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Avnet (AVT) director Virginia Henkels receives 29 phantom stock units as dividend

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Henkels Virginia reported acquisition or exercise transactions in this Form 4 filing.

Avnet Inc. director Virginia Henkels received 29 Phantom Stock Units, which are deferred stock-based compensation. Each Phantom Stock Unit equals one share of Avnet common stock and will be settled in shares after she leaves the board or upon a change of control. The new units were credited as additional PSUs resulting from the quarterly dividend, bringing her total Phantom Stock Unit balance to 7,688 units.

Positive

  • None.

Negative

  • None.
Insider Henkels Virginia
Role null
Type Security Shares Price Value
Grant/Award Phantom Stock Units 29 $90.91 $3K
Holdings After Transaction: Phantom Stock Units — 7,688 shares (Direct, null)
Footnotes (1)
  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.
Phantom Stock Units granted 29 units Additional PSUs credited from quarterly dividend on Avnet stock
Value per Phantom Stock Unit $90.91 per unit Reference price reported for the 29-unit grant
Total Phantom Stock Units after grant 7,688 units Director Virginia Henkels’ PSU balance following this transaction
Underlying common stock per PSU 1 share per unit Each Phantom Stock Unit equals one Avnet common share
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.
PSU financial
"Each Phantom Stock Unit ("PSU") equals one share of the Issuer's common stock"
A PSU is a company where the government owns a controlling stake and often plays a direct role in its management and strategy. Think of it like a business that operates with public oversight, similar to a town-run utility versus a private neighborhood service. Investors watch PSUs differently because government involvement can affect profits, dividend policies, regulatory treatment and stability, so these stocks may behave more like policy instruments than pure market-driven enterprises.
change of control financial
"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"
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.
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.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock Units(1)(1)06/17/2026A29(2) (1) (1)Common Stock29$90.917,688D
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-Fact06/19/2026
** Signature of Reporting PersonDate
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) disclose for Virginia Henkels?

Avnet director Virginia Henkels received 29 Phantom Stock Units as additional stock-based compensation. These units were credited as a result of the company’s quarterly dividend and increase her total Phantom Stock Unit balance to 7,688, all tied to Avnet common stock.

What are Phantom Stock Units in the context of Avnet (AVT)?

Phantom Stock Units are a form of deferred stock-based compensation where each unit tracks one Avnet common share. For Virginia Henkels, these units will be settled in Avnet common stock after she leaves the board or if there is a change of control at the company.

How many total Phantom Stock Units does Virginia Henkels hold at Avnet (AVT)?

After the latest grant, Virginia Henkels holds 7,688 Phantom Stock Units linked to Avnet common stock. This figure reflects her accumulated deferred stock-based compensation, including the recent 29 units added due to Avnet’s quarterly dividend crediting mechanism.

Why did Virginia Henkels receive 29 additional Phantom Stock Units from Avnet (AVT)?

She received 29 additional Phantom Stock Units as a result of Avnet’s quarterly dividend. The company credits extra PSUs when dividends are paid so that deferred stock-based compensation maintains alignment with dividends paid on Avnet’s common shares.

When will Virginia Henkels’ Avnet (AVT) Phantom Stock Units be settled?

Her Phantom Stock Units will be settled in Avnet common stock after she leaves the company’s board or upon a change of control at Avnet. Until then, they remain as deferred stock-based units rather than currently deliverable common shares.