How is the Gallagher Family Trust involved in Avnet (AVT) share ownership?

One Form 4 entry shows 209,531 Avnet common shares held indirectly "By Gallagher Family Trust." This indicates those shares are owned through the trust structure rather than directly by Philip Gallagher, though they are still reported as part of his beneficial ownership position.

Avnet CEO exercises options, sells 23,920 shares

Avnet Inc. Chief Executive Officer Philip R. Gallagher reported an option exercise paired with an open-market sale of common stock.

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Form Type

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.

Insider Trade Summary

Exercise and Sale: 23,920 shares ($820K approx. pre-tax spread)

Exercise and Sale 7 txns

Insider GALLAGHER PHILIP R

Role Chief Executive Officer

Sold 23,920 shs ($1.98M)

Approx. gross sale proceeds $1.98M

Approx. exercise cost $1.16M

Approx. pre-tax spread $820K

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (Right to Buy)	23,920	$0.00	$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) — 396,200 contracts (Direct); Common Stock — 168,923 shares (Direct); Common Stock — 209,531 shares (Indirect, By Gallagher Family Trust)

Footnotes (4)

F1. 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.
F2. In fiscal year 2019, the reporting person was granted an option to purchase 23,920 shares of common stock.
F3. Includes 113,340 unvested restricted stock units and 9,742 unvested performance stock units.
F4. 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

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

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.

How many Avnet (AVT) shares did the CEO sell and at what price?

Philip Gallagher sold 23,920 Avnet common shares in the open market at an average price of about $82.92 per share. The filing notes the sales occurred in multiple trades priced between $82.785 and $83.340, with detailed breakdowns available upon request.

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.

How many Avnet (AVT) shares does the CEO hold after these transactions?

After the option exercise and sale, the CEO directly owns 145,003 Avnet common shares, including 113,340 unvested restricted stock units and 9,742 unvested performance stock units. He also indirectly owns 209,531 common shares through the Gallagher Family Trust according to the filing.

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.

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Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 05/06/2026 - 04:19 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^*

GALLAGHER PHILIP R

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/05/2026

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	05/05/2026		S		23,920	D	$82.92⁽¹⁾	145,003	D
Common Stock	05/05/2026		M		23,920⁽²⁾	A	$48.62	168,923⁽³⁾	D
Common Stock								209,531	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)
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)
Employee Stock Option (Right to Buy)	$39.72							⁽⁴⁾	08/13/2029	Common Stock	31,900		31,900	D
Employee Stock Option (Right to Buy)	$29.38							⁽⁴⁾	11/16/2030	Common Stock	170,048		170,048	D
Employee Stock Option (Right to Buy)	$39.62							⁽⁴⁾	08/22/2031	Common Stock	194,252		194,252	D
Employee Stock Option (Right to Buy)	$48.62	05/05/2026		M			23,920⁽²⁾	⁽⁴⁾	08/27/2028	Common Stock	23,920	$0	0	D

Explanation of Responses:

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.

2. In fiscal year 2019, the reporting person was granted an option to purchase 23,920 shares of common stock.

3. Includes 113,340 unvested restricted stock units and 9,742 unvested performance stock units.

4. The option vested in four equal annual installments beginning on the first anniversary of the date of grant.

	/s/ Darrel S. Jackson, Attorney-In-Fact	05/06/2026
	** 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