Avnet CEO gifts shares, moves 63K into trust

Avnet CEO Philip R. Gallagher reallocated shares to his family trust and donated shares to a non-profit, with 264,433 shares remaining in his direct holdings.

Rhea-AI Filing Summary

AVNET INC (AVT) reported insider transactions by Chief Executive Officer and director Philip R. Gallagher involving common stock on September 17, 2026. Gallagher, through the Gallagher Family Trust, made a bona fide gift of 250 shares to a non-profit organization and transferred 63,176 shares of common stock from direct ownership to the Gallagher Family Trust. After the transfer, Gallagher held 264,433 shares directly, with additional shares held indirectly through the trust. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

250 shares gifted

Gift 3 txns

Insider GALLAGHER PHILIP R

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Gift	Common Stock F1	250	$0.00	$0.00
Other	Common Stock F2	63,176	$0.00	$0.00
Other	Common Stock	63,176	$0.00	$0.00

Holdings After Transaction: Common Stock — 264,433 shares (Direct); Common Stock — 272,707 shares (Indirect, By Gallagher Family Trust)

Footnotes (2)

1. F1. Shares donated as a gift to a non-profit organization.
2. F2. Shares transferred to Gallagher Family Trust.

Key Figures

Gifted shares: 250 shares Shares transferred to trust: 63,176 shares Direct holdings after transaction: 264,433 shares +2 more

5 metrics

Gifted shares 250 shares Bona fide gift to a non-profit organization on September 17, 2026

Shares transferred to trust 63,176 shares Other acquisition or disposition from direct ownership to Gallagher Family Trust on September 17, 2026

Direct holdings after transaction 264,433 shares Direct Avnet common stock held by Philip R. Gallagher following the transfer

Restructuring-related shares 126,352 shares Total shares involved in restructuring-type transactions (code J) as summarized in the filing

Gift transaction count 1 transaction Single bona fide gift of AVT common stock reported

Key Terms

bona fide gift, indirect ownership, Rule 10b5-1, other acquisition or disposition, +1 more

5 terms

bona fide gift financial

"The filing describes the G-code transaction as a bona fide gift."

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

indirect ownership financial

"Shares are reported as indirectly owned by Gallagher Family Trust."

Rule 10b5-1 regulatory

"The document-level Rule 10b5-1 checkbox is not affirmed for these trades."

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

other acquisition or disposition financial

"J-code transactions are labeled as other acquisition or disposition."

Gallagher Family Trust financial

"Some AVT shares are held indirectly by Gallagher Family Trust."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did AVT CEO Philip R. Gallagher report on September 17, 2026?

Philip R. Gallagher reported a bona fide gift of 250 AVT shares to a non-profit and restructured 63,176 shares, moving them from direct ownership into the Gallagher Family Trust on September 17, 2026.

How many AVT shares did Philip R. Gallagher gift according to this Form 4?

He gifted 250 shares of AVNET INC common stock as a bona fide gift to a non-profit organization, made through the Gallagher Family Trust.

How many AVT shares does Philip R. Gallagher hold directly after these transactions?

Following the restructuring transfer of 63,176 shares, Philip R. Gallagher directly holds 264,433 shares of AVNET INC common stock.

What was the purpose of the 63,176 AVT shares reported as a J-code transaction?

The 63,176 shares were reported as an “other acquisition or disposition” transaction and were transferred from Philip R. Gallagher’s direct ownership to the Gallagher Family Trust.

Were Philip R. Gallagher’s AVT transactions made under a Rule 10b5-1 trading plan?

No. The filing indicates that no Rule 10b5-1 trading plan was affirmed for the reported AVT transactions.

Did the AVT CEO’s Form 4 show any stock option exercises or sales on the market?

No. The reported transactions involve a bona fide gift of 250 shares and an ownership restructuring transfer of 63,176 shares to the Gallagher Family Trust, with no market purchases or sales disclosed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/18/2026 - 04:47 PM Accepted by SEC EDGAR 09/18/2026 - 04:47 PM Learn about SEC filing dates

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^*

GALLAGHER PHILIP R

(Last) (First) (Middle)

C/O AVNET, INC.

2150 E. WARNER RD.

(Street)

TEMPE ARIZONA 85284

(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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/17/2026		G	V	250(1)	D	$0	272,457	I	By Gallagher Family Trust
Common Stock	09/17/2026		J	V	63,176(2)	D	$0	264,433	D
Common Stock	09/17/2026		J	V	63,176	A	$0	272,707	I	By Gallagher Family Trust

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

Explanation of Responses:

1. Shares donated as a gift to a non-profit organization.

2. Shares transferred to Gallagher Family Trust.

	/s/ Darrel S. Jackson, Attorney-In-Fact	09/18/2026
	** 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)