AVT Insider Tax-Related Share Surrender: 664 Shares Disposed

Rhea-AI Filing Summary

Elizabeth McMullen, Senior VP - Operations at Avnet, filed a Form 4 reporting an insider disposition on 08/22/2025. She surrendered 664 shares of Avnet common stock to cover taxes related to the vesting of performance stock units, at an average price of $52.89 per share. After the transaction she beneficially owned 13,962 shares (direct). The filing notes 5,742 shares underlying restricted stock units are allocated but unvested, and 557 shares underlying performance stock units have been earned but are not yet vested. The Form is signed by an attorney-in-fact on her behalf.

Insights

Financial Analyst

TL;DR Routine, tax-driven surrender of vested shares; small in scale relative to a public company.

The reported transaction is a common administrative action where 664 shares were surrendered to satisfy tax obligations from equity vesting. The disposition is recorded at $52.89 per share and leaves the reporting person with 13,962 shares beneficially owned. The filing discloses unvested equity (5,742 RSUs) and 557 PSUs earned but unvested, which indicate ongoing compensation alignment with the company rather than an outright sale for cash. This filing contains no indication of material corporate events or changes in control.

Corporate Governance Expert

TL;DR Administrative insider tax-surrender; reflects standard equity compensation mechanics, not a signals-based trade.

The Form 4 shows an insider used share surrender to meet tax liabilities tied to equity vesting, a routine governance and compensation practice. The disclosure identifies the reporting person as an officer and quantifies both vested and unvested equity positions, supporting transparency. No departure, negative governance action, or unusual trading pattern is evident from this single filing.

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^*

McMullen Elizabeth

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior VP - Operations

3. Date of Earliest Transaction (Month/Day/Year)
08/22/2025

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
Common Stock	08/22/2025		F		664(1)	D	$52.89	13,962(2)	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)
				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 Performance Stock Units ("PSUs").

2. Includes 5,742 shares underlying RSUs allocated but not yet vested and 557 shares underlying PSUs earned by not yet vested.

	/s/ Darrel S. Jackson, Attorney-In-Fact	08/25/2025
	** 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 did Elizabeth McMullen report on the AVT Form 4?

The filing reports the surrender of 664 shares on 08/22/2025 to cover taxes related to vested equity.

At what price were the 664 Avnet shares surrendered?

The shares were surrendered at an effective price of $52.89 per share.

How many Avnet shares does the reporting person beneficially own after the transaction?

After the reported transaction the reporting person beneficially owned 13,962 shares (direct ownership).

Does the Form 4 disclose any unvested equity for the reporting person?

Yes. It discloses 5,742 shares underlying restricted stock units allocated but not yet vested and 557 shares underlying performance stock units earned but not yet vested.

Who signed the Form 4 and when?

The form bears a signature by /s/ Darrel S. Jackson, Attorney-In-Fact dated 08/25/2025.