Form 4: Avnet CEO Sells Shares
Insider Transaction (Form 4)
Philip R Gallagher, Chief Executive Officer and a Director of Avnet Inc, sold 51,900 shares of common stock on August 12, 2026 for $98.46 per share.
Summary
- Option exercise/conversion: acquired 31,900 Common Stock at $39.72 ($1,267,068) on August 12, 2026; holds 200,823 after (Direct).
- Option exercise/conversion: acquired 20,000 Common Stock at $29.38 ($587,600) on August 12, 2026; holds 220,823 after (Direct).
- Open-market sale: disposed of 31,900 Common Stock at $98.46 ($3,140,874) on August 12, 2026; holds 188,923 after (Direct).
- Open-market sale: disposed of 20,000 Common Stock at $98.46 ($1,969,200) on August 12, 2026; holds 168,923 after (Direct).
- Option exercise/conversion: disposed of 31,900 Employee Stock Option (Right to Buy) on August 12, 2026 (Direct).
- Option exercise/conversion: disposed of 20,000 Employee Stock Option (Right to Buy) on August 12, 2026; holds 150,048 after (Direct).
Sentiment
Score: 2
Explanation: StockSavvy.ai views this as a mildly negative signal: an insider sold $5,110,074 of stock on the open market.
Insider Transactions
Philip R Gallagher — Director, Officer (Chief Executive Officer)
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-08-12 | Option exercise/conversion | Common Stock | 31,900 | $40 | $1.3M | 200,823 |
| 2026-08-12 | Option exercise/conversion | Common Stock | 20,000 | $29 | $587.6K | 220,823 |
| 2026-08-12 | Open-market sale | Common Stock | 31,900 | $98 | $3.1M | 188,923 |
| 2026-08-12 | Open-market sale | Common Stock | 20,000 | $98 | $2.0M | 168,923 |
| 2026-08-12 | Option exercise/conversion | Employee Stock Option (Right to Buy) | 31,900 | — | — | 0 |
| 2026-08-12 | Option exercise/conversion | Employee Stock Option (Right to Buy) | 20,000 | — | — | 150,048 |
Key Dates
| Date | Description |
|---|---|
| 2026-08-12 | Option exercise/conversion (31,900 shares) |
| 2026-08-12 | Option exercise/conversion (20,000 shares) |
| 2026-08-12 | Open-market sale (31,900 shares) |
| 2026-08-12 | Open-market sale (20,000 shares) |
| 2026-08-12 | Option exercise/conversion (31,900 shares) |
| 2026-08-12 | Option exercise/conversion (20,000 shares) |
Keywords
insider transaction, Form 4, AVT, AVNET INC, bearish, Philip R Gallagher
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