Avnet (AVT) director discloses new phantom stock units and share ownership

Rhea-AI Filing Summary

Avnet, Inc. director reports additional phantom stock units from dividend. A board member of Avnet Inc. reported an equity-related change effective 12/17/2025. The director now beneficially owns 5,265 shares of Avnet common stock directly.

The filing also shows an acquisition of 87 Phantom Stock Units (PSUs), treated as derivative securities and credited as a result of Avnet’s quarterly dividend. Each PSU equals one share of Avnet common stock and will be settled in stock after the director leaves the board or if there is a change of control. Following this PSU transaction, the director holds 12,056 PSUs directly.

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^*

MADDOCK ERNEST E

(Last) (First) (Middle)

C/O AVNET, INC.

2211 SOUTH 47TH STREET

(Street)

PHOENIX AZ 85034

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
12/17/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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								5,265	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)	12/17/2025		A		87(2)		(1)	(1)	Common Stock	87	$48.62	12,056	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	12/18/2025
	** 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.

FAQ

What insider transaction did Avnet (AVT) report in this filing?

A director of Avnet, Inc. reported acquiring 87 Phantom Stock Units (PSUs) on 12/17/2025, credited in connection with the company’s quarterly dividend.

How many Avnet (AVT) phantom stock units does the director own after this transaction?

After the reported transaction, the director beneficially owns 12,056 Phantom Stock Units, each representing the right to receive one share of Avnet common stock in the future.

What are Avnet (AVT) Phantom Stock Units as described in this report?

Each Phantom Stock Unit (PSU) equals one share of Avnet common stock and will be settled in Avnet shares after the director leaves the board or upon a change of control of the company.

Why were additional Avnet (AVT) phantom stock units credited to the director?

The filing states that the 87 PSUs were additional units acquired as a result of the quarterly dividend, effectively reinvesting dividend value into PSUs.

How many Avnet (AVT) common shares does the director directly own?

The director beneficially owns 5,265 shares of Avnet common stock directly after the reported transaction.

What is the relationship of the reporting person to Avnet (AVT)?

The reporting person is identified as a Director of Avnet, Inc., and the filing is made by one reporting person.