Avnet (NASDAQ: AVT) CEO receives 121K-share stock grant
Rhea-AI Filing Summary
AVNET INC (AVT) reports that Chief Executive Officer and director Philip R. Gallagher received a grant of 120,991 shares of Common Stock on 2026-08-20 as a compensation-related award of restricted stock units and performance stock units. Following this award, he holds 289,914 shares directly, including 170,884 unvested restricted stock units and 73,189 unvested performance stock units, and 209,531 shares indirectly through the Gallagher Family Trust. He also holds employee stock options covering 150,048 underlying shares at an exercise price of $29.38 expiring 2030-11-16 and 194,252 underlying shares at $39.62 expiring 2031-08-22.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 120,991 shares
Net Buy
4 txns
Insider
GALLAGHER PHILIP R
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 120,991 | $0.00 | $0.00 |
| holding | Employee Stock Option (Right to Buy) F3 | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) F3 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 289,914 shares (Direct);
Employee Stock Option (Right to Buy) — 344,300 shares (Direct);
Common Stock — 209,531 shares (Indirect, By Gallagher Family Trust)
Footnotes (3)
- F1. Consists of restricted stock units and performance stock units earned under long-term incentive plans.
- F2. Includes 170,884 unvested restricted stock units and 73,189 unvested performance stock units.
- F3. The option vested in four equal annual installments beginning on the first anniversary of the date of grant.
Key Figures
Equity award shares: 120,991 shares of Common Stock
Direct holdings after transaction: 289,914 shares of Common Stock
Unvested restricted stock units: 170,884 unvested restricted stock units
+4 more
7 metrics
Equity award shares
120,991 shares of Common Stock
Grant, award, or other acquisition on 2026-08-20
Direct holdings after transaction
289,914 shares of Common Stock
Direct ownership following the 2026-08-20 award
Unvested restricted stock units
170,884 unvested restricted stock units
Included within direct holdings after the transaction
Unvested performance stock units
73,189 unvested performance stock units
Included within direct holdings after the transaction
Indirect holdings by trust
209,531 shares of Common Stock
Held indirectly by Gallagher Family Trust
Option exercise price
$29.38 per share
Employee Stock Option expiring 2030-11-16 on 150,048 underlying shares
Option exercise price
$39.62 per share
Employee Stock Option expiring 2031-08-22 on 194,252 underlying shares
Key Terms
restricted stock units, performance stock units, Employee Stock Option (Right to Buy), long-term incentive plans, +1 more
5 terms
restricted stock units financial
"Consists of restricted stock units and performance stock units earned"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance stock units financial
"Includes 170,884 unvested restricted stock units and 73,189 unvested"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Employee Stock Option (Right to Buy) financial
"Employee Stock Option (Right to Buy) underlying Common Stock"
long-term incentive plans financial
"earned under long-term incentive plans"
Long-term incentive plans are multi-year pay programs that reward executives and key employees with stock, options, or cash bonuses when the company hits future performance goals. Think of it like paying someone with a portion of the business or future bonuses to keep them focused on growing the company over several years. Investors watch these plans because they influence executive decisions, potential share dilution, and whether management’s goals line up with long-term shareholder value.
unvested financial
"Includes 170,884 unvested restricted stock units and 73,189"
FAQ
What did AVT CEO Philip R. Gallagher receive in this Form 4 transaction?
Philip R. Gallagher received a grant of 120,991 shares of Common Stock on 2026-08-20, consisting of restricted stock units and performance stock units earned under long-term incentive plans, reported at a per-share transaction price of $0.00 as a compensation award.
What stock options on AVT does Philip R. Gallagher hold and at what prices?
Philip R. Gallagher holds employee stock options on AVT covering 150,048 underlying shares at an exercise price of $29.38 expiring 2030-11-16, and 194,252 underlying shares at an exercise price of $39.62 expiring 2031-08-22, vesting in four equal annual installments.
How are the new AVT equity awards to Philip R. Gallagher structured?
The new award of 120,991 shares to Philip R. Gallagher consists of restricted stock units and performance stock units earned under AVNET INC long-term incentive plans, with the Form 4 footnotes specifying these as RSUs and PSUs rather than a cash transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
