Avnet Board Member Shows Confidence with Growing Stock Position

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Avnet director Rodney C. Adkins reported changes in beneficial ownership in a Form 4 filing dated June 28, 2025. The key transaction involved the acquisition of 33 Phantom Stock Units (PSUs) on June 18, 2025, at a price of $51.54 per unit. These PSUs were received as a result of quarterly dividend reinvestment.

Current holdings after the reported transactions include:

36,486 shares of common stock held directly
5,287 PSUs held directly

Each PSU represents one share of Avnet common stock and will be settled in common stock upon either the director's departure from the board or a change in control of the company. This transaction demonstrates ongoing alignment between the director's interests and those of shareholders through equity-based compensation.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Adkins Rodney C

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	33	$51.54	$2K
holding	Common Stock	--	--	--

Holdings After Transaction: Phantom Stock Units — 5,287 shares (Direct); Common Stock — 36,486 shares (Direct)

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 PSUs acquired as a result of the quarterly dividend.

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Form 4 Insider Transactions: What Each Field Means →

06/20/2025 - 06:02 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^*

Adkins Rodney C

(Last)

(First)

(Middle)

C/O AVNET, INC.

2211 SOUTH 47TH STREET

(Street)

PHOENIX

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)
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)
Common Stock								36,486	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)
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⁾	06/18/2025		A		33⁽²⁾		⁽¹⁾	⁽¹⁾	Common Stock	33	$51.54	5,287	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.

Source: View Original Filing on SEC EDGAR

FAQ

How many Phantom Stock Units (PSUs) did Avnet (AVT) director Rodney Adkins acquire on June 18, 2025?

According to the Form 4 filing, Director Rodney Adkins acquired 33 Phantom Stock Units (PSUs) on June 18, 2025, which were received as a result of the quarterly dividend.

What is the total number of AVT shares Rodney Adkins owns directly after the June 2025 transaction?

Following the reported transaction, Rodney Adkins directly owns 36,486 shares of Avnet (AVT) common stock and 5,287 Phantom Stock Units.

What was the price of AVT Phantom Stock Units acquired in the June 18, 2025 transaction?

The Phantom Stock Units were acquired at a price of $51.54 per unit, as reported in the Form 4 filing.

When will AVT director Rodney Adkins' Phantom Stock Units be settled?

According to the filing's explanation, the Phantom Stock Units will be settled in Avnet's common stock after Rodney Adkins leaves the Issuer's Board or upon a change of control of the company.

What type of insider transaction triggered AVT's Form 4 filing in June 2025?

The Form 4 filing was triggered by Director Rodney Adkins' acquisition of 33 Phantom Stock Units as a result of a quarterly dividend payment, representing an automatic dividend reinvestment transaction.