Routine Insider Equity Credit: AVT Director Helmut Gassel Receives 22 PSUs

Rhea-AI Filing Summary

Form 4 snapshot: Avnet, Inc. (AVT) director Helmut Gassel reported a routine equity award dated 06/18/2025. The filing shows the automatic crediting of 22 Phantom Stock Units (PSUs) tied to quarterly dividends, priced at $51.54 per unit. PSUs convert 1-for-1 into common shares when the director leaves the board or upon a change-of-control.

After the credit, Gassel now holds 3,487 PSUs and 1,265 directly owned common shares; no open-market buying or selling of common stock occurred. The dollar value of the new units is approximately $1.1 k, indicating this is a standard board compensation adjustment rather than a strategic stake increase. No operational, earnings, or governance changes accompany the disclosure.

For investors, the event is viewed as administrative: it neither alters ownership materially nor signals a directional view on AVT’s share price.

Insights

Financial Analyst

TL;DR: Routine dividend-linked PSU credit; immaterial to Avnet’s valuation or float.

The Form 4 records 22 additional PSUs granted to director Helmut Gassel, lifting his derivative position to 3,487 units. With a notional value under $2 k, the transaction is negligible relative to Avnet’s $4 bn+ market cap. No common shares were traded, so supply-demand dynamics remain unchanged. Such credits are standard under Avnet’s non-employee director plan and usually occur each quarter with the dividend. Consequently, I classify the filing as neutral and not impactful for investors.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider GASSEL HELMUT

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	22	$51.54	$1K
holding	Common Stock	--	--	--

Holdings After Transaction: Phantom Stock Units — 3,487 shares (Direct); Common Stock — 1,265 shares (Direct)

Footnotes (1)

1. Each Phantom Stock Unit ("PSU") equals one share of the Issuer's common stock and will be settled in the Issuer's common stock after the reporting person leaves the Issuer's Board or upon change of control of the Issuer. Additional PSUs acquired as a result of the quarterly dividend.

Form 4 Insider Transactions: What Each Field Means →

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^*

GASSEL HELMUT

(Last) (First) (Middle)

C/O AVNET, INC.

2211 S. 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2025

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								1,265	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
Phantom Stock Units(1)	(1)	06/18/2025		A		22(2)		(1)	(1)	Common Stock	22	$51.54	3,487	D

Explanation of Responses:

1. Each Phantom Stock Unit ("PSU") equals one share of the Issuer's common stock and will be settled in the Issuer's common stock after the reporting person leaves the Issuer's Board or upon change of control of the Issuer.

2. Additional PSUs acquired as a result of the quarterly dividend.

	/s/ Darrel S. Jackson, Attorney-In-Fact	06/20/2025
	** 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 did Avnet (AVT) director Helmut Gassel report in the latest Form 4?

He acquired 22 Phantom Stock Units on 06/18/2025, linked to the quarterly dividend.

How many Avnet PSUs does Helmut Gassel own after this transaction?

The director now holds 3,487 PSUs.

Did the filing include any open-market purchase or sale of AVT common stock?

No. The Form 4 shows no common-stock transactions; only PSUs were credited.

What is the total common-stock holding disclosed for Helmut Gassel?

He directly owns 1,265 AVT common shares.

Is this insider transaction considered material to investors?

Given its small size (≈$1.1 k) and routine nature, it is not considered material.