AVT Insider Filing: 9,468 RSUs Vest; 948 Shares Surrendered for Taxes

Rhea-AI Filing Summary

Chan Leng Jin, SVP and CIO of Avnet, Inc. (AVT), reported changes in beneficial ownership. The filing shows 9,468 restricted stock units (RSUs) were earned on 08/21/2025 and were recorded as acquisitions at $0, bringing reported beneficial ownership to 43,940 shares.

On 08/22/2025 a separate transaction coded F shows 948 shares were surrendered to cover taxes at $52.89 per share, reducing ownership to 42,992 shares. The filing notes 20,479 shares underlying RSUs and 1,044 shares underlying performance stock units (PSUs) have been earned but are not yet vested or delivered. The form was signed by an attorney-in-fact on 08/25/2025.

Positive

• 9,468 RSUs earned are explicitly documented as acquisitions under the company long-term incentive plans
• Detailed disclosure of unvested awards: 20,479 RSU shares and 1,044 PSU shares are identified as earned but not yet vested or delivered

Negative

• Net beneficial ownership decreased after surrender of 948 shares to pay taxes, reducing holdings to 42,992 shares
• Some vested awards remain undelivered, indicating future share issuance that could dilute existing shareholders

Insights

Financial Analyst

TL;DR: Insider reported RSU vesting and a tax-related share surrender; net holdings declined slightly to 42,992 shares.

The filing documents routine equity compensation activity rather than market transactions. 9,468 RSUs were recorded as acquired at $0, consistent with vesting under long-term incentive plans, and 948 shares were surrendered for taxes at $52.89. The disclosure that 20,479 RSU shares and 1,044 PSU shares remain earned but unvested clarifies future potential dilution and timing of delivery. For investors, this is standard insider compensation reporting with limited immediate impact on enterprise value.

Corporate Governance Expert

TL;DR: This is a routine Section 16 filing showing compensation vesting and tax withholding; no governance red flags evident.

The report identifies the reporting person as SVP and CIO and shows equity awards vesting under company plans. The use of a Form 4 with an attorney-in-fact signature is properly documented. The presence of earned-but-unvested RSUs and PSUs is disclosed, which is important for transparency around executive incentives. No departures, option exercises for cash proceeds, or unusual transactions are reported.

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
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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^*

Chan Leng Jin

(Last) (First) (Middle)

C/O AVNET, INC.

2211 SOUTH 47TH STREET

(Street)

PHOENIX AZ 85034

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AVNET INC [ AVT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, CIO

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	08/21/2025		A		9,468(1)	A	$0	43,940	D
Common Stock	08/22/2025		F		948(2)	D	$52.89	42,992(3)	D

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. Consists of Restricted Stock Units ("RSUs") earned under long-term incentive plans.

2. Surrendered shares to pay taxes applicable to the issuance of shares upon the vesting of Performance Stock Units ("PSUs").

3. Includes 20,479 shares underlying RSUs earned but not yet vested or delivered and 1,044 shares underlying PSUs earned but not yet vested.

	/s/ Darrel S. Jackson, Attorney-In-Fact	08/25/2025
	** 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.

FAQ

What transactions did Chan Leng Jin report on the Avnet (AVT) Form 4?

Earned 9,468 RSUs on 08/21/2025 recorded as acquisitions at $0 and 948 shares surrendered on 08/22/2025 at $52.89 to cover taxes.

How many Avnet shares does Chan Leng Jin beneficially own after these transactions?

42,992 shares are reported as beneficially owned following the transactions.

How many unvested equity awards are disclosed in the filing?

20,479 shares underlying RSUs and 1,044 shares underlying PSUs are earned but not yet vested or delivered.

At what price were the surrendered shares reported?

948 shares were surrendered at $52.89 per share to pay taxes.

Who signed the Form 4 filing for Chan Leng Jin?

The form was signed by Darrel S. Jackson, Attorney-In-Fact on 08/25/2025.