Avnet (AVT) Form 4 — 213 Phantom Stock Units Granted to Director; Ownership Updated

Rhea-AI Filing Summary

Brenda Freeman, a director of Avnet, Inc. (AVT), acquired 213 Phantom Stock Units on 09/26/2025. Each PSU converts to one share of Avnet common stock and will be settled in common stock when the reporting person leaves the board or upon a change of control. The filing shows 31,540 shares beneficially owned after the transaction and lists a per-share price of $51.60 in the derivative table. The entry notes the additional 213 PSUs were granted as a result of the quarterly dividend. The Form 4 was signed by an attorney-in-fact on 09/29/2025.

Positive

• Director compensation awarded in equity form: 213 Phantom Stock Units granted, aligning director interests with shareholders
• Beneficial ownership increased: Reported ownership rose to 31,540 shares following the award
• Award tied to dividend policy: PSUs acquired as a result of the quarterly dividend, indicating systematic application of compensation terms

Negative

• None.

Insights

Financial Analyst

TL;DR: Director received 213 dividend-related PSUs, raising beneficial ownership to 31,540 shares.

The report documents a routine compensation-related grant rather than an open-market purchase or sale. The 213 Phantom Stock Units are described as dividend-accretive awards that convert one-for-one into common shares upon board exit or change of control, which increases reported beneficial ownership to 31,540 shares. The $51.60 figure in the table appears as the price/valuation reference. This transaction is consistent with standard equity compensation practices for directors and does not disclose cash consideration or exercise mechanics beyond settlement terms provided in the form.

Corporate Governance Expert

TL;DR: Director PSU grant reflects routine equity compensation tied to dividend mechanics and standard settlement triggers.

The Form 4 shows the 213 units were granted as a result of the quarterly dividend, indicating Avnet uses phantom units to mirror dividend accruals for non-employee directors or deferred awards. Settlement is in common stock upon departure from the board or a change of control, which aligns incentives with shareholder outcomes. The filing is informational and procedural; it does not indicate any change in role or extraordinary governance action.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Freeman Brenda

(Last) (First) (Middle)

C/O AVNET, INC.

2211 S. 47TH STREET

(Street)

PHOENIX AZ 85034

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AVNET INC [ AVT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/26/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock Units(1)	(1)	09/26/2025		A		213(2)		(1)	(1)	Common Stock	213	$51.6	31,540	D

Explanation of Responses:

1. 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.

2. Additional PSUs acquired as a result of the quarterly dividend.

	/s/ Darrel S. Jackson, Attorney-In-Fact	09/29/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction is reported on the AVT Form 4?

The Form 4 reports an acquisition of 213 Phantom Stock Units by director Brenda Freeman on 09/26/2025.

How do the Phantom Stock Units (PSUs) settle according to the filing?

Each PSU equals one share of Avnet common stock and will be settled in common stock when the reporting person leaves the board or upon a change of control.

What was the reporting person's total beneficial ownership after the transaction?

The filing shows 31,540 shares beneficially owned following the reported transaction.

Why were the 213 PSUs granted?

The filing states the additional 213 PSUs were acquired as a result of the quarterly dividend.

Who signed the Form 4 and when?

The Form 4 was signed by an attorney-in-fact, Darrel S. Jackson, on 09/29/2025.