Avnet (NASDAQ: AVT) grants 5,537 shares to Michael McCoy
Rhea-AI Filing Summary
AVNET INC (AVT) reported insider equity compensation activity for officer Michael Ryan McCoy, SVP and General Counsel. On 2026-08-27 he acquired 5,537 shares of Common Stock as a grant consisting of performance stock units earned under a long-term incentive plan. On the same date, 2,318 shares of Common Stock were surrendered at $87.81 per share to pay taxes on the issued shares. A footnote states that his holdings include 40,127 shares earned but not vested, indicating a substantial remaining unvested equity position.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,219 shares
Net Buy
2 txns
Insider
McCoy Michael Ryan
Role
SVP, General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 5,537 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2, F3 | 2,318 | $87.81 | $204K |
Holdings After Transaction:
Common Stock — 102,431 shares (Direct)
Footnotes (3)
- F1. Consists of performance stock units earned under long-term incentive plan.
- F2. Surrendered shares to pay taxes on issued shares.
- F3. Includes 40,127 shares earned but not vested.
Key Figures
Shares granted: 5,537 shares of Common Stock
Shares surrendered for taxes: 2,318 shares of Common Stock
Tax surrender price: $87.81 per share
+1 more
4 metrics
Shares granted
5,537 shares of Common Stock
Performance stock units earned under long-term incentive plan on 2026-08-27
Shares surrendered for taxes
2,318 shares of Common Stock
Surrendered to pay taxes on issued shares on 2026-08-27
Tax surrender price
$87.81 per share
Price for 2,318 surrendered shares used to pay tax liability
Earned but not vested shares
40,127 shares
Includes 40,127 shares earned but not vested, per footnote
Key Terms
performance stock units, long-term incentive plan, payment of tax liability by delivering or withholding securities
3 terms
performance stock units financial
"Consists of performance stock units earned under long-term incentive plan."
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 plan financial
"Consists of performance stock units earned under long-term incentive plan."
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
payment of tax liability by delivering or withholding securities financial
"transaction_code_description: Payment of tax liability by delivering or withholding securities"
FAQ
What insider transactions did AVT officer Michael Ryan McCoy report on this Form 4?
Michael Ryan McCoy reported a grant of 5,537 shares of AVT Common Stock earned as performance stock units and the surrender of 2,318 shares to pay taxes on the issued shares, both dated 2026-08-27.
Does Michael Ryan McCoy still hold unvested AVT equity after these transactions?
Yes. A footnote states that his holdings include 40,127 shares earned but not vested, indicating a significant remaining unvested equity position after the reported grant and tax-withholding surrender.
Were the AVT Form 4 transactions made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is unchecked (aff_10b5_one is false), and no footnote states that the transactions were made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.