Avnet director granted phantom stock units
KHAYKIN OLEG reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
KHAYKIN OLEG reported acquisition or exercise transactions in this Form 4 filing.
Avnet director Oleg Khaykin reported a compensation-related stock unit grant. He received 412.2598 Phantom Stock Units, each tied to one share of Avnet common stock, issued in lieu of his quarterly cash retainer at $87.93 per share under the Avnet Deferred Compensation Plan for Outside Directors.
The phantom units will be settled in Avnet common stock after he leaves the board or upon a change of control. Following this grant, he holds 57,495 Phantom Stock Units and 9,000 shares of Avnet common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 412.2598 shares
Grant/Award
2 txns
Insider
KHAYKIN OLEG
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 412.2598 | $87.93 | $36K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Units — 57,495 contracts (Direct);
Common Stock — 9,000 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. The reporting person has elected to defer 100% of his quarterly cash retainer, so PSUs were issued in lieu of cash, pursuant to the Avnet, Inc. Deferred Compensation Plan for Outside Directors. The PSUs were issued based on $87.93 per share.
Key Figures
Phantom Stock Units granted: 412.2598 units
Unit valuation price: $87.93 per unit
Phantom Stock Units after grant: 57,495 units
+1 more
4 metrics
Phantom Stock Units granted
412.2598 units
Grant to Oleg Khaykin on 2026-07-01 in lieu of cash retainer
Unit valuation price
$87.93 per unit
Price used to convert deferred quarterly cash retainer
Phantom Stock Units after grant
57,495 units
Total Phantom Stock Units held following the award
Common stock holdings
9,000 shares
Direct Avnet common stock held after reported transactions
Key Terms
Phantom Stock Units, Deferred Compensation Plan for Outside Directors, change of control
3 terms
Phantom Stock Units financial
"Each Phantom Stock Unit ("PSU") equals one share of the Issuer's common stock"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Deferred Compensation Plan for Outside Directors financial
"pursuant to the Avnet, Inc. Deferred Compensation Plan for Outside Directors"
change of control financial
"will be settled in the Issuer's common stock after the reporting person leaves the Issuer's Board or upon change of control"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Avnet (AVT) director Oleg Khaykin report in this Form 4?
He reported receiving 412.2598 Phantom Stock Units as compensation. These units were issued instead of his quarterly cash retainer at $87.93 per share and will convert into Avnet common stock after he leaves the board or upon a change of control.
How many Avnet Phantom Stock Units does Oleg Khaykin hold after this filing?
After this grant, he holds 57,495 Phantom Stock Units. Each unit equals one share of Avnet common stock and will be settled in stock when he leaves the board or if there is a change of control at the company.
How were the new Avnet Phantom Stock Units for Oleg Khaykin priced?
The Phantom Stock Units were issued based on $87.93 per share. This price was used to convert his deferred quarterly cash retainer into stock-based compensation under Avnet’s Deferred Compensation Plan for Outside Directors.
What does it mean that Avnet Phantom Stock Units settle after a change of control?
Each Phantom Stock Unit converts into one share of Avnet common stock after Khaykin leaves the board or upon a change of control. A change of control generally means a significant ownership or control shift at the company, triggering settlement of these deferred units.
AI-generated analysis. How Rhea-AI works. Not financial advice.
