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Avnet (NASDAQ: AVT) CEO logs RSU tax share surrender and holdings

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Avnet, Inc. Chief Executive Officer Philip R. Gallagher, who also serves as a director, reported a tax-related share transaction in Avnet common stock. On January 5, 2026, he surrendered 27,986 shares at $49.04 per share to cover taxes due upon the vesting of Restricted Stock Units, rather than selling shares for cash.

After this transaction, Gallagher beneficially owned 168,923 Avnet shares directly, which include 113,340 shares underlying earned RSUs that are not yet vested or delivered and 9,742 shares underlying earned Performance Stock Units. He also reported an additional 209,531 shares held indirectly through the Gallagher Family Trust, reflecting a significant ongoing equity stake aligned with the company’s performance.

Positive

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Negative

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Insider GALLAGHER PHILIP R
Role Chief Executive Officer
Type Security Shares Price Value
Tax Withholding Common Stock 27,986 $49.04 $1.37M
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 168,923 shares (Direct); Common Stock — 209,531 shares (Indirect, By Gallagher Family Trust)
Footnotes (1)
  1. Surrendered shares to pay taxes applicable to the issuance of shares upon the vesting of Restricted Stock Units ("RSUs"). Includes 113,340 shares underlying RSUs earned but not yet vested or delivered and 9,742 shares underlying Performance Stock Units earned but not yet vested.
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Form 4 Insider Transactions: What Each Field Means →
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
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
GALLAGHER PHILIP R
(Last) (First) (Middle)
C/O AVNET, INC.
2211 SOUTH 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
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026
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
Common Stock 01/05/2026 F 27,986(1) D $49.04 168,923(2) D
Common Stock 209,531 I By Gallagher Family Trust
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
Explanation of Responses:
1. Surrendered shares to pay taxes applicable to the issuance of shares upon the vesting of Restricted Stock Units ("RSUs").
2. Includes 113,340 shares underlying RSUs earned but not yet vested or delivered and 9,742 shares underlying Performance Stock Units earned but not yet vested.
/s/ Darrel S. Jackson, Attorney-In-Fact 01/06/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Avnet (AVT) report for CEO Philip Gallagher?

Avnet CEO Philip R. Gallagher reported surrendering 27,986 shares of Avnet common stock on January 5, 2026, to pay taxes due upon the vesting of Restricted Stock Units.

What does the surrendered 27,986 Avnet (AVT) shares transaction represent?

The 27,986 shares were surrendered to pay taxes tied to the issuance of shares from vesting Restricted Stock Units (RSUs), as noted in the footnote, rather than an open-market sale for investment purposes.

How many Avnet (AVT) shares does CEO Philip Gallagher own directly after this Form 4?

Following the reported transaction, Philip Gallagher beneficially owned 168,923 Avnet common shares directly, including 113,340 RSU shares earned but not yet vested or delivered and 9,742 earned Performance Stock Unit shares.

What are Philip Gallagher’s indirect holdings of Avnet (AVT) stock?

In addition to his direct holdings, Gallagher reported 209,531 Avnet common shares held indirectly through the Gallagher Family Trust, reflecting trust-held ownership.

Did the Avnet (AVT) Form 4 disclose any derivative securities for Philip Gallagher?

The Form 4 table for derivative securities shows no derivative transactions reported for options, warrants, or other derivative instruments in this filing excerpt.

How are RSUs and Performance Stock Units reflected in Philip Gallagher’s Avnet (AVT) holdings?

The filing notes that his direct beneficial holdings include 113,340 shares underlying RSUs earned but not yet vested or delivered and 9,742 shares underlying Performance Stock Units earned but not yet vested.