Avnet Board Member Increases Stake via Dividend Conversion

Rhea-AI Filing Summary

Form 4 filing reveals insider trading activity for Virginia Henkels, Director at Avnet (NYSE: AVT). On June 18, 2025, Henkels acquired 22 Phantom Stock Units (PSUs) at a price of $51.54 per unit as part of a quarterly dividend reinvestment.

Key details of the transaction:

• Current PSU holdings increased to 3,487 units following the transaction
• Maintains direct ownership of 1,265 shares of common stock
• PSUs convert one-to-one to common stock upon leaving the Board or change in control

This routine transaction represents ongoing alignment of director interests with shareholders through equity-based compensation. The acquisition of additional PSUs through dividend reinvestment demonstrates the company's commitment to director stock ownership and long-term value creation.

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

OMB APPROVAL

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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^*

Henkels Virginia

(Last) (First) (Middle)

C/O AVNET, INC.

2211 S. 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)
06/18/2025

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								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)	06/18/2025		A		22(2)		(1)	(1)	Common Stock	22	$51.54	3,487	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	06/20/2025
	** 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

How many Phantom Stock Units (PSUs) did AVT director Virginia Henkels acquire on June 18, 2025?

According to the Form 4 filing, Virginia Henkels acquired 22 Phantom Stock Units (PSUs) on June 18, 2025, which were received as a result of the quarterly dividend.

What is the total number of AVT Phantom Stock Units Virginia Henkels owns after the June 18, 2025 transaction?

Following the reported transaction, Virginia Henkels beneficially owns 3,487 Phantom Stock Units of Avnet Inc. (AVT), held in direct ownership.

How many shares of AVT common stock does Virginia Henkels directly own?

According to Table I of the Form 4 filing, Virginia Henkels directly owns 1,265 shares of AVT common stock.

What is the price per unit of the AVT Phantom Stock Units acquired by Virginia Henkels?

The Form 4 filing shows that the Phantom Stock Units were acquired at a price of $51.54 per unit.

When will Virginia Henkels' AVT Phantom Stock Units be settled in common stock?

According to the filing's explanatory notes, the Phantom Stock Units will be settled in Avnet's common stock after Virginia Henkels leaves the Issuer's Board or upon a change of control of the company.