Avnet (AVT) director defers cash into phantom stock units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

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.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider KHAYKIN OLEG

Role null

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	412.26	$87.93	$36K
holding	Common Stock	--	--	--

Holdings After Transaction: Phantom Stock Units — 57,495 shares (Direct, null); Common Stock — 9,000 shares (Direct, null)

Footnotes (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. 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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:13 PM Accepted by SEC EDGAR 07/02/2026 - 04:13 PM

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

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^*

KHAYKIN OLEG

(Last)

(First)

(Middle)

C/O AVNET, INC.

2211 SOUTH 47TH STREET

(Street)

PHOENIX

ARIZONA

85034

(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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

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

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								9,000	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock Units⁽¹⁾	⁽¹⁾	07/01/2026		A		412.2598⁽²⁾		⁽¹⁾	⁽¹⁾	Common Stock	412.2598	$87.93	57,495	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. 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.

	/s/ Darrel S. Jackson, Attorney-In-Fact	07/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

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.

How many Avnet common shares does Oleg Khaykin directly own after this Form 4?

He directly owns 9,000 shares of Avnet common stock after the reported transactions. This direct holding is separate from his 57,495 Phantom Stock Units, which represent deferred stock-based compensation rather than currently issued common shares.