Avnet (NYSE: AVT) director adds 21 Phantom Stock Units from dividend credit

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

AVNET INC director Rodney C. Adkins received an award of 21 Phantom Stock Units on Common Stock. These units were acquired as additional PSUs resulting from the quarterly dividend and are classified as a grant or award, not an open-market purchase or sale.

Each Phantom Stock Unit equals one share of Avnet common stock and will be settled in common shares after Adkins leaves the board or upon a change of control. Following this dividend-related grant, his directly held Phantom Stock Unit balance reported in this filing is 5,414 units.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Adkins Rodney C

Role null

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	21	$90.91	$2K

Holdings After Transaction: Phantom Stock Units — 5,414 shares (Direct, null)

Footnotes (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. Additional PSUs acquired as a result of the quarterly dividend.

Key Figures

Phantom Stock Units granted: 21 units Reference price per unit: $90.91 Phantom Units after transaction: 5,414 units +1 more

4 metrics

Phantom Stock Units granted 21 units Grant/award acquisition on 2026-06-17

Reference price per unit $90.91 Transaction price per Phantom Stock Unit

Phantom Units after transaction 5,414 units Total Phantom Stock Units following this grant

Underlying common shares 21 shares Each Phantom Unit equals one Avnet common share

Key Terms

Phantom Stock Units, quarterly dividend, change of control

3 terms

Phantom Stock Units financial

"Each Phantom Stock Unit ("PSU") equals one share of the Issuer's common stock"

Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.

quarterly dividend financial

"Additional PSUs acquired as a result of the quarterly dividend"

A quarterly dividend is a payment a company gives to its shareholders four times a year, usually as a share of its profits. It's like getting a small bonus every few months for owning the company's stock, which can provide a steady income. Investors watch these payments to see how well a company is doing and whether it’s a good investment.

change of control financial

"will be settled ... after the reporting person leaves the Issuer's Board or upon change of control of the Issuer"

A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.

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Form 4 Insider Transactions: What Each Field Means →

06/22/2026 - 05:40 PM

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^*

Adkins Rodney C

(Last)

(First)

(Middle)

C/O AVNET, INC.

2211 SOUTH 47TH STREET

(Street)

PHOENIX

ARIZONA

85034

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock Units⁽¹⁾	⁽¹⁾	06/17/2026		A		21⁽²⁾		⁽¹⁾	⁽¹⁾	Common Stock	21	$90.91	5,414	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	06/19/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Avnet (AVT) director Rodney C. Adkins report in this Form 4?

Rodney C. Adkins reported receiving 21 Phantom Stock Units as a compensation-related grant. These units were credited as additional PSUs from the quarterly dividend and increase his Phantom Stock Unit balance to 5,414 units tied to Avnet common stock.

Is the Avnet (AVT) Form 4 for Rodney C. Adkins a stock buy or sell?

The Form 4 reports an acquisition through a grant, not a market trade. Adkins received 21 Phantom Stock Units classified as a “Grant, award, or other acquisition,” so there were no open-market buying or selling transactions disclosed in this filing.

How many Phantom Stock Units does Rodney C. Adkins hold after this Avnet (AVT) transaction?

After receiving 21 additional Phantom Stock Units from the quarterly dividend, Adkins holds 5,414 Phantom Stock Units directly. Each unit is tied to one share of Avnet common stock and represents a deferred right to receive stock in the future.

What are Phantom Stock Units in the Avnet (AVT) Form 4 for Rodney C. Adkins?

Each Phantom Stock Unit equals one share of Avnet common stock. According to the filing, these units will be settled in Avnet common stock after Adkins leaves the board or if a change of control of the company occurs, making them a deferred equity-based award.

Why did Rodney C. Adkins receive 21 additional Phantom Stock Units from Avnet (AVT)?

The filing states that the 21 additional Phantom Stock Units were acquired as a result of the quarterly dividend. This indicates they are dividend-equivalent credits on existing Phantom Stock Units rather than a separate stock market transaction or new cash-based compensation.