Avnet Inc (AVT) CEO trades 51,900 shares after exercising options
Rhea-AI Filing Summary
Avnet Inc Chief Executive Officer Philip R. Gallagher reported an option exercise-and-sell sequence. On 2026-08-12, he exercised employee stock options covering 51,900 shares of common stock at strike prices of $39.72 and $29.38, receiving 51,900 shares. That same day, he sold 51,900 common shares in open-market transactions at prices ranging from $98.43 to $98.74, with a volume-weighted average price of $98.46. Following these transactions, he retained direct employee stock options over 194,252 underlying shares at an exercise price of $39.62, and held 209,531 common shares indirectly through the Gallagher Family Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 51,900 shares ($3.26M approx. pre-tax spread)
Exercise and Sale
8 txns
Insider
GALLAGHER PHILIP R
Role
Chief Executive Officer
Sold
51,900 shs ($5.11M)
Approx. gross sale proceeds
$5.11M
Approx. exercise cost
$1.85M
Approx. pre-tax spread
$3.26M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) F2 | 31,900 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (Right to Buy) F2 | 20,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 31,900 | $39.72 | $1.27M |
| Exercise | Common Stock | 20,000 | $29.38 | $588K |
| Sale | Common Stock F1 | 31,900 | $98.46 | $3.14M |
| Sale | Common Stock | 20,000 | $98.46 | $1.97M |
| holding | Employee Stock Option (Right to Buy) F2 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 344,300 shares (Direct);
Common Stock — 168,923 shares (Direct);
Common Stock — 209,531 shares (Indirect, By Gallagher Family Trust)
Footnotes (2)
- F1. These shares were sold in multiple transactions at prices ranging from $98.43 to $98.74, with an average of $98.46. Upon request, the reporting person will provide the number of shares sold at each price to Avnet, any Avnet security holder, or the SEC.
- F2. The option vested in four equal annual installments beginning on the first anniversary of the date of grant.
Key Figures
Options exercised: 51,900 shares
Sale volume: 51,900 shares
Sale price range: $98.43–$98.74 per share
+4 more
7 metrics
Options exercised
51,900 shares
Employee stock options exercised on 2026-08-12
Sale volume
51,900 shares
Common shares sold on 2026-08-12
Sale price range
$98.43–$98.74 per share
Multiple sale transactions with average $98.46
Average sale price
$98.46 per share
Volume-weighted average price for 51,900 sold shares
Option exercise prices
$39.72 and $29.38 per share
Strike prices of exercised employee stock options
Remaining option underlying shares
194,252 shares
Direct employee stock options at $39.62, expiring 2031-08-22
Indirect common shares
209,531 shares
Common stock held indirectly by Gallagher Family Trust
Key Terms
Employee Stock Option (Right to Buy), derivative security, indirect ownership
3 terms
Employee Stock Option (Right to Buy) financial
"security_title: Employee Stock Option (Right to Buy)"
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
indirect ownership financial
"ownership_type: indirect, nature_of_ownership: By Gallagher Family Trust"
FAQ
What did Avnet (AVT) CEO Philip Gallagher report in this Form 4?
Philip Gallagher reported exercising 51,900 stock options and selling 51,900 common shares of Avnet Inc on 2026-08-12, while retaining substantial option and indirect share holdings.
What stock options did the Avnet (AVT) CEO exercise in this filing?
He exercised employee stock options for 31,900 shares at $39.72 and 20,000 shares at $29.38 per share, converting these derivative securities into an equal number of Avnet common shares.
What Avnet (AVT) equity does the CEO still hold after these transactions?
After the reported transactions, Philip Gallagher held employee stock options over 194,252 underlying shares at a $39.62 exercise price and 209,531 common shares indirectly through the Gallagher Family Trust.
Were the Avnet (AVT) CEO’s sales part of multiple trades?
Yes. The Form 4 states the 51,900 shares were sold in multiple transactions, with prices ranging from $98.43 to $98.74; the average sale price reported was $98.46 per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
