Avnet (AVT) CEO sells 23,920 shares after stock option exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Avnet Inc. Chief Executive Officer Philip R. Gallagher reported an option exercise paired with an open-market sale of common stock. On May 5, 2026, he exercised an employee stock option covering 23,920 shares of Avnet common stock at an exercise price of $48.62 per share and received those shares.
That same day, Gallagher sold 23,920 shares of common stock in an open-market transaction at an average price of about $82.92 per share, with individual sale prices ranging from $82.785 to $83.340. Following these transactions, he directly holds 145,003 shares of common stock, which include 113,340 unvested restricted stock units and 9,742 unvested performance stock units, and indirectly holds 209,531 shares through the Gallagher Family Trust.
Gallagher also retains significant unexercised employee stock options over additional Avnet common shares, including options linked to 194,252 shares at an exercise price of $39.62 expiring in 2031, 170,048 shares at $29.38 expiring in 2030, and 31,900 shares at $39.72 expiring in 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 23,920 shares ($1,983,446)
Net Sell
7 txns
Insider
GALLAGHER PHILIP R
Role
Chief Executive Officer
Sold
23,920 shs ($1.98M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 23,920 | $0.00 | -- |
| Sale | Common Stock | 23,920 | $82.92 | $1.98M |
| Exercise | Common Stock | 23,920 | $48.62 | $1.16M |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 0 shares (Direct, null);
Common Stock — 145,003 shares (Direct, null);
Common Stock — 209,531 shares (Indirect, By Gallagher Family Trust)
Footnotes (1)
- The price reported is an average price. These shares were sold in multiple transactions at prices ranging from $82.785 to $83.340. Upon request, the reporting person will disclose the number of shares sold at each price to Avnet, any Avnet security holder, or the SEC. In fiscal year 2019, the reporting person was granted an option to purchase 23,920 shares of common stock. Includes 113,340 unvested restricted stock units and 9,742 unvested performance stock units. The option vested in four equal annual installments beginning on the first anniversary of the date of grant.
Key Figures
Shares exercised: 23,920 shares
Exercise price: $48.62/share
Shares sold: 23,920 shares
+5 more
8 metrics
Shares exercised
23,920 shares
Employee stock option exercise on May 5, 2026
Exercise price
$48.62/share
Employee stock option grant from fiscal 2019
Shares sold
23,920 shares
Open-market sale on May 5, 2026
Average sale price
about $82.92/share
Sales ranged from $82.785 to $83.340
Direct common holdings
145,003 shares
Post-transaction, includes unvested RSUs and PSUs
Indirect trust holdings
209,531 shares
Held by Gallagher Family Trust
Unvested RSUs
113,340 units
Included in direct common stock holdings
Remaining options
194,252; 170,048; 31,900 shares
Employee stock options expiring 2029–2031
Key Terms
Employee Stock Option (Right to Buy), open-market sale, derivative security, restricted stock units, +2 more
6 terms
Employee Stock Option (Right to Buy) financial
"security_title: Employee Stock Option (Right to Buy)"
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
restricted stock units financial
"Includes 113,340 unvested restricted stock units and 9,742 unvested performance stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance stock units financial
"Includes 113,340 unvested restricted stock units and 9,742 unvested performance stock units."
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.
Gallagher Family Trust financial
"nature_of_ownership: By Gallagher Family Trust"
FAQ
What insider transaction did Avnet (AVT) CEO Philip Gallagher report?
Avnet CEO Philip Gallagher exercised an employee stock option for 23,920 common shares, then sold the same 23,920 shares in an open-market transaction. Both actions occurred on May 5, 2026, and were disclosed in a Form 4 insider trading report.
What stock options did the Avnet (AVT) CEO exercise in this Form 4?
The CEO exercised an employee stock option granted in fiscal 2019 covering 23,920 Avnet common shares at a $48.62 exercise price. The option had vested in four equal annual installments beginning one year after grant, and this Form 4 reflects its full exercise.
What unexercised stock options does the Avnet (AVT) CEO still hold?
The filing shows the CEO retains employee stock options linked to 194,252 common shares at a $39.62 exercise price, 170,048 shares at $29.38, and 31,900 shares at $39.72. These options expire in 2031, 2030, and 2029 respectively, indicating substantial remaining equity incentives.