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Avnet CIO sells 13,000 shares at $93.71

Avnet’s SVP and CIO reported a grant of performance stock units and a same-week disposition of 13,000 common shares back to the issuer.

(Very High)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

AVNET INC (AVT) senior vice president and CIO Leng Jin Chan reported mixed equity movements in Avnet common stock. On September 14, 2026, Chan acquired 2,233 shares as a grant of performance stock units earned under long-term incentive plans at a stated price of $0. On September 16, 2026, Chan disposed of 13,000 shares to the issuer at a weighted-average price of $93.71, with sales prices ranging from $93.71 to $93.82. A related footnote states the reported holdings include 30,274 shares that are earned but not vested, and no Rule 10b5-1 trading plan is reported.

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Insider Chan Leng Jin
Role SVP, CIO
Type Security Shares Price Value
Disposition Common Stock F2, F3 13,000 $93.71 $1.22M
Grant/Award Common Stock F1 2,233 $0.00 $0.00
Holdings After Transaction: Common Stock — 46,023 shares (Direct)
Footnotes (3)
  1. F1. Consists of performance stock units earned under long-term incentive plans.
  2. F2. Some shares were sold at $93.82 and some shares were sold at $93.71, with an average price of $93.71. Upon request, the reporting person will provide information regarding the number of shares sold at each price to Avnet, any Avnet security holder, or the SEC.
  3. F3. Includes 30,274 shares that are earned but not vested.
Shares disposed to issuer 13,000 shares Disposition of Avnet common stock on September 16, 2026
Weighted-average disposition price $93.71 per share Shares disposed on September 16, 2026; individual prices $93.71–$93.82
Performance stock units granted 2,233 shares Earned under long-term incentive plans on September 14, 2026
Earned but not vested shares 30,274 shares Included within reported holdings according to a footnote
performance stock units financial
"Consists of performance stock units earned under long-term incentive plans."
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.
long-term incentive plans financial
"Consists of performance stock units 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.
weighted-average price financial
"with an average price of $93.71."
Weighted-average price is the average of multiple prices where each price is counted according to its size or importance—larger trades carry more weight than smaller ones, like averaging course grades by credit hours. It matters to investors because it gives a more realistic picture of the true price paid or received, helping assess trade execution, compare performance, calculate cost basis, and value positions more accurately than a simple average.
earned but not vested financial
"Includes 30,274 shares that are earned but not vested."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Avnet (AVT) SVP & CIO Leng Jin Chan report?

Leng Jin Chan reported acquiring 2,233 Avnet common shares on September 14, 2026 via earned performance stock units, and disposing of 13,000 shares to the issuer on September 16, 2026 at a weighted-average price of $93.71.

How many Avnet (AVT) shares did the insider dispose of and at what price?

On September 16, 2026, Leng Jin Chan disposed of 13,000 Avnet common shares to the issuer. A footnote states some shares were sold at $93.82 and some at $93.71, with a weighted-average price of $93.71 per share.

What type of Avnet (AVT) equity award did Leng Jin Chan receive?

On September 14, 2026, Leng Jin Chan received an award of 2,233 Avnet common shares, consisting of performance stock units earned under long-term incentive plans, reported at a stated price of $0 per share.

Were Avnet (AVT) insider transactions by Leng Jin Chan under a Rule 10b5-1 plan?

No. The filing’s Rule 10b5-1 checkbox is marked as false, and the footnotes do not state that the September 2026 transactions were made pursuant to a Rule 10b5-1 trading plan.

What does the filing say about Avnet (AVT) shares that are earned but not vested?

A footnote states that the reported holdings include 30,274 shares that are earned but not vested. The total number of shares held after the transactions is not specified in the data provided.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
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*
Chan Leng Jin

(Last)(First)(Middle)
C/O AVNET, INC.
2150 E. WARNER RD.

(Street)
TEMPE ARIZONA 85284

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
SVP, CIO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/14/2026
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
Common Stock09/14/2026A2,233(1)A$059,023D
Common Stock09/16/2026D13,000D$93.71(2)46,023(3)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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Consists of performance stock units earned under long-term incentive plans.
2. Some shares were sold at $93.82 and some shares were sold at $93.71, with an average price of $93.71. Upon request, the reporting person will provide information regarding the number of shares sold at each price to Avnet, any Avnet security holder, or the SEC.
3. Includes 30,274 shares that are earned but not vested.
/s/ Darrel S. Jackson, Attorney-In-Fact09/16/2026
** 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)

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