Avnet (NASDAQ: AVT) director adds 139 phantom stock units via dividend grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Avnet director Brenda Freeman received a compensation grant of phantom stock units. On this Form 4, she acquired 139 Phantom Stock Units at an indicated value of $90.91 per unit, bringing her total phantom stock holdings to 36,193 units.

Each phantom stock unit is economically equivalent to one share of Avnet common stock and will be settled in common shares after she leaves the board or upon a change of control at the company. This is a routine, non‑market award rather than an open‑market stock purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Freeman Brenda

Role null

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	139	$90.91	$13K

Holdings After Transaction: Phantom Stock Units — 36,193 shares (Direct, null)

Footnotes (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 Phantom Stock Units ("PSUs") acquired as a result of the quarterly dividend. Each PSU is the economic equivalent of one share of the Issuer's common stock, and is to be settled in the Issuer's common stock on a one-for-one basis after cessation of the reporting person's membership on the Issuer's Board or upon change in control of the Issuer.

Key Figures

Phantom stock units granted: 139 units Indicated value per unit: $90.91 per unit Total phantom units after grant: 36,193 units +2 more

5 metrics

Phantom stock units granted 139 units Grant on 2026-06-17 as dividend-related award

Indicated value per unit $90.91 per unit Phantom Stock Units grant valuation

Total phantom units after grant 36,193 units Holdings following 139-unit grant

Derivative transactions reported 1 transaction Single Phantom Stock Units grant on this Form 4

PSU-to-share ratio 1:1 Each Phantom Stock Unit equals one Avnet common share

Key Terms

Phantom Stock Units, economic equivalent, change of control

3 terms

Phantom Stock Units financial

"Each Phantom Stock Unit ("PSU") equals one share of the Issuer's common stock"

Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.

economic equivalent financial

"Each PSU is the economic equivalent of one share of the Issuer's common stock"

change of control financial

"after the reporting person leaves the Issuer's Board or upon change of control of the Issuer"

A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/22/2026 - 05:42 PM Accepted by SEC EDGAR 06/22/2026 - 05:42 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^*

Freeman Brenda

(Last)

(First)

(Middle)

C/O AVNET, INC.

2211 S. 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
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026

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)

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)
Phantom Stock Units⁽¹⁾	⁽¹⁾	06/17/2026		A		139⁽²⁾		⁽¹⁾	⁽¹⁾	Common Stock	139	$90.91	36,193	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 Phantom Stock Units ("PSUs") acquired as a result of the quarterly dividend. Each PSU is the economic equivalent of one share of the Issuer's common stock, and is to be settled in the Issuer's common stock on a one-for-one basis after cessation of the reporting person's membership on the Issuer's Board or upon change in control of the Issuer.

	/s/ Darrel S. Jackson, Attorney-In-Fact	06/19/2026
	** 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

FAQ

What did Avnet (AVT) director Brenda Freeman report in this Form 4?

Brenda Freeman reported a grant of 139 Phantom Stock Units as compensation. These units are tied to Avnet’s common stock and increased her total phantom holdings to 36,193 units, with settlement in shares after her board service ends or upon change of control.

Is Brenda Freeman buying or selling Avnet (AVT) stock in this filing?

She is not buying or selling stock on the open market. The Form 4 shows a grant of 139 Phantom Stock Units as compensation, linked economically to Avnet common shares and settled later, rather than an immediate cash purchase or sale transaction.

How many Avnet phantom stock units does Brenda Freeman hold after this grant?

After receiving 139 additional Phantom Stock Units, Brenda Freeman holds 36,193 phantom units. Each unit is the economic equivalent of one Avnet common share and will convert into stock when her board service ends or if a change of control occurs.

What are Avnet (AVT) Phantom Stock Units and how are they settled?

Avnet’s Phantom Stock Units are compensation instruments economically equal to one common share each. They are settled in Avnet common stock on a one‑for‑one basis after the director leaves the board or when a change of control at the company takes place, whichever comes first.

Why did Brenda Freeman receive additional Avnet Phantom Stock Units?

She acquired additional Phantom Stock Units as a result of Avnet’s quarterly dividend. The grant credited 139 units, each tied to one common share, and will be settled in stock after her board service ends or upon change of control, consistent with the plan terms.