Avnet (NASDAQ: AVT) CFO gets 6,388-share award, surrenders stock for taxes
Rhea-AI Filing Summary
AVNET INC (AVT) reported that Chief Financial Officer Kenneth A. Jacobson received a grant of 6,388 shares of Common Stock on August 27, 2026, consisting of performance stock units earned under a long-term incentive plan. On the same date, 2,674 shares were surrendered to pay taxes on the issued shares at a price of $87.81 per share. After these transactions, an indirect holding of 56,845 shares of Common Stock is reported through the K & A Jacobson 2017 Rev Trust, including 54,256 shares that are earned but not yet vested.
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Insights
Analyzing...
Insider Trade Summary
Net Buyer: 3,714 shares
Net Buy
3 txns
Insider
JACOBSON KENNETH A
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 6,388 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2, F3 | 2,674 | $87.81 | $235K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 76,521 shares (Direct);
Common Stock — 56,845 shares (Indirect, By K & A Jacobson 2017 Rev Trust)
Footnotes (3)
- F1. Consists of performance stock units earned under long-term incentive plan.
- F2. Surrendered shares to pay taxes on issued shares.
- F3. Includes 54,256 shares earned but not vested.
Key Figures
Shares granted: 6,388 shares of Common Stock
Shares surrendered for taxes: 2,674 shares of Common Stock
Tax withholding price: $87.81 per share
+2 more
5 metrics
Shares granted
6,388 shares of Common Stock
Grant on August 27, 2026 consisting of performance stock units earned under long-term incentive plan
Shares surrendered for taxes
2,674 shares of Common Stock
Surrendered on August 27, 2026 to pay taxes on issued shares
Tax withholding price
$87.81 per share
Price applied to 2,674 surrendered shares for tax payment
Indirect holdings after transaction
56,845 shares of Common Stock
Indirectly held by K & A Jacobson 2017 Rev Trust after transactions
Earned but not vested shares
54,256 shares
Included within the indirect holdings reported through the trust
Key Terms
performance stock units, long-term incentive plan, tax liability, indirect, +1 more
5 terms
performance stock units financial
"Consists of performance stock units earned under long-term incentive plan"
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.
long-term incentive plan financial
"earned under long-term incentive plan"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
tax liability financial
"Payment of tax liability by delivering or withholding securities"
indirect financial
"ownership_type": "indirect"
earned but not vested financial
"Includes 54,256 shares earned but not vested"
FAQ
What did AVT CFO Kenneth A. Jacobson acquire in this Form 4 filing?
Kenneth A. Jacobson acquired 6,388 shares of AVNET INC (AVT) Common Stock on August 27, 2026, as a grant consisting of performance stock units earned under a long-term incentive plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
