Form 4: AVNET CEO Gallagher Reports Routine Share Transaction

AVNET CEO Philip R. Gallagher reported a routine transaction involving the surrender of shares to cover tax obligations related to vested Restricted Stock Units.

Summary

• Philip R. Gallagher, Chief Executive Officer and Director of AVNET INC, reported a transaction on January 5, 2026.
• The transaction involved the surrender of 27,986 shares of Common Stock at a price of $49.04 per share.
• This surrender was specifically to pay taxes applicable to the issuance of shares upon the vesting of Restricted Stock Units (RSUs).
• Following this transaction, Gallagher directly beneficially owns 168,923 shares.
• This direct ownership includes 113,340 shares underlying RSUs that have been earned but are not yet vested or delivered, and 9,742 shares underlying Performance Stock Units (PSUs) that have been earned but are not yet vested.
• Additionally, Gallagher indirectly beneficially owns 209,531 shares through the Gallagher Family Trust.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction by an insider to cover tax liabilities associated with vested equity compensation. This is a neutral event with no direct positive or negative implications for the company's operational or financial performance.

Positives

• The vesting of Restricted Stock Units (RSUs) indicates that the executive has met performance or tenure requirements, reflecting successful achievement of company goals or continued service.

Future Outlook

N/A

Industry Context

N/A

Stakeholder Impact

• Shareholders may note the executive's continued significant ownership in the company, both directly and indirectly, after the tax-related transaction.

Key Dates

Recommendation

This Form 4 details a routine, non-discretionary transaction by the CEO to cover tax obligations upon the vesting of Restricted Stock Units. Such transactions are common for executives receiving equity compensation and do not typically signal a change in the company's fundamentals or management's outlook. Therefore, it provides no new information to warrant a change in investment recommendation.

Keywords

AVNET, AVT, Form 4, SEC Filing, Insider Transaction, Philip R. Gallagher, CEO, Restricted Stock Units, RSU, Equity Compensation, Tax Withholding