares to pay taxes on issued shares.
- F3. Includes 214,262 shares earned but not vested.
- F4. The option vested in four equal annual installments beginning on the first anniversary of the date of grant.
Key Figures
Performance stock units earned and granted as Common Stock: 29,811 shares
Shares surrendered to pay taxes: 12,476 shares
Tax payment price per share: $87.81 per share
+4 more
7 metrics
Performance stock units earned and granted as Common Stock
29,811 shares
Grant of Common Stock on 2026-08-27, earned under long-term incentive plan
Shares surrendered to pay taxes
12,476 shares
Code F transaction on 2026-08-27 to pay taxes on issued shares at $87.81 per share
Tax payment price per share
$87.81 per share
Applied to 12,476 surrendered shares in code F tax-liability transaction
Employee stock options underlying shares at $29.38
150,048 shares
Employee Stock Option (Right to Buy) with $29.38 exercise price expiring 2030-11-16
Employee stock options underlying shares at $39.62
194,252 shares
Employee Stock Option (Right to Buy) with $39.62 exercise price expiring 2031-08-22
Indirect Common Stock holdings by trust
209,531 shares
Common Stock held indirectly by Gallagher Family Trust as of 2026-08-27
Shares earned but not vested
214,262 shares
Footnote states indirect total includes 214,262 shares earned but not vested
Key Terms
performance stock units, long-term incentive plan, Employee Stock Option (Right to Buy), tax liability, +1 more
5 terms
performance stock units financial
"Consists of performance stock units earned under long-term incentive plan"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
long-term incentive plan financial
"Consists of performance stock units earned under long-term incentive plan"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
Employee Stock Option (Right to Buy) financial
"security_title": "Employee Stock Option (Right to Buy)""
tax liability financial
"Payment of tax liability by delivering or withholding securities"
earned but not vested financial
"Includes 214,262 shares earned but not vested"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity award did AVT CEO Philip R. Gallagher receive in this Form 4?
Philip R. Gallagher received a grant of 29,811 shares of AVT Common Stock on 2026-08-27, consisting of performance stock units earned under a long-term incentive plan. The grant was reported at $0.00 per share, reflecting a non-cash award rather than an open-market purchase.
What AVT stock options does Philip R. Gallagher hold after this filing?
Philip R. Gallagher holds employee stock options on 150,048 underlying shares of AVT at an exercise price of $29.38 expiring 2030-11-16, and options on 194,252 underlying shares at an exercise price of $39.62 expiring 2031-08-22, all held directly.
Were Gallagher’s AVT transactions in this Form 4 open-market buys or sells?
No open-market buys or sells are reported. The Form 4 shows a grant of 29,811 shares of AVT Common Stock from earned performance stock units and a tax-related surrender of 12,476 shares to cover taxes on the issued shares, rather than market transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
