Avnet (AVT) director Henkels awarded 45 phantom stock units as dividend

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Avnet director Virginia Henkels reported a small equity-based compensation grant. She acquired 45 Phantom Stock Units on March 18, 2026, each equivalent to one share of Avnet common stock, at a reference price of $59.96 per unit, increasing her phantom unit balance to 7,659.

The footnotes explain these Phantom Stock Units will be settled in Avnet common stock after she leaves the Board or upon a change of control, and that the additional 45 units were credited as a result of the quarterly dividend. Her direct common stock holdings are reported at 1,265 shares following these transactions. No open‑market buys or sells were reported in this filing.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Henkels Virginia

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	45	$59.96	$3K
holding	Common Stock	--	--	--

Holdings After Transaction: Phantom Stock Units — 7,659 shares (Direct); Common Stock — 1,265 shares (Direct)

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.

Form 4 Insider Transactions: What Each Field Means →

03/19/2026 - 04:22 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
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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).

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^*

Henkels Virginia

(Last)

(First)

(Middle)

C/O AVNET, INC.

2211 S. 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)
03/18/2026

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)
Common Stock								1,265	D

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⁾	03/18/2026		A		45⁽²⁾		⁽¹⁾	⁽¹⁾	Common Stock	45	$59.96	7,659	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	03/19/2026
	** 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 Virginia Henkels report in this Form 4?

Virginia Henkels reported receiving 45 Phantom Stock Units as equity-based compensation. These units increase her phantom balance to 7,659 and are tied to Avnet’s common stock, with settlement in shares after she leaves the Board or upon a change of control.

Are these Avnet (AVT) Form 4 transactions open-market stock purchases or sales?

No, the Form 4 shows no open-market purchases or sales. It reports a grant of 45 Phantom Stock Units related to the quarterly dividend, plus updated holdings, making this a routine compensation and reporting event rather than a discretionary trade in Avnet shares.

How many Phantom Stock Units does Virginia Henkels hold after this Avnet (AVT) filing?

After this transaction, Virginia Henkels holds 7,659 Phantom Stock Units. Each unit equals one share of Avnet common stock and will be settled in stock after she leaves the Board or if there is a change of control, aligning director compensation with shareholder value.

When will the Phantom Stock Units in this Avnet (AVT) Form 4 be settled?

The Phantom Stock Units will be settled in Avnet common stock after Virginia Henkels leaves the Board or upon a change of control. This means she does not receive shares immediately; settlement occurs only at those future triggering events, as described in the footnotes.

What common stock holdings does Virginia Henkels report in this Avnet (AVT) Form 4?

The Form 4 reports that Virginia Henkels directly holds 1,265 shares of Avnet common stock. This figure reflects her direct equity position separate from the 7,659 Phantom Stock Units, which are stock-settled deferred compensation rather than currently issued common shares.

Why did Virginia Henkels receive additional Phantom Stock Units from Avnet (AVT)?

The footnotes state that additional Phantom Stock Units were acquired as a result of Avnet’s quarterly dividend. Instead of receiving cash, her phantom account was credited with 45 units, maintaining the economic equivalent of dividend participation on her deferred equity-based compensation.