Form 4: Avnet CEO Philip Gallagher Sells 30,000 Shares

Avnet's CEO, Philip Gallagher, recently sold 30,000 shares of common stock at an average price of $53.74.

Summary

• On May 29, 2024, Philip R. Gallagher, the CEO of Avnet Inc., sold 30,000 shares of Avnet's common stock.
• The sale was executed at a weighted average price of $53.74 per share, with individual transactions ranging from $53.56 to $54.02.
• Following the transaction, Gallagher directly owns 140,792 shares and indirectly owns 139,709 shares through the Gallagher Family Trust.
• The directly owned shares include 105,198 shares underlying Restricted Stock Units (RSUs) and 35,594 shares underlying Performance Stock Units (PSUs) that are not yet vested or delivered.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by the CEO. The sentiment is neutral as it simply reports a transaction without any explicit positive or negative implications.

Industry Context

Executive stock sales are a common occurrence and can be for various reasons, including diversification, tax planning, or personal expenses. It's important to consider the context of the sale, such as the overall trading volume and any company-specific news, to determine its potential impact.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders, depending on the market's interpretation of the transaction.

Key Dates