Avnet (AVT) director Helmut Gassel receives 45 phantom stock units via dividend

Rhea-AI Filing Summary

GASSEL HELMUT reported acquisition or exercise transactions in this Form 4 filing.

Avnet director Helmut Gassel received a small equity-based award rather than trading shares in the market. He was granted 45 Phantom Stock Units on 2026-03-18 as additional units tied to the company’s quarterly dividend. Each Phantom Stock Unit equals one share of Avnet common stock and will be settled in shares after he leaves the Board or if there is a change of control. Following this grant, his Phantom Stock Unit balance is 7,659 units, and a separate line in the filing shows 1,265 shares of common stock held directly. This filing reflects routine director compensation and dividend equivalents, not an open-market purchase or sale.

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

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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^*

GASSEL HELMUT

(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)
			Code	V	Amount	(A) or (D)	Price
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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
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)

FAQ

What did Avnet (AVT) director Helmut Gassel report in this Form 4?

Helmut Gassel reported receiving 45 Phantom Stock Units as additional equity-based compensation. These units were credited as a result of Avnet’s quarterly dividend and increase his total Phantom Stock Units to 7,659, alongside 1,265 directly held common shares.

Are the Avnet (AVT) Phantom Stock Units in this filing the same as common shares?

Each Phantom Stock Unit equals one share of Avnet common stock but is not delivered immediately. The units are settled in actual Avnet shares after the director leaves the Board or if a change of control occurs, aligning compensation with long-term shareholder value.

Was there any open-market buying or selling of Avnet (AVT) stock in this Form 4?

No open-market trades were reported. The filing shows an acquisition of 45 Phantom Stock Units as a grant tied to Avnet’s quarterly dividend, plus a holding entry showing 1,265 common shares, indicating routine compensation rather than market buying or selling activity.

How many Phantom Stock Units does Helmut Gassel hold in Avnet (AVT) after this transaction?

After receiving 45 additional Phantom Stock Units, Helmut Gassel holds a total of 7,659 Phantom Stock Units. Each unit represents the economic equivalent of one Avnet common share and will be settled in stock upon Board departure or change of control.

What triggered the additional Phantom Stock Units for Avnet (AVT) director Helmut Gassel?

The additional 45 Phantom Stock Units were acquired as a result of Avnet’s quarterly dividend. Dividend-equivalent units are commonly used in director compensation plans so equity awards remain aligned with dividends paid to ordinary shareholders over time.

Does this Avnet (AVT) Form 4 suggest a change in Helmut Gassel’s investment outlook?

The Form 4 reflects a routine phantom stock award tied to the quarterly dividend, not a discretionary market trade. It does not by itself indicate any change in Helmut Gassel’s investment outlook, but rather ongoing participation in Avnet’s director compensation program.