Avnet CEO granted 20,360 performance shares

Avnet’s CEO received a new stock award and now holds substantial direct, indirect, and option-based exposure to AVT shares.

Rhea-AI Filing Summary

AVNET INC (AVT) reported that Chief Executive Officer and director Philip R. Gallagher received a grant of 20,360 shares of Common Stock on September 14, 2026 as a compensation-related award of performance stock units earned under long-term incentive plans327,609 shares directly, including 234,622 shares earned but not vested, plus 209,531 shares held indirectly through the Gallagher Family Trust. He also continues to hold employee stock options to acquire additional Common Stock at exercise prices of $29.38 and $39.62 per share with expirations in 2030 and 2031.

Insider Trade Summary

Grant/Award: 20,360 shares

Grant/Award 4 txns

Insider GALLAGHER PHILIP R

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1, F2	20,360	$0.00	$0.00
holding	Employee Stock Option (Right to Buy) F3	--	--	--
holding	Employee Stock Option (Right to Buy) F3	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 327,609 shares (Direct); Employee Stock Option (Right to Buy) — 344,300 contracts (Direct); Common Stock — 209,531 shares (Indirect, By Gallagher Family Trust)

Footnotes (3)

1. F1. Consists of performance stock units earned under long-term incentive plans.
2. F2. Includes 234,622 shares earned but not vested.
3. F3. The option vested in four equal annual installments beginning on the first anniversary of the date of grant.

Key Figures

Shares granted: 20,360 shares of Common Stock Direct holdings after transaction: 327,609 shares Earned but not vested shares: 234,622 shares +3 more

6 metrics

Shares granted 20,360 shares of Common Stock Grant to CEO Philip R. Gallagher on September 14, 2026

Direct holdings after transaction 327,609 shares Directly owned Avnet Common Stock following the grant

Earned but not vested shares 234,622 shares Portion of CEO’s direct holdings noted as earned but unvested

Indirect holdings via trust 209,531 shares Shares held by Gallagher Family Trust

Option exercise price $29.38 per share Employee stock option on 150,048 underlying shares, expiring November 16, 2030

Option exercise price $39.62 per share Employee stock option on 194,252 underlying shares, expiring August 22, 2031

Key Terms

performance stock units, long-term incentive plans, Employee Stock Option (Right to Buy), underlying security, +1 more

5 terms

performance stock units financial

"Consists of performance stock units earned under long-term incentive plans."

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 plans financial

"Consists of performance stock units earned under long-term incentive plans."

Long-term incentive plans are multi-year pay programs that reward executives and key employees with stock, options, or cash bonuses when the company hits future performance goals. Think of it like paying someone with a portion of the business or future bonuses to keep them focused on growing the company over several years. Investors watch these plans because they influence executive decisions, potential share dilution, and whether management’s goals line up with long-term shareholder value.

Employee Stock Option (Right to Buy) financial

"Employee Stock Option (Right to Buy) with underlying Common Stock."

underlying security financial

"underlying security title listed as Common Stock for the options."

Gallagher Family Trust financial

"Common Stock held indirectly By Gallagher Family Trust."

FAQ

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

What insider transaction did AVT’s CEO report on September 14, 2026?

Philip R. Gallagher reported a grant of 20,360 shares of Avnet Common Stock, described as performance stock units earned under long-term incentive plans. The award was recorded at $0.00 per share, indicating a compensation-related equity grant rather than a market purchase.

How many AVT shares does the CEO hold directly after this Form 4?

After the September 14, 2026 grant, Philip R. Gallagher directly holds 327,609 shares of Avnet Common Stock. This direct position includes 234,622 shares earned but not vested under company incentive arrangements.

What indirect ownership in AVT shares is reported for the CEO?

The filing reports an indirect holding of 209,531 shares of Avnet Common Stock held “By Gallagher Family Trust.” These trust-held shares are reported as indirect beneficial ownership in addition to his direct holdings.

What employee stock options on AVT shares does the CEO hold?

Philip R. Gallagher holds employee stock options on Avnet Common Stock with underlying shares of 150,048 at a $29.38 exercise price expiring November 16, 2030, and 194,252 at a $39.62 exercise price expiring August 22, 2031.

Were the AVT CEO’s September 14, 2026 transactions under a Rule 10b5-1 plan?

The document-level Rule 10b5-1 checkbox is not affirmed for this Form 4, and there is no footnote stating that the September 14, 2026 equity grant or reported holdings were made pursuant to a Rule 10b5-1 trading plan.

What type of award are the 20,360 AVT shares granted to the CEO?

The 20,360-share award is described in a footnote as “performance stock units earned under long-term incentive plans.” This indicates the shares relate to performance-based long-term incentive compensation rather than an open-market share purchase.

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

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Available on EDGAR 09/15/2026 - 07:25 PM Accepted by SEC EDGAR 09/15/2026 - 07:24 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.

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)
09/14/2026

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	09/14/2026		A		20,360(1)	A	$0	327,609(2)	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	$29.38							(3)	11/16/2030	Common Stock	150,048		150,048	D
Employee Stock Option (Right to Buy)	$39.62							(3)	08/22/2031	Common Stock	194,252		194,252	D

Explanation of Responses:

1. Consists of performance stock units earned under long-term incentive plans.

2. Includes 234,622 shares earned but not vested.

3. 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	09/15/2026
	** 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)