Avnet (NASDAQ: AVT) GC exercises options and sells shares, gets new stock grant
Rhea-AI Filing Summary
AVNET INC (AVT) reported equity transactions by Michael Ryan McCoy, SVP and General Counsel. On August 20, 2026, he was granted 22,538 shares of Common Stock consisting of restricted stock units and performance stock units earned under long-term incentive plans, including 31,961 unvested RSUs and 13,703 unvested PSUs. On August 19, 2026, he exercised an Employee Stock Option for 32,052 shares of Common Stock at an exercise price of $39.62 per share, then sold 32,052 shares at an average price of $91.10 per share in multiple transactions within a $90.78–$91.45 range. Following the exercise, the reported option position is 0 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 32,052 shares ($1.65M approx. pre-tax spread)
Exercise and Sale
4 txns
Insider
McCoy Michael Ryan
Role
SVP, General Counsel
Sold
32,052 shs ($2.92M)
Approx. gross sale proceeds
$2.92M
Approx. exercise cost
$1.27M
Approx. pre-tax spread
$1.65M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F2, F3 | 22,538 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (Right to Buy) F4 | 32,052 | $0.00 | $0.00 |
| Exercise | Common Stock | 32,052 | $39.62 | $1.27M |
| Sale | Common Stock F1 | 32,052 | $91.10 | $2.92M |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock — 99,212 shares (Direct)
Footnotes (4)
- F1. The price reported is an average price. The shares were sold in multiple transactions at prices ranging from $90.78 to $91.45. Upon request, the reporting person will provide the number of shares sold at each price to Avnet, any Avnet security holder, or the SEC.
- F2. Consists of restricted stock units and performance stock units earned under long-term incentive plans.
- F3. Includes 31,961 unvested restricted stock units and 13,703 unvested performance stock units.
- F4. The Option vests in four equal annual installments beginning on the first anniversary of the date of grant.
Key Figures
Shares sold: 32,052 shares of Common Stock
Average sale price: $91.10 per share
Option exercise price: $39.62 per share
+5 more
8 metrics
Shares sold
32,052 shares of Common Stock
Sale on August 19, 2026
Average sale price
$91.10 per share
Sale of 32,052 shares in multiple transactions, prices $90.78–$91.45
Option exercise price
$39.62 per share
Exercise of Employee Stock Option for 32,052 shares on August 19, 2026
Option shares exercised
32,052 shares
Employee Stock Option (Right to Buy) converted into Common Stock
Equity award shares
22,538 shares
Common Stock award on August 20, 2026 under long-term incentive plans
Unvested RSUs
31,961 restricted stock units
Included in reported equity awards
Unvested PSUs
13,703 performance stock units
Included in reported equity awards
Option expiration date
August 22, 2031
Original expiration for the exercised Employee Stock Option
Key Terms
restricted stock units, performance stock units, Employee Stock Option (Right to Buy), long-term incentive plans
4 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
"restricted stock units and performance stock units earned under long-term"
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
"security_title": "Employee Stock Option (Right to Buy)""
long-term incentive plans financial
"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.
FAQ
What equity award did Michael Ryan McCoy receive from AVT?
Michael Ryan McCoy received a grant of 22,538 shares of Avnet Common Stock on August 20, 2026, consisting of restricted stock units and performance stock units earned under long-term incentive plans, including 31,961 unvested RSUs and 13,703 unvested PSUs.
What happened to Michael Ryan McCoy’s AVT stock options in this Form 4?
Michael Ryan McCoy exercised an Employee Stock Option for 32,052 shares of Avnet Common Stock at $39.62 per share, and the reported stock option position after this transaction is 0 shares remaining.
Are Michael Ryan McCoy’s AVT equity awards part of long-term incentive plans?
Yes. The 22,538-share equity award consists of restricted stock units and performance stock units earned under Avnet’s long-term incentive plans, with footnotes specifying 31,961 unvested RSUs and 13,703 unvested PSUs included.
Were Michael Ryan McCoy’s AVT transactions under a Rule 10b5-1 plan?
No. The document-level Rule 10b5-1 checkbox is marked false, indicating the reported transactions were not affirmatively designated as being effected under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
