Avnet (NYSE: AVT) director receives new phantom stock award

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

MADDOCK ERNEST E reported acquisition or exercise transactions in this Form 4 filing.

Avnet director Ernest E. Maddock received 94 Phantom Stock Units, credited at a reference price of $59.96 per unit. Each unit equals one share of Avnet common stock and will be settled in stock after he leaves the board or upon a change of control. Following this award, he holds 16,228 Phantom Stock Units and 5,265 shares of Avnet common stock directly.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider MADDOCK ERNEST E

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	94	$59.96	$6K
holding	Common Stock	--	--	--

Holdings After Transaction: Phantom Stock Units — 16,228 shares (Direct); Common Stock — 5,265 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 - 04:25 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^*

MADDOCK ERNEST E

(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)
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								5,265	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		94⁽²⁾		⁽¹⁾	⁽¹⁾	Common Stock	94	$59.96	16,228	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 insider transaction did Avnet (AVT) report for Ernest E. Maddock?

Avnet reported that director Ernest E. Maddock received 94 Phantom Stock Units. These units are tied to Avnet common stock and were credited in connection with a quarterly dividend, increasing his total Phantom Stock Units to 16,228 and direct common stock holdings to 5,265 shares.

What are Phantom Stock Units in the Avnet (AVT) Form 4 filing?

In this Avnet filing, each Phantom Stock Unit equals one share of common stock. They are bookkeeping units that will be settled in actual Avnet common shares after the director leaves the board or if there is a change of control at the company.

How many Avnet Phantom Stock Units does Ernest E. Maddock hold after this transaction?

After receiving 94 additional Phantom Stock Units, Ernest E. Maddock holds 16,228 Phantom Stock Units. These units mirror Avnet common stock on a one-for-one basis and are intended to be settled in shares at the end of his board service or upon change of control.

Why did Ernest E. Maddock receive additional Phantom Stock Units from Avnet (AVT)?

The filing states that the additional Phantom Stock Units were acquired as a result of Avnet’s quarterly dividend. Instead of receiving cash, the director received 94 extra units, aligning his compensation with shareholder returns linked to Avnet’s regular dividend payments.

When will Avnet’s Phantom Stock Units granted to Ernest E. Maddock be settled?

The Phantom Stock Units granted to Ernest E. Maddock will be settled in Avnet common stock after he leaves the company’s board. They may also be settled upon a change of control of Avnet, according to the terms described in the filing’s footnotes.

How many Avnet (AVT) common shares does Ernest E. Maddock directly own after this filing?

Following the reported transactions, Ernest E. Maddock directly owns 5,265 shares of Avnet common stock. This figure is separate from his 16,228 Phantom Stock Units, which are obligations to deliver shares in the future rather than current stock ownership.